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Diebold Inc (DBD) SEC Filing 10-K Annual report for the fiscal year ending Tuesday, December 31, 2013

Diebold Nixdorf, Inc

CIK: 28823 Ticker: DBD


pressrelease
 
 
 
Media contact:    
 
Investor contact:
Mike Jacobsen, APR
 
Jamie Finefrock
+1 330 490 3796
 
+1 330 490 6319
michael.jacobsen@diebold.com    
 
jamie.finefrock@diebold.com

FOR IMMEDIATE RELEASE:    
February 13, 2014


DIEBOLD REPORTS 2013 FOURTH QUARTER AND FULL-YEAR FINANCIAL RESULTS
Diebold board of directors elects to maintain company's dividend at current level

Q4 EPS from continuing operations of $(0.65), including a non-routine $67.6 million pre-tax, non-cash pension charge related to the voluntary early retirement program, or $(0.67) per share; non-GAAP* EPS grew to $0.57 per share
Total revenue for Q4 2013 decreased 3.4% compared with prior-year period
Free cash flow* for Q4 2013 improved by $23.1 million to $173.5 million from Q4 2012; full-year free cash flow* increased $3.0 million to $88.8 million
Net debt* at December 31, 2013 was $50.8 million, a $29.2 million increase from December 31, 2012.
Earnings overview presentation available at http://www.diebold.com/earnings

NORTH CANTON, Ohio - Diebold, Incorporated (NYSE: DBD) today reported fourth quarter 2013 net loss attributable to Diebold of $(41.4) million, or $(0.65) per share, including a non-routine $67.6 million pre-tax, non-cash pension charge related to the voluntary early retirement program, or $(0.67) per share. This compares with fourth quarter 2012 net loss of $(11.9) million, or $(0.19) per share. Fourth quarter 2013 revenue was $811.4 million, down 3.4% from the fourth quarter 2012. Approximately half of the revenue decline is attributable to currency exchange rates.

Non-GAAP* income attributable to Diebold in the fourth quarter 2013 grew to $0.57 per share compared with $0.43 per share in the fourth quarter 2012.


Dividend
The board of directors of Diebold, Incorporated declared a first-quarter cash dividend of $0.2875 per share on all common shares, which would maintain an annualized dividend of $1.15 per share. The dividend is payable on Friday, March 7, to shareholders of record at the close of business on Monday, Feb. 24.

Management Commentary
"During the second half of 2013, we stabilized our business and began to execute on our turnaround strategy," said Andy W. Mattes, president and chief executive officer. "We delivered operating profit near the higher end of our expectations and finished the year well within the revenue and earnings guidance we provided in early August, despite a higher-than-expected non-GAAP* effective tax rate. I'm also very pleased that we were able to deliver solid free cash flow in the second half of the year. This not only enables us to invest in our turnaround efforts, but also supports our strong dividend.
"The results we’ve delivered to date are consistent with the early phase of our multi-year turnaround," Mattes concluded. "However, we still have a lot of work in front of us as we continue to execute on our cost-saving initiatives and reinvest in future growth."

-more-
*See accompanying notes for non-GAAP measures.



The following information was filed by Diebold Nixdorf, Inc (DBD) on Thursday, February 13, 2014 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Financial Statements, Disclosures and Schedules

