Amphenol (APH) FY2013 results: revenue $4.6 billion, up 7.5% on the year
Amphenol Corp. (APH) reported revenue of $4.6 billion for fiscal 2013, the year ended 31 December 2013, up 7.5% on the year before. Net income was $636 million, up 14.5%, and diluted earnings per share $0.24. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2014.
Revenue
$4.6 billion
+7.5% on the year
FY2007FY2013
Operating margin
19.4%
19.3% a year earlier
FY2007FY2013
Net income
$636 million
+14.5% on the year
FY2007FY2013
Diluted EPS
$0.24
+15.6% on the year
FY2007FY2013
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
4,615
4,292
3,940
+7.5%
Cost of revenue
3,164
2,949
2,696
+7.3%
Gross profit
1,451
1,343
1,244
+8.0%
Gross margin
31.4%
31.3%
31.6%
Research and development
103
92.5
88.9
+11.8%
Selling, general and administrative
548
513
486
+6.9%
Operating income
897
828
752
+8.3%
Operating margin
19.4%
19.3%
19.1%
Interest expense
63.6
59.6
43.0
+6.6%
Pre-tax income
847
779
717
+8.7%
Income tax
208
219
188
-5.2%
Effective tax rate
24.6%
28.2%
26.2%
Net income
636
555
524
+14.5%
Net margin
13.8%
12.9%
13.3%
Diluted EPS
$0.24
$0.21
$0.19
+15.6%
$ 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
769
675
565
+14.0%
Capital expenditure
158
129
100
+22.7%
Free cash flow
611
546
465
+11.9%
Free cash flow margin
13.2%
12.7%
11.8%
Depreciation and amortisation
136
122
119
+12.1%
Share-based compensation
36.1
31.4
28.7
+14.8%
Buybacks
325
380
672
-14.6%
Dividends paid
96.8
70.1
10.3
+38.0%
Dividend per share
$0.04
$0.03
$0.00
+45.4%
Diluted shares, weighted
2,596m
2,623m
2,749m
-1.0%
Shares outstanding at period end
2,531m
2,558m
2,610m
-1.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,860
2,430
2,172
+17.7%
Non-controlling interest
20.6
12.2
13.0
+68.2%
Debt
2,133
1,706
1,377
+25.0%
Other liabilities
1,155
1,067
883
+8.3%
Total liabilities and equity
6,168
5,215
4,445
+18.3%
Fixed assets
532
417
381
+27.5%
Goodwill
2,289
1,933
1,746
+18.4%
Investments
305
252
134
+21.3%
Cash and equivalents
887
691
515
+28.4%
Receivables
1,001
911
767
+9.9%
Inventory
793
734
650
+8.0%
Other assets
361
278
253
+29.6%
Total assets
6,168
5,215
4,445
+18.3%
10-K for the year ended 31 December 2013, filed 21 February 2014: the filing.