Astec Industries (ASTE) FY2013 results: revenue $933 million, down 0.3% on the year
Astec Industries Inc. (ASTE) reported revenue of $933 million for fiscal 2013, the year ended 31 December 2013, down 0.3% on the year before. Net income was $39 million, down 4.4%, and diluted earnings per share $1.69. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$933 million
-0.3% on the year
FY2008FY2013
Operating margin
6.0%
5.5% a year earlier
FY2008FY2013
Net income
$39 million
-4.4% on the year
FY2008FY2013
Diluted EPS
$1.69
-4.5% on the year
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
933
936
909
-0.3%
Cost of revenue
726
729
697
-0.5%
Gross profit
207
208
212
-0.4%
Gross margin
22.2%
22.2%
23.3%
Research and development
18.1
20.5
20.8
-11.8%
Operating income
55.7
51.1
58.4
+8.9%
Operating margin
6.0%
5.5%
6.4%
Interest expense
0.4
0.3
0.2
+24.8%
Pre-tax income
58.2
64.2
80.0
-9.3%
Income tax
19.0
19.5
19.7
-2.4%
Effective tax rate
32.7%
30.4%
24.7%
Net income
39.0
40.8
40.6
-4.4%
Net margin
4.2%
4.4%
4.5%
Diluted EPS
$1.69
$1.77
$1.76
-4.5%
$ 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
5.9
28.6
32.3
-79.5%
Capital expenditure
27.7
26.0
36.1
+6.4%
Free cash flow
-21.8
2.6
-3.8
Free cash flow margin
-2.3%
0.3%
-0.4%
Cash from investing
-42.2
17.3
-68.8
Cash from financing
-6.6
-22.5
0.9
Depreciation and amortisation
22.3
23.0
19.3
-3.4%
Share-based compensation
1.5
1.3
2.8
+13.7%
Dividends paid
6.9
22.8
0.0
-69.9%
Dividend per share
n/a
$1.00
n/a
Diluted shares, weighted
23m
23m
23m
+0.1%
Shares outstanding at period end
23m
23m
23m
+0.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
577
549
529
+5.1%
Non-controlling interest
3.6
1.6
0.6
+121.1%
Short-term borrowings
0.0
n/a
n/a
Debt
0.5
0.0
0.0
Other liabilities
168
178
191
-5.5%
Total liabilities and equity
749
729
720
+2.8%
Fixed assets
185
183
188
+0.9%
Goodwill
15.1
15.0
15.0
+0.3%
Intangible assets
6.5
7.8
9.8
-16.4%
Investments
29.3
11.6
9.7
+153.0%
Trading assets
29.3
11.6
9.7
+153.0%
Cash and equivalents
35.6
80.9
57.5
-56.1%
Receivables
92.1
85.6
97.9
+7.5%
Inventory
342
313
299
+9.5%
Other assets
14.7
20.8
33.1
-29.1%
Total assets
749
729
720
+2.8%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.