Artivion (AORT) FY2014 results: revenue $145 million, up 2.8% on the year
Artivion, Inc. (AORT) reported revenue of $145 million for fiscal 2014, the year ended 31 December 2014, up 2.8% on the year before. Net income was $7 million, down 54.7%, and diluted earnings per share $0.25. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2015.
Revenue
$145 million
+2.8% on the year
FY2009FY2014
Operating margin
6.1%
9.8% a year earlier
FY2009FY2014
Net income
$7 million
-54.7% on the year
FY2009FY2014
Diluted EPS
$0.25
-56.1% 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
145
141
132
+2.8%
Cost of revenue
53.4
50.4
46.7
+5.9%
Gross profit
91.3
90.4
85.0
+1.0%
Gross margin
63.1%
64.2%
64.5%
Research and development
8.7
8.5
7.3
+2.9%
Selling, general and administrative
73.8
68.1
65.1
+8.3%
Operating income
8.8
13.8
12.6
-36.0%
Operating margin
6.1%
9.8%
9.6%
Interest expense
0.2
0.1
0.2
+146.5%
Pre-tax income
8.7
23.3
12.1
-62.6%
Income tax
1.4
7.1
4.1
-80.6%
Effective tax rate
15.9%
30.6%
34.1%
Net income
7.3
16.2
7.9
-54.7%
Net margin
5.1%
11.5%
6.0%
Diluted EPS
$0.25
$0.57
$0.28
-56.1%
$ 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
8.1
16.8
19.0
-51.6%
Capital expenditure
4.3
4.3
3.1
-0.6%
Free cash flow
3.8
12.4
15.9
-69.4%
Free cash flow margin
2.6%
8.8%
12.1%
Cash from investing
n/a
n/a
-22.9
Cash from financing
n/a
n/a
-4.7
Depreciation and amortisation
6.0
5.8
5.6
+3.2%
Share-based compensation
3.4
3.2
3.2
+6.0%
Buybacks
5.6
1.5
3.3
+266.9%
Dividends paid
3.3
3.0
1.4
+11.1%
Dividend per share
$0.12
$0.11
$0.05
+9.3%
Diluted shares, weighted
28m
28m
27m
+2.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
149
145
128
+2.7%
Debt
0.0
0.0
0.0
Other liabilities
27.5
29.9
29.0
-8.2%
Total liabilities and equity
176
175
157
+0.8%
Fixed assets
12.0
12.2
11.7
-1.4%
Goodwill
11.4
11.4
11.4
0.0%
Intangible assets
11.8
9.4
9.6
+25.2%
Cash and equivalents
33.4
37.6
13.0
-11.3%
Receivables
21.1
17.8
15.9
+18.1%
Inventory
12.7
9.8
10.6
+30.4%
Other assets
73.8
76.5
85.0
-3.5%
Total assets
176
175
157
+0.8%
10-K for the year ended 31 December 2014, filed 17 February 2015: the filing.