Allison Transmission Holdings (ALSN) FY2014 results: revenue $2.1 billion, up 10.4% on the year
Allison Transmission Holdings Inc. (ALSN) reported revenue of $2.1 billion for fiscal 2014, the year ended 31 December 2014, up 10.4% on the year before. Net income was $229 million, up 38.2%, and diluted earnings per share $1.25. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$2.1 billion
+10.4% on the year
FY2010FY2014
Operating margin
24.1%
21.3% a year earlier
FY2010FY2014
Net income
$229 million
+38.2% on the year
FY2010FY2014
Diluted EPS
$1.25
+42.0% on the year
FY2010FY2014
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
2,127
1,927
2,142
+10.4%
Cost of revenue
1,152
1,085
1,188
+6.1%
Gross profit
976
842
954
+15.9%
Gross margin
45.9%
43.7%
44.6%
Research and development
104
97.1
115
+6.9%
Selling, general and administrative
345
335
419
+2.9%
Operating income
512
410
420
+24.9%
Operating margin
24.1%
21.3%
19.6%
Pre-tax income
368
266
216
+38.3%
Income tax
140
101
-298
+38.5%
Effective tax rate
37.9%
37.8%
-137.8%
Net income
229
165
514
+38.2%
Net margin
10.7%
8.6%
24.0%
Diluted EPS
$1.25
$0.88
$2.76
+42.0%
$ 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
454
498
Capital expenditure
64.1
74.4
124
-13.8%
Free cash flow
n/a
379
374
Free cash flow margin
n/a
19.7%
17.4%
Cash from investing
n/a
-81.5
-139
Cash from financing
n/a
-278
-594
Depreciation and amortisation
193
204
252
-5.6%
Share-based compensation
14.7
13.7
6.4
+7.3%
Buybacks
250
99.5
n/a
+151.1%
Dividends paid
91.6
77.1
32.8
+18.8%
Dividend per share
$0.51
$0.42
$0.18
+21.4%
Diluted shares, weighted
182m
188m
186m
-3.0%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,398
1,439
1,357
-2.8%
Debt
2,520
2,678
2,821
-5.9%
Other liabilities
738
696
688
+6.1%
Total liabilities and equity
4,656
4,813
4,866
-3.2%
Fixed assets
515
563
596
-8.7%
Goodwill
1,941
1,941
1,941
0.0%
Intangible assets
1,512
1,611
1,716
-6.1%
Cash and equivalents
263
185
80.2
+42.4%
Receivables
207
175
165
+18.4%
Inventory
144
160
157
-10.5%
Other assets
74.7
177
210
-57.8%
Total assets
4,656
4,813
4,866
-3.2%
10-K for the year ended 31 December 2014, filed 24 February 2017: the filing.