Toyota Motor Corporation Financials
Toyota Motor Corporation (TM) reported $234.6B in revenue for fiscal year 2013, up 3.8% from the prior fiscal year. This page shows its income statement, balance sheet, cash flow statement, and key financial ratios. View 4 years of annual fundamentals and quarterly data, with year-over-year growth rates and compound annual growth rates (CAGR). All figures are derived from SEC filings (10-K and 10-Q reports).
Toyota’s FY2013 rebound came from margin recovery and fixed-cost absorption, not from an unusually large top-line surge.
Revenue rose modestly while operating margin widened from1.9% to6.0% ; with SG&A essentially flat, that suggests a cost base already in place was being used more efficiently. That rebound also looks higher-quality because operating cash flow of$26.1B comfortably exceeded net income of$10.2B , so reported profit translated into cash.
The latest gross margin of
Toyota’s balance-sheet posture stayed leveraged but stable: long-term debt of
Financial Health Signals
Toyota Motor Corporation does not currently provide enough eligible data for a peer-relative financial health score, so none is published. The signals and metrics below are current.
Toyota Motor Corporation scores 1.84, placing it in the grey zone between 1.81 and 2.99. This signals moderate financial risk that warrants monitoring.
Distress-screening estimate for non-financial companies. Not computed for banks or insurers, where the Altman model does not apply.
Toyota Motor Corporation passes 7 of 9 financial strength tests. All 4 profitability signals pass (positive income, cash flow, and earnings quality), 1 of 3 leverage/liquidity signals pass, both operating efficiency signals pass.
For every $1 of reported earnings, Toyota Motor Corporation generates $2.55 in operating cash flow ($26.1B OCF vs $10.2B net income). This indicates profits are well-supported by actual cash generation, not accounting adjustments.
Toyota Motor Corporation earns $57.56 in operating income for every $1 of interest expense ($14.0B vs $244.0M). This wide margin provides strong safety for debt servicing, even if earnings decline temporarily.
Key Financial Metrics
Earnings & Revenue
Toyota Motor Corporation generated $234.6B in revenue in fiscal year 2013. This represents an increase of 3.8% from the prior year.
Toyota Motor Corporation's EBITDA was $25.8B in fiscal year 2013, measuring earnings before interest, taxes, depreciation, and amortization. This represents an increase of 48.9% from the prior year.
Toyota Motor Corporation reported $10.2B in net income in fiscal year 2013. This represents an increase of 196.5% from the prior year.
Toyota Motor Corporation earned $3.23 per diluted share (EPS) in fiscal year 2013. This represents an increase of 193.6% from the prior year.
Cash & Balance Sheet
Toyota Motor Corporation generated $17.0B in free cash flow in fiscal year 2013, representing cash available after capex. This represents an increase of 91.4% from the prior year.
Toyota Motor Corporation held $18.3B in cash against $78.0B in long-term debt as of fiscal year 2013.
Toyota Motor Corporation paid $0.96 per share in dividends in fiscal year 2013. This represents an increase of 57.4% from the prior year.
Margins & Returns
Toyota Motor Corporation's gross margin was 18.4% in fiscal year 2013, indicating the percentage of revenue retained after direct costs. This is up 3.4 percentage points from the prior year.
Toyota Motor Corporation's operating margin was 6.0% in fiscal year 2013, reflecting core business profitability. This is up 4.1 percentage points from the prior year.
Toyota Motor Corporation's net profit margin was 4.4% in fiscal year 2013, showing the share of revenue converted to profit. This is up 2.8 percentage points from the prior year.
Toyota Motor Corporation's ROE was 7.9% in fiscal year 2013, measuring profit generated per dollar of shareholder equity. This is up 5.2 percentage points from the prior year.
Capital Allocation
Toyota Motor Corporation invested $8.6B in research and development in fiscal year 2013. This represents a decrease of 9.5% from the prior year.
Toyota Motor Corporation invested $9.1B in capex in fiscal year 2013, funding long-term assets and infrastructure. This represents an increase of 3.2% from the prior year.
Not reported for fiscal year 2013.
