Archrock (AROC) FY2013 results: revenue $863 million, down 69.1% on the year
Archrock, Inc. (AROC) reported revenue of $863 million for fiscal 2013, the year ended 31 December 2013, down 69.1% on the year before. Net income was $94 million, and diluted earnings per share $1.46. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$863 million
-69.1% on the year
FY2008FY2013
Operating margin
n/a
FY2008FY2013
Net income
$94 million
FY2008FY2013
Diluted EPS
$1.46
FY2008FY2013
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
863
2,794
2,613
-69.1%
Cost of revenue
2,197
1,965
1,892
+11.8%
Gross profit
n/a
829
720
Gross margin
n/a
29.7%
27.6%
Selling, general and administrative
119
376
352
-68.4%
Operating income
n/a
n/a
-418
Operating margin
n/a
n/a
-16.0%
Interest expense
112
134
149
-16.5%
Pre-tax income
-20.9
-119
-343
Income tax
-17.8
-45.8
-11.7
Net income
94.0
-39.5
-341
Net margin
10.9%
-1.4%
-13.0%
Diluted EPS
$1.46
-$0.62
-$5.44
$ 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
356
390
120
-8.8%
Capital expenditure
292
429
272
-32.0%
Free cash flow
64.2
-38.8
-152
Free cash flow margin
7.4%
-1.4%
-5.8%
Cash from investing
-196
-205
-239
Cash from financing
-157
-171
99.3
Depreciation and amortisation
187
346
353
-45.8%
Share-based compensation
6.4
15.4
20.0
-58.3%
Buybacks
4.5
2.4
2.9
+87.4%
Dividends paid
0.0
n/a
n/a
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
64m
63m
63m
+1.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,662
1,479
1,437
+12.4%
Non-controlling interest
151
224
243
-32.3%
Debt
1,502
1,599
1,773
-6.1%
Other liabilities
912
953
908
-4.4%
Total liabilities and equity
4,227
4,255
4,361
-0.7%
Fixed assets
2,820
2,842
2,912
-0.8%
Goodwill
n/a
n/a
0.0
Intangible assets
69.2
85.0
135
-18.5%
Cash and equivalents
0.5
0.4
21.9
+8.5%
Receivables
477
451
449
+5.8%
Inventory
414
386
342
+7.1%
Other assets
446
490
501
-9.0%
Total assets
4,227
4,255
4,361
-0.7%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.