Chesapeake Utilities (CPK) FY2013 results: revenue $444 million, up 13.2% on the year
Chesapeake Utilities Corp. (CPK) reported revenue of $444 million for fiscal 2013, the year ended 31 December 2013, up 13.2% on the year before. Net income was $33 million, up 13.6%, and diluted earnings per share $2.26. The figures are the company's own, from the 10-K it filed with the SEC on 6 March 2014.
Revenue
$444 million
+13.2% on the year
FY2009FY2013
Operating margin
14.1%
14.4% a year earlier
FY2009FY2013
Net income
$33 million
+13.6% on the year
FY2009FY2013
Diluted EPS
$2.26
+13.4% on the year
FY2009FY2013
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
444
393
418
+13.2%
Operating income
62.7
56.6
53.7
+10.8%
Operating margin
14.1%
14.4%
12.8%
Interest expense
8.2
8.7
9.0
-5.9%
Pre-tax income
54.9
48.2
45.6
+13.9%
Income tax
22.1
19.3
18.0
+14.5%
Effective tax rate
40.2%
40.1%
39.4%
Net income
32.8
28.9
27.6
+13.6%
Net margin
7.4%
7.4%
6.6%
Diluted EPS
$2.26
$1.99
$1.91
+13.4%
$ 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
72.9
66.6
71.1
+9.4%
Capital expenditure
97.1
72.8
47.0
+33.5%
Free cash flow
-24.2
-6.1
24.1
Free cash flow margin
-5.4%
-1.6%
5.8%
Cash from investing
-115
-70.6
-47.8
Cash from financing
41.8
4.7
-22.3
+793.9%
Depreciation and amortisation
24.0
22.5
20.2
+6.5%
Share-based compensation
1.6
1.4
1.4
+14.9%
Dividends paid
13.1
12.3
11.7
+6.0%
Dividend per share
$1.01
$0.96
$0.91
+5.6%
Diluted shares, weighted
15m
15m
14m
+0.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
279
257
241
+8.6%
Debt
235
171
153
+37.0%
Other liabilities
324
306
315
+6.0%
Total liabilities and equity
838
734
709
+14.1%
Fixed assets
631
542
488
+16.5%
Goodwill
4.4
4.1
4.1
+6.5%
Intangible assets
3.0
2.8
3.1
+6.3%
Cash and equivalents
3.4
3.4
3.4
-0.1%
Receivables
75.3
53.8
76.6
+40.0%
Other assets
120
128
134
-6.0%
Total assets
838
734
709
+14.1%
10-K for the year ended 31 December 2013, filed 6 March 2014: the filing.