Atmos Energy (ATO) FY2014 results: revenue $3.2 billion, down 16.3% on the year
Atmos Energy Corp. (ATO) reported revenue of $3.2 billion for fiscal 2014, the year ended 30 September 2014, down 16.3% on the year before. Net income was $290 million, up 19.2%, and diluted earnings per share $2.96. The figures are the company's own, from the 10-K it filed with the SEC on 6 November 2014.
Revenue
$3.2 billion
-16.3% on the year
FY2009FY2014
Operating margin
17.8%
13.0% a year earlier
FY2009FY2014
Net income
$290 million
+19.2% on the year
FY2009FY2014
Diluted EPS
$2.96
+12.1% on the year
FY2009FY2014
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
3,244
3,875
3,438
-16.3%
Gross profit
1,522
1,412
1,324
+7.8%
Gross margin
46.9%
36.4%
38.5%
Operating income
577
502
446
+15.0%
Operating margin
17.8%
13.0%
13.0%
Interest expense
129
128
141
+0.7%
Pre-tax income
445
373
290
+19.2%
Income tax
175
143
98.2
+22.4%
Effective tax rate
39.2%
38.2%
33.8%
Net income
290
243
217
+19.2%
Net margin
8.9%
6.3%
6.3%
Diluted EPS
$2.96
$2.64
$2.37
+12.1%
$ 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
733
613
587
+19.5%
Capital expenditure
824
845
733
-2.4%
Free cash flow
-91.6
-232
-146
Free cash flow margin
-2.8%
-6.0%
-4.2%
Cash from investing
-825
-697
-609
Cash from financing
68.2
85.7
-44.8
-20.4%
Depreciation and amortisation
254
235
238
+8.0%
Share-based compensation
14.7
17.8
19.2
-17.4%
Dividends paid
146
128
126
+14.2%
Dividend per share
$1.48
$1.40
$1.38
+5.7%
Diluted shares, weighted
98m
92m
91m
+6.4%
Shares outstanding at period end
100m
91m
n/a
+10.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
3,086
2,580
2,359
+19.6%
Debt
2,653
2,824
2,527
-6.1%
Other liabilities
2,856
2,536
2,609
+12.6%
Total liabilities and equity
8,595
7,940
7,496
+8.2%
Fixed assets
6,726
6,031
5,476
+11.5%
Goodwill
742
741
741
+0.1%
Intangible assets
n/a
0.1
0.2
Securities held for sale or to maturity
n/a
n/a
22.6
Cash and equivalents
42.3
66.2
64.2
-36.2%
Receivables
343
302
235
+13.7%
Other assets
741
800
958
-7.4%
Total assets
8,595
7,940
7,496
+8.2%
10-K for the year ended 30 September 2014, filed 6 November 2014: the filing.