Aaon (AAON) FY2014 results: revenue $356 million, up 11.0% on the year
Aaon, Inc. (AAON) reported revenue of $356 million for fiscal 2014, the year ended 31 December 2014, up 11.0% on the year before. Net income was $44 million, up 17.6%, and diluted earnings per share $0.53. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$356 million
+11.0% on the year
FY2009FY2014
Operating margin
19.1%
17.4% a year earlier
FY2009FY2014
Net income
$44 million
+17.6% on the year
FY2009FY2014
Diluted EPS
$0.53
+18.8% on the year
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Revenue
356
321
303
+11.0%
Cost of revenue
248
231
233
+7.2%
Gross profit
108
89.8
70.5
+20.6%
Gross margin
30.4%
28.0%
23.3%
Research and development
6.3
5.2
3.6
+21.2%
Selling, general and administrative
40.6
34.0
26.3
+19.3%
Operating income
68.0
55.8
44.2
+21.8%
Operating margin
19.1%
17.4%
14.6%
Interest expense
n/a
n/a
0.0
Pre-tax income
68.2
56.3
44.3
+21.2%
Income tax
24.1
18.7
16.9
+28.5%
Effective tax rate
35.3%
33.3%
38.1%
Net income
44.2
37.5
27.4
+17.6%
Net margin
12.4%
11.7%
9.1%
Diluted EPS
$0.53
$0.45
$0.33
+18.8%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
n/a
53.6
51.2
Capital expenditure
16.1
9.0
14.1
+78.4%
Free cash flow
n/a
44.6
37.0
Free cash flow margin
n/a
13.9%
12.2%
Cash from investing
n/a
n/a
-30.3
Cash from financing
n/a
n/a
-17.7
Share-based compensation
2.2
1.8
1.3
+23.5%
Dividends paid
9.7
7.4
8.8
+31.1%
Dividend per share
$0.12
$0.09
$0.11
+35.0%
Diluted shares, weighted
83m
83m
83m
-0.4%
Shares outstanding at period end
81m
83m
83m
-1.9%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
174
164
138
+6.1%
Debt
n/a
0.0
0.0
Other liabilities
52.9
51.3
55.4
+3.1%
Total liabilities and equity
227
215
193
+5.4%
Fixed assets
91.9
87.3
90.7
+5.3%
Securities held for sale or to maturity
16.0
27.0
10.9
-40.8%
Cash and equivalents
22.0
12.1
3.2
+81.6%
Receivables
44.1
39.1
43.9
+12.9%
Inventory
37.6
32.1
32.6
+17.0%
Other assets
15.4
17.9
12.3
-13.7%
Total assets
227
215
193
+5.4%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.