Archrock (AROC) FY2014 results: revenue $959 million, up 11.2% on the year
Archrock, Inc. (AROC) reported revenue of $959 million for fiscal 2014, the year ended 31 December 2014, up 11.2% on the year before. Net income was $61 million, down 35.2%, and diluted earnings per share $0.91. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$959 million
+11.2% on the year
FY2008FY2014
Operating margin
n/a
FY2008FY2014
Net income
$61 million
-35.2% on the year
FY2008FY2014
Diluted EPS
$0.91
-37.7% on the year
FY2008FY2014
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
959
863
2,794
+11.2%
Cost of revenue
1,868
2,197
1,965
-15.0%
Gross profit
n/a
n/a
829
Gross margin
n/a
n/a
29.7%
Selling, general and administrative
133
119
376
+11.6%
Interest expense
112
112
134
+0.1%
Pre-tax income
-45.2
-20.9
-119
Income tax
-28.1
-17.8
-45.8
Net income
60.9
94.0
-39.5
-35.2%
Net margin
6.4%
10.9%
-1.4%
Diluted EPS
$0.91
$1.46
-$0.62
-37.7%
$ 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
379
356
390
+6.7%
Capital expenditure
384
292
429
+31.7%
Free cash flow
-4.5
64.2
-38.8
Free cash flow margin
-0.5%
7.4%
-1.4%
Cash from investing
-930
-196
-205
Cash from financing
558
-157
-171
Depreciation and amortisation
212
187
346
+13.2%
Share-based compensation
9.0
6.4
15.4
+40.2%
Buybacks
7.0
4.5
2.4
+55.2%
Dividends paid
40.3
0.0
n/a
Dividend per share
$0.60
$0.00
n/a
Diluted shares, weighted
66m
64m
63m
+2.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,710
1,662
1,479
+2.9%
Non-controlling interest
156
151
224
+2.9%
Debt
2,027
1,502
1,599
+34.9%
Other liabilities
1,001
912
953
+9.8%
Total liabilities and equity
4,893
4,227
4,255
+15.8%
Fixed assets
2,372
2,820
2,842
-15.9%
Goodwill
3.7
n/a
n/a
Intangible assets
118
69.2
85.0
+70.3%
Cash and equivalents
0.4
0.5
0.4
-19.7%
Receivables
160
477
451
-66.4%
Inventory
146
414
386
-64.8%
Other assets
2,093
446
490
+368.9%
Total assets
4,893
4,227
4,255
+15.8%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.