Amphenol (APH) FY2014 results: revenue $5.3 billion, up 15.8% on the year
Amphenol Corp. (APH) reported revenue of $5.3 billion for fiscal 2014, the year ended 31 December 2014, up 15.8% on the year before. Net income was $709 million, up 11.6%, and diluted earnings per share $0.28. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2015.
Revenue
$5.3 billion
+15.8% on the year
FY2007FY2014
Operating margin
19.4%
19.4% a year earlier
FY2007FY2014
Net income
$709 million
+11.6% on the year
FY2007FY2014
Diluted EPS
$0.28
+12.7% on the year
FY2007FY2014
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
5,346
4,615
4,292
+15.8%
Cost of revenue
3,652
3,164
2,949
+15.4%
Gross profit
1,694
1,451
1,343
+16.7%
Gross margin
31.7%
31.4%
31.3%
Research and development
115
103
92.5
+11.0%
Selling, general and administrative
645
548
513
+17.7%
Operating income
1,035
897
828
+15.4%
Operating margin
19.4%
19.4%
19.3%
Interest expense
80.4
63.6
59.6
+26.5%
Pre-tax income
972
847
779
+14.9%
Income tax
257
208
219
+23.8%
Effective tax rate
26.5%
24.6%
28.2%
Net income
709
636
555
+11.6%
Net margin
13.3%
13.8%
12.9%
Diluted EPS
$0.28
$0.24
$0.21
+12.7%
$ 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
881
769
675
+14.5%
Capital expenditure
209
158
129
+32.0%
Free cash flow
672
611
546
+10.0%
Free cash flow margin
12.6%
13.2%
12.7%
Depreciation and amortisation
168
136
122
+23.2%
Share-based compensation
41.4
36.1
31.4
+14.8%
Buybacks
539
325
380
+66.1%
Dividends paid
102
96.8
70.1
+5.3%
Dividend per share
$0.06
$0.04
$0.03
+47.8%
Diluted shares, weighted
2,563m
2,596m
2,623m
-1.3%
Shares outstanding at period end
2,479m
2,531m
2,558m
-2.1%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
2,907
2,860
2,430
+1.7%
Non-controlling interest
30.5
20.6
12.2
+48.3%
Debt
2,656
2,133
1,706
+24.5%
Other liabilities
1,392
1,155
1,067
+20.5%
Total liabilities and equity
6,986
6,168
5,215
+13.3%
Fixed assets
591
532
417
+10.9%
Goodwill
2,617
2,289
1,933
+14.3%
Intangible assets
236
n/a
n/a
Investments
361
305
252
+18.1%
Cash and equivalents
969
887
691
+9.3%
Receivables
1,124
1,001
911
+12.3%
Inventory
866
793
734
+9.2%
Other assets
224
361
278
-37.9%
Total assets
6,986
6,168
5,215
+13.3%
10-K for the year ended 31 December 2014, filed 20 February 2015: the filing.