Artivion (AORT) FY2013 results: revenue $141 million, up 6.9% on the year
Artivion, Inc. (AORT) reported revenue of $141 million for fiscal 2013, the year ended 31 December 2013, up 6.9% on the year before. Net income was $16 million, up 103.5%, and diluted earnings per share $0.57. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2014.
Revenue
$141 million
+6.9% on the year
FY2009FY2013
Operating margin
9.8%
9.6% a year earlier
FY2009FY2013
Net income
$16 million
+103.5% on the year
FY2009FY2013
Diluted EPS
$0.57
+103.6% 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
141
132
120
+6.9%
Cost of revenue
50.4
46.7
43.8
+7.9%
Gross profit
90.4
85.0
75.8
+6.3%
Gross margin
64.2%
64.5%
63.4%
Research and development
8.5
7.3
6.9
+16.5%
Selling, general and administrative
68.1
65.1
57.3
+4.5%
Operating income
13.8
12.6
11.6
+9.6%
Operating margin
9.8%
9.6%
9.7%
Interest expense
0.1
0.2
0.1
-60.3%
Pre-tax income
23.3
12.1
11.5
+93.3%
Income tax
7.1
4.1
4.1
+73.4%
Effective tax rate
30.6%
34.1%
35.7%
Net income
16.2
7.9
7.4
+103.5%
Net margin
11.5%
6.0%
6.2%
Diluted EPS
$0.57
$0.28
$0.26
+103.6%
$ 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
16.8
19.0
16.8
-11.7%
Capital expenditure
4.3
3.1
2.5
+41.3%
Free cash flow
12.4
15.9
14.2
-21.9%
Free cash flow margin
8.8%
12.1%
11.9%
Cash from investing
n/a
-22.9
-27.7
Cash from financing
n/a
-4.7
-2.8
Depreciation and amortisation
5.8
5.6
5.0
+3.7%
Share-based compensation
3.2
3.2
2.8
+2.5%
Buybacks
1.5
3.3
3.1
-54.0%
Dividends paid
3.0
1.4
n/a
+116.1%
Dividend per share
$0.11
$0.05
n/a
+116.0%
Diluted shares, weighted
28m
27m
28m
+1.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
145
128
122
+13.0%
Debt
0.0
0.0
0.0
Other liabilities
29.9
29.0
26.3
+3.1%
Total liabilities and equity
175
157
148
+11.2%
Fixed assets
12.2
11.7
12.3
+4.3%
Goodwill
11.4
11.4
4.2
0.0%
Intangible assets
9.4
9.6
n/a
-2.1%
Cash and equivalents
37.6
13.0
21.7
+189.4%
Receivables
17.8
15.9
15.8
+11.9%
Inventory
9.8
10.6
7.3
-7.4%
Other assets
76.5
85.0
86.5
-10.0%
Total assets
175
157
148
+11.2%
10-K for the year ended 31 December 2013, filed 21 February 2014: the filing.