Koninklijke Philips N.V reported unaudited consolidated earnings results for the fourth quarter and full year ended December 31, 2013. For the quarter, the company reported sales of EUR 6,799 million compared to EUR 6,759 million for the same period of last year. Income from operations was EUR 713 million compared to loss from operations of EUR 176 million for the same period of last year. Income before taxes was EUR 636 million compared to loss before taxes of EUR 215 million for the same period of last year. Net income attributable to shareholders was EUR 409 million compared to net loss attributable to shareholders of EUR 423 million for the same period of last year. Net income attributable to shareholders per basic share was EUR 0.44 compared to loss of EUR 0.46 for the same period of last year. Net cash provided by operating activities was EUR 905 million compared to EUR 1,056 million for the same period of last year. Capital expenditures on property, plant and equipment was EUR 181 million compared to EUR 212 million for the same period of last year. Net income from continuing operations was EUR 422 million compared to loss of EUR 435 million for the same period of last year. The company reported a return to profitability in the fourth quarter, with operating profits up in all its main businesses: Lighting, consumer appliances and healthcare equipment. Sales rose 0.6% to 6.80 billion, which company said would have been a 7% rise comparing like-for-like businesses and stripping currency effects.

For the year, the company reported sales of EUR 23,329 million compared to EUR 23,457 million for the same period of last year. Income from operations was EUR 1,991 million compared to EUR 648 million for the same period of last year. Income before taxes was EUR 1,661 million compared to EUR 319 million for the same period of last year. Net income attributable to shareholders was EUR 1,169 million compared to net loss attributable to shareholders of EUR 35 million for the same period of last year. Net income attributable to shareholders per basic share was EUR 1.27 compared to loss of EUR 0.04 for the same period of last year. Net cash provided by operating activities was EUR 1,138 million compared to EUR 2,082 million for the same period of last year. Capital expenditures on property, plant and equipment was EUR 587 million compared to EUR 661 million for the same period of last year. Net income from continuing operations was EUR 1,170 million compared to loss of EUR 77 million for the same period of last year. Return on invested capital improved to 15.3% for the year compared to 10.7%, excluding the CRT fine in 2012.