Cooper Companies (COO) FY2014 results: revenue $1.7 billion, up 8.2% on the year
Cooper Companies, Inc. (COO) reported revenue of $1.7 billion for fiscal 2014, the year ended 31 October 2014, up 8.2% on the year before. Net income was $270 million, down 8.9%, and diluted earnings per share $1.38. The figures are the company's own, from the 10-K it filed with the SEC on 19 December 2014.
Revenue
$1.7 billion
+8.2% on the year
FY2008FY2014
Operating margin
17.8%
19.3% a year earlier
FY2008FY2014
Net income
$270 million
-8.9% on the year
FY2008FY2014
Diluted EPS
$1.38
-7.6% 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
1,718
1,588
1,445
+8.2%
Cost of revenue
626
561
521
+11.6%
Gross profit
1,092
1,027
924
+6.3%
Gross margin
63.5%
64.7%
63.9%
Research and development
66.3
58.8
51.7
+12.6%
Selling, general and administrative
683
611
565
+11.9%
Operating income
306
306
283
+0.2%
Operating margin
17.8%
19.3%
19.6%
Interest expense
8.0
9.2
11.8
-13.1%
Pre-tax income
297
312
275
-5.0%
Income tax
24.7
15.4
26.8
+60.8%
Effective tax rate
8.3%
4.9%
9.7%
Net income
270
296
248
-8.9%
Net margin
15.7%
18.7%
17.2%
Diluted EPS
$1.38
$1.49
$1.26
-7.6%
$ 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
455
416
315
+9.4%
Capital expenditure
238
178
99.8
+33.6%
Free cash flow
217
238
215
-8.8%
Free cash flow margin
12.6%
15.0%
14.9%
Cash from investing
-1,346
-190
-238
Cash from financing
842
-162
-68.4
Depreciation and amortisation
138
125
111
+10.3%
Share-based compensation
36.5
28.5
21.5
+28.0%
Buybacks
75.8
167
71.2
-54.7%
Dividends paid
2.9
2.9
2.9
-1.2%
Dividend per share
$0.01
$0.01
$0.01
0.0%
Diluted shares, weighted
196m
199m
197m
-1.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
2,570
2,405
2,193
+6.9%
Non-controlling interest
18.6
19.0
20.4
-2.1%
Debt
1,382
345
374
+301.1%
Other liabilities
488
369
355
+32.1%
Total liabilities and equity
4,458
3,137
2,941
+42.1%
Fixed assets
937
740
640
+26.7%
Goodwill
2,221
1,388
1,370
+60.1%
Intangible assets
454
199
215
+128.2%
Cash and equivalents
25.2
77.4
12.8
-67.4%
Receivables
276
230
234
+20.4%
Inventory
381
339
320
+12.6%
Other assets
164
165
149
-1.0%
Total assets
4,458
3,137
2,941
+42.1%
10-K for the year ended 31 October 2014, filed 19 December 2014: the filing.