TM Income Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|
| Revenue | $234.6B+3.8% | $226.1B-1.0% | $228.4B+12.1% | $203.7B |
| Cost of Revenue | $191.5B-0.4% | $192.2B0.0% | $192.3B+12.0% | $171.7B |
| Gross Profit | $43.1B+27.1% | $33.9B-6.2% | $36.2B+13.0% | $32.0B |
| R&D Expenses | $8.6B-9.5% | $9.5B+8.0% | $8.8B | N/A |
| SG&A Expenses | $22.4B-0.1% | $22.4B-2.6% | $23.0B+0.8% | $22.8B |
| Operating Income | $14.0B+224.6% | $4.3B-23.2% | $5.6B+255.1% | $1.6B |
| Interest Expense | $244.0M-12.5% | $279.0M-21.0% | $353.0M-1.7% | $359.0M |
| Income Tax | $5.9B+83.8% | $3.2B-15.2% | $3.8B+277.7% | $996.0M |
| Net Income | $10.2B+196.5% | $3.5B-29.7% | $4.9B+118.1% | $2.3B |
| EPS (Diluted) | $3.23+193.6% | $1.10-29.9% | $1.57+118.1% | $0.72 |
TM Balance Sheet
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|
| Total Assets | $377.3B+1.2% | $372.9B+4.0% | $358.6B+9.9% | $326.2B |
| Current Assets | $146.6B-2.2% | $149.9B+5.4% | $142.3B+1.2% | $140.5B |
| Cash & Equivalents | $18.3B+2.3% | $17.9B-29.5% | $25.3B+12.8% | $22.4B |
| Inventory | $18.2B-7.6% | $19.7B+25.8% | $15.7B+2.6% | $15.3B |
| Accounts Receivable | N/A | N/A | N/A | $20.3B |
| Total Liabilities | $241.5B+1.3% | $238.3B+4.8% | $227.3B+5.8% | $214.8B |
| Current Liabilities | $137.3B-4.2% | $143.3B+10.5% | $129.8B+13.0% | $114.9B |
| Long-Term Debt | $78.0B+6.1% | $73.5B-5.2% | $77.6B+2.9% | $75.4B |
| Total Equity | $129.2B+0.6% | $128.4B+3.3% | $124.3B+11.6% | $111.3B |
| Retained Earnings | $134.9B-6.9% | $145.0B+1.9% | $142.3B+14.5% | $124.3B |
Not reported in any period shown, so not listed: Goodwill.
TM Cash Flow Statement
Figures in USD, abbreviated K (thousand), M (million), B (billion), T (trillion). Negative values carry a minus sign and red type.
| Metric | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|
| Operating Cash Flow | $26.1B+47.5% | $17.7B-27.4% | $24.3B-11.5% | $27.5B |
| Capital Expenditures | $9.1B+3.2% | $8.8B+16.3% | $7.6B+16.5% | $6.5B |
| Free Cash Flow | $17.0B+91.4% | $8.9B-47.1% | $16.8B-20.1% | $21.0B |
| Investing Cash Flow | -$32.2B-83.4% | -$17.6B+31.0% | -$25.5B+16.9% | -$30.6B |
| Financing Cash Flow | $5.1B+217.4% | -$4.3B-182.8% | $5.2B+274.8% | -$3.0B |
| Dividends Paid | $2.0B+5.9% | $1.9B+12.4% | $1.7B-8.5% | $1.9B |
Not reported in any period shown, so not listed: Share Buybacks.
TM Financial Ratios
Margins and returns are percentages; the remaining ratios are unitless multiples.
| Metric | FY13 | FY12 | FY11 | FY10 |
|---|---|---|---|---|
| Gross Margin | 18.4%+3.4pp | 15.0%-0.8pp | 15.8%+0.1pp | 15.7% |
| Operating Margin | 6.0%+4.1pp | 1.9%-0.6pp | 2.5%+1.7pp | 0.8% |
| Net Margin | 4.4%+2.8pp | 1.5%-0.6pp | 2.1%+1.0pp | 1.1% |
| Return on Equity | 7.9%+5.2pp | 2.7%-1.3pp | 4.0%+1.9pp | 2.0% |
| Return on Assets | 2.7%+1.8pp | 0.9%-0.4pp | 1.4%+0.7pp | 0.7% |
| Current Ratio | 1.070.0x | 1.05-0.1x | 1.10-0.1x | 1.22 |
| Debt-to-Equity | 0.600.0x | 0.57-0.1x | 0.62-0.1x | 0.68 |
| FCF Margin | 7.2%+3.3pp | 3.9%-3.4pp | 7.3%-3.0pp | 10.3% |
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Where Toyota Motor Corporation Ranks
Frequently Asked Questions
What is Toyota Motor Corporation's annual revenue?
Toyota Motor Corporation (TM) reported $234.6B in total revenue for fiscal year 2013. This represents a 3.8% change compared to the previous fiscal year. Revenue measures the total income earned from the company's primary business operations before any expenses are deducted.
How fast is Toyota Motor Corporation's revenue growing?
Toyota Motor Corporation (TM) revenue grew by 3.8% year-over-year, from $226.1B to $234.6B in fiscal year 2013.
Is Toyota Motor Corporation profitable?
Yes, Toyota Motor Corporation (TM) reported a net income of $10.2B in fiscal year 2013, with a net profit margin of 4.4%.
What is Toyota Motor Corporation's EBITDA?
