Adjusted EBITDA for the fourth quarter of 2012 was $140 million, up $21 million, or 17 percent, over the prior-year period. Operating income increased $29 million, or 112 percent, to $55 million. Americas' operating income increased $10 million, or 15 percent, to $73 million. EMEA's operating income was down $2 million, or six percent, to $26 million. APAC's operating income grew $1 million, or seven percent, to $17 million.
Full Year 2012
Revenue for the year ended November 30, 2012, increased $204 million, or 15 percent, to $1.530 billion. Organic revenue growth was five percent overall and eight percent for the subscription-based portion of the business. Acquisitions added 11 percent, and foreign currency movements decreased revenue by one percent during fiscal year 2012. The Americas segment grew its revenue during the year ended November 30, 2012, by $114 million, or 14 percent, to $912 million. The EMEA segment increased its fiscal year 2012 revenue by $59 million, or 15 percent, to $443 million. The APAC segment increased its revenue by $31 million, or 22 percent, to $174 million, during fiscal 2012.
Adjusted EBITDA for fiscal 2012 increased $84 million, or 21 percent, to $485 million. Operating income increased $35 million, or 20 percent, year-over-year to $207 million. Americas’ operating income was $263 million, up $38 million, or 17 percent, over the prior-year period. EMEA grew its fiscal year 2012 operating income to $95 million, up $13 million, or 16 percent, over the prior year. APAC’s operating income was $46 million, an increase of $2 million, or four percent, over last year.
Excluding a $57 million pension funding contribution, IHS generated $371 million of cash flow from operations during the year ended November 30, 2012, representing a nine percent increase over last year's $342 million.
IHS ended fourth quarter 2012 with $345 million of cash and cash equivalents and $1.061 billion of debt.