Inside this 10-K Annual Report

Document And Entity Information Document
Schedule Ii - Valuation And Qualifying Accounts
Schedule Ii - Valuation And Qualifying Accounts (details)
Consolidated Balance Sheets
Consolidated Balance Sheets (parentheticals)
Consolidated Statements Of Cash Flows
Consolidated Statements Of Comprehensive (loss) Income
Consolidated Statements Of Comprehensive (loss) Income (parentheticals)
Consolidated Statements Of Equity
Consolidated Statements Of Operations
Allowance For Credit Losses
Allowance For Credit Losses (tables)
Allowance For Credit Losses (textuals) (details)
Allowance For Credit Losses - Aging Of Past-due Receivables (details)
Allowance For Credit Losses - Summary Of Allowance For Credit Losses (details)
Benefit Plans
Benefit Plans (tables)
Benefit Plans - Components Of Net Periodic Benefit Cost (details)
Benefit Plans Benefit Plans - Accumulated Benefit Obligation In Excess Of Plan Assets (details)
Benefit Plans Benefit Plans - Allocation Of Plan Assets (additional Information) (details)
Benefit Plans Benefit Plans - Allocation Of Plan Assets (details)
Benefit Plans Benefit Plans - Assumptions Used (details)
Benefit Plans Benefit Plans - Change In Plan Assets Unobservable Inputs (details)
Benefit Plans Benefit Plans - Defined Contribution Plans (details)
Benefit Plans Benefit Plans - Future Benefit Payments (details)
Benefit Plans Benefit Plans - Health Care Cost Trends (details)
Benefit Plans Benefit Plans - Summary Of Benefit Plan (details)
Benefit Plans Benefit Plans - Textuals (details)
Commitments And Contingencies
Commitments And Contingencies Commitments And Contingencies (details)
Debt
Debt (tables)
Debt (textuals) (details)
Debt - Schedule Of Debt (details)
Derivative Instruments And Hedging Activities
Derivative Instruments And Hedging Activities (details)
Derivative Instruments And Hedging Activities (tables)
Derivative Instruments And Hedging Activities (textuals) (details)
Discontinued Operations
Earnings Per Share
Earnings Per Share (details)
Earnings Per Share (tables)
Fair Value Of Assets And Liabilities
Fair Value Of Assets And Liabilities (tables)
Fair Value Of Assets And Liabilities (textuals) (details)
Fair Value Of Assets And Liabilities - Fair Value Measurements (details)
Fair Value Of Assets And Liabilities - Summary Of Liabilities Recorded At Carrying Value (details)
Finance Lease Receivables
Finance Lease Receivables (tables)
Finance Lease Receivables - Components Of Finance Lease Receivables (details)
Finance Lease Receivables - Minimum Lease Receivbales Schedule (details)
Goodwill And Other Assets
Goodwill And Other Assets (tables)
Goodwill And Other Assets (textuals) (details)
Goodwill And Other Assets - Schedule Of Goodwill (details)
Guarantees And Product Warranties
Guarantees And Product Warranties (details)
Guarantees And Product Warranties (tables)
Income Taxes
Income Taxes (details)
Income Taxes (tables)
Income Taxes - (loss) Income From Continuing Operatings (details)
Income Taxes - Deferred Tax Assets And Liabilities (details)
Income Taxes - Income Tax Reconciliation (details)
Income Taxes - Provision/(benefit) For Income Taxes (details)
Income Taxes - Unrecognized Tax Benefits (details)
Income Taxes Income Taxes - Deferred Taxes By Balance Sheet Account (details)
Inventories
Inventories (details)
Inventories (tables)
Investments
Investments (details)
Investments (tables)
Investments (textuals) (details)
Leases
Leases (details)
Leases (tables)
Property, Plant And Equipment
Property, Plant And Equipment (details)
Property, Plant And Equipment (tables)
Quarterly Financial Information (unaudited)
Quarterly Financial Information (unaudited) (details)
Quarterly Financial Information (unaudited) (tables)
Restructuring And Other Charges
Restructuring And Other Charges (tables)
Restructuring And Other Charges (textuals) (details)
Restructuring And Other Charges - Restructuring Charges By Plan (details)
Restructuring And Other Charges - Restructuring Charges By Segment (details)
Restructuring And Other Charges - Restructuring Charges By Statement Of Operations Account (details)
Restructuring And Other Charges - Restructuring Reserve Activity (details)
Segment Information
Segment Information (tables)
Segment Information (textuals) (details)
Segment Information - (details)
Segment Information - Revenue By Service/product Solution (details)
Share-based Compensation And Equity
Share-based Compensation And Equity (tables)
Share-based Compensation And Equity (textuals) (details)
Share-based Compensation And Equity - Director Deferred Shares Activity (details)
Share-based Compensation And Equity - Fair Value Assumptions (details)
Share-based Compensation And Equity - Performance Shares Activity (details)
Share-based Compensation And Equity - Restricted Stock Unit Activity (details)
Share-based Compensation And Equity - Share-based Compensation Expense (details)
Share-based Compensation And Equity - Stock Option Activity (details)
Share-based Compensation And Equity - Unrecognized Compensation Costs (details)
Share-based Compensation And Equity Share-based Compensation And Equity - Non-employee Share-based Compensation (details)
Summary Of Significant Accounting Policies
Summary Of Significant Accounting Policies (details)
Summary Of Significant Accounting Policies (policies)
Summary Of Significant Accounting Policies (tables)
Summary Of Significant Accounting Policies - Schedule Of Accumulated Other Comprehensive (loss) Income (details)
Ticker: DBD
CIK: 28823
Form Type: 10-K Annual Report
Accession Number: 0000028823-14-000032
Submitted to the SEC: Mon Mar 03 2014 4:23:47 PM EST
Accepted by the SEC: Mon Mar 03 2014
Period: Tuesday, December 31, 2013
Industry: Calculating And Accounting Machines No Electronic Computers

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