Toyota Motor Corporation (TM) had EBITDA of $25.8B in fiscal year 2013, measuring earnings before interest, taxes, depreciation, and amortization.
How much debt does Toyota Motor Corporation have?
As of fiscal year 2013, Toyota Motor Corporation (TM) had $18.3B in cash and equivalents against $78.0B in long-term debt.
What is Toyota Motor Corporation's gross margin?
Toyota Motor Corporation (TM) had a gross margin of 18.4% in fiscal year 2013, indicating the percentage of revenue retained after direct costs of goods sold.
What is Toyota Motor Corporation's operating margin?
Toyota Motor Corporation (TM) had an operating margin of 6.0% in fiscal year 2013, reflecting the profitability of core business operations before interest and taxes.
What is Toyota Motor Corporation's net profit margin?
Toyota Motor Corporation (TM) had a net profit margin of 4.4% in fiscal year 2013, representing the share of revenue converted into profit after all expenses.
Does Toyota Motor Corporation pay dividends?
Yes, Toyota Motor Corporation (TM) paid $0.96 per share in dividends during fiscal year 2013.
What is Toyota Motor Corporation's return on equity (ROE)?
Toyota Motor Corporation (TM) has a return on equity of 7.9% for fiscal year 2013, measuring how efficiently the company generates profit from shareholder equity.
What is Toyota Motor Corporation's free cash flow?
Toyota Motor Corporation (TM) generated $17.0B in free cash flow during fiscal year 2013. This represents a 91.4% change compared to the previous fiscal year. Free cash flow represents the cash a company generates after accounting for capital expenditures, and is widely used to assess financial flexibility and shareholder value.
What is Toyota Motor Corporation's operating cash flow?
Toyota Motor Corporation (TM) generated $26.1B in operating cash flow during fiscal year 2013, representing cash generated from core business activities.
What are Toyota Motor Corporation's total assets?
Toyota Motor Corporation (TM) had $377.3B in total assets as of fiscal year 2013, including both current and long-term assets.
What are Toyota Motor Corporation's capital expenditures?
Toyota Motor Corporation (TM) invested $9.1B in capital expenditures during fiscal year 2013, funding long-term assets and infrastructure.
How much does Toyota Motor Corporation spend on research and development?
Toyota Motor Corporation (TM) invested $8.6B in research and development during fiscal year 2013.
What is Toyota Motor Corporation's current ratio?
Toyota Motor Corporation (TM) had a current ratio of 1.07 as of fiscal year 2013, which is considered adequate.
What is Toyota Motor Corporation's debt-to-equity ratio?
Toyota Motor Corporation (TM) had a debt-to-equity ratio of 0.60 as of fiscal year 2013, measuring the company's financial leverage by comparing total debt to shareholder equity.
What is Toyota Motor Corporation's return on assets (ROA)?
Toyota Motor Corporation (TM) had a return on assets of 2.7% for fiscal year 2013, measuring how efficiently the company uses its assets to generate profit.
What is Toyota Motor Corporation's Altman Z-Score?
Toyota Motor Corporation (TM) has an Altman Z-Score of 1.84, placing it in the Grey Zone (moderate risk). The Z-Score combines five financial ratios (working capital, retained earnings, EBIT, market capitalization, and revenue relative to total assets) to predict the likelihood of bankruptcy. Scores above 2.99 indicate financial safety while scores below 1.81 suggest financial distress. Learn more in our complete guide to financial health indicators.
What is Toyota Motor Corporation's Piotroski F-Score?
Toyota Motor Corporation (TM) has a Piotroski F-Score of 7 out of 9, indicating strong financial health. The F-Score evaluates nine binary signals across profitability (positive ROA, positive cash flow, improving ROA, earnings quality), leverage (decreasing debt, improving liquidity, no share dilution), and operating efficiency (improving gross margin, improving asset turnover). Scores of 7 to 9 indicate strong and improving fundamentals. Learn more in our complete guide to financial health indicators.
Are Toyota Motor Corporation's earnings high quality?
Toyota Motor Corporation (TM) has an earnings quality ratio of 2.55x, considered cash-backed (high quality). This ratio compares operating cash flow to net income. A ratio above 1.0x means the company generates more cash than its reported earnings, indicating sustainable, cash-backed profits. Ratios below 1.0x suggest earnings rely on accounting accruals rather than actual cash generation. Learn more in our complete guide to financial health indicators.
Can Toyota Motor Corporation cover its interest payments?
Toyota Motor Corporation (TM) has an interest coverage ratio of 57.56x, meaning it can comfortably cover its interest obligations. This ratio divides operating income by interest expense. Ratios above 5x indicate strong debt-servicing ability, while ratios below 2x suggest the company may face difficulty meeting interest payments if earnings decline. Learn more in our complete guide to financial health indicators.