Aaon (AAON) FY2013 results: revenue $321 million, up 5.9% on the year
Aaon, Inc. (AAON) reported revenue of $321 million for fiscal 2013, the year ended 31 December 2013, up 5.9% on the year before. Net income was $38 million, up 36.8%, and diluted earnings per share $0.45. The figures are the company's own, from the 10-K it filed with the SEC on 13 March 2014.
Revenue
$321 million
+5.9% on the year
FY2009FY2013
Operating margin
17.4%
14.6% a year earlier
FY2009FY2013
Net income
$38 million
+36.8% on the year
FY2009FY2013
Diluted EPS
$0.45
+36.5% on the year
FY2009FY2013
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Revenue
321
303
266
+5.9%
Cost of revenue
231
233
220
-0.5%
Gross profit
89.8
70.5
46.3
+27.4%
Gross margin
28.0%
23.3%
17.4%
Research and development
5.2
3.6
4.8
+44.4%
Selling, general and administrative
34.0
26.3
22.3
+29.4%
Operating income
55.8
44.2
22.2
+26.2%
Operating margin
17.4%
14.6%
8.3%
Interest expense
n/a
0.0
0.3
Pre-tax income
56.3
44.3
21.5
+27.0%
Income tax
18.7
16.9
7.5
+11.1%
Effective tax rate
33.3%
38.1%
35.0%
Net income
37.5
27.4
14.0
+36.8%
Net margin
11.7%
9.1%
5.3%
Diluted EPS
$0.45
$0.33
$0.17
+36.5%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
53.6
51.2
26.5
+4.7%
Capital expenditure
9.0
14.1
35.9
-36.1%
Free cash flow
44.6
37.0
-9.4
+20.3%
Free cash flow margin
13.9%
12.2%
-3.5%
Cash from investing
n/a
-30.3
-24.5
Cash from financing
n/a
-17.7
-4.3
Share-based compensation
1.8
1.3
0.7
+36.2%
Dividends paid
7.4
8.8
5.9
-15.9%
Dividend per share
$0.09
$0.11
$0.07
-16.7%
Diluted shares, weighted
83m
83m
84m
+0.0%
Shares outstanding at period end
83m
83m
83m
-0.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
164
138
123
+18.8%
Debt
0.0
0.0
4.6
Other liabilities
51.3
55.4
51.9
-7.3%
Total liabilities and equity
215
193
179
+11.3%
Fixed assets
87.3
90.7
93.5
-3.8%
Securities held for sale or to maturity
27.0
10.9
0.0
+148.5%
Cash and equivalents
12.1
3.2
0.0
+282.6%
Receivables
39.1
43.9
34.1
-10.9%
Inventory
32.1
32.6
34.9
-1.5%
Other assets
17.9
12.3
16.4
+45.3%
Total assets
215
193
179
+11.3%
10-K for the year ended 31 December 2013, filed 13 March 2014: the filing.