Century Aluminum (CENX) FY2014 results: revenue $1.9 billion, up 32.8% on the year
Century Aluminum Co. (CENX) reported revenue of $1.9 billion for fiscal 2014, the year ended 31 December 2014, up 32.8% on the year before. Net income was $126 million, and diluted earnings per share $1.15. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$1.9 billion
+32.8% on the year
FY2009FY2014
Operating margin
7.3%
-2.5% a year earlier
FY2009FY2014
Net income
$126 million
FY2009FY2014
Diluted EPS
$1.15
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
1,931
1,454
1,272
+32.8%
Cost of revenue
1,729
1,415
1,226
+22.2%
Gross profit
202
39.5
46.3
+410.6%
Gross margin
10.5%
2.7%
3.6%
Selling, general and administrative
49.2
67.5
35.4
-27.1%
Operating income
140
-36.6
-7.3
Operating margin
7.3%
-2.5%
-0.6%
Interest expense
22.0
23.1
24.0
-4.7%
Pre-tax income
143
-39.8
-29.3
Income tax
18.3
3.1
8.9
+484.7%
Effective tax rate
12.8%
n/a
n/a
Net income
126
-40.3
-35.6
Net margin
6.5%
-2.8%
-2.8%
Diluted EPS
$1.15
-$0.45
-$0.40
$ 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
208
19.7
37.1
+953.3%
Capital expenditure
55.1
68.1
17.7
-19.0%
Free cash flow
153
-48.4
19.5
Free cash flow margin
7.9%
-3.3%
1.5%
Cash from investing
-120
-117
-32.5
Cash from financing
-8.2
-2.4
-4.0
Depreciation and amortisation
70.7
66.6
62.6
+6.3%
Share-based compensation
1.3
1.1
0.6
+23.7%
Buybacks
0.0
0.0
4.0
Diluted shares, weighted
89m
n/a
n/a
Shares outstanding at period end
89m
89m
89m
+0.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,096
994
983
+10.3%
Debt
255
263
274
-3.1%
Other liabilities
674
553
520
+21.8%
Total liabilities and equity
2,025
1,810
1,776
+11.9%
Fixed assets
1,306
1,248
1,188
+4.6%
Cash and equivalents
163
84.1
184
+94.1%
Receivables
77.7
56.2
50.7
+38.2%
Inventory
283
240
160
+18.3%
Other assets
195
183
194
+6.8%
Total assets
2,025
1,810
1,776
+11.9%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.