Chesapeake Utilities (CPK) FY2014 results: revenue $499 million, up 12.3% on the year
Chesapeake Utilities Corp. (CPK) reported revenue of $499 million for fiscal 2014, the year ended 31 December 2014, up 12.3% on the year before. Net income was $36 million, up 10.1%, and diluted earnings per share $2.47. The figures are the company's own, from the 10-K it filed with the SEC on 5 March 2015.
Revenue
$499 million
+12.3% on the year
FY2009FY2014
Operating margin
12.5%
14.1% a year earlier
FY2009FY2014
Net income
$36 million
+10.1% on the year
FY2009FY2014
Diluted EPS
$2.47
+9.3% 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
499
444
393
+12.3%
Operating income
62.3
62.7
56.6
-0.7%
Operating margin
12.5%
14.1%
14.4%
Interest expense
9.5
8.2
8.7
+15.2%
Pre-tax income
60.0
54.9
48.2
+9.4%
Income tax
23.9
22.1
19.3
+8.4%
Effective tax rate
39.9%
40.2%
40.1%
Net income
36.1
32.8
28.9
+10.1%
Net margin
7.2%
7.4%
7.4%
Diluted EPS
$2.47
$2.26
$1.99
+9.3%
$ 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
73.7
72.9
66.6
+1.1%
Capital expenditure
91.6
97.1
72.8
-5.7%
Free cash flow
-17.9
-24.2
-6.1
Free cash flow margin
-3.6%
-5.4%
-1.6%
Cash from investing
-81.0
-115
-70.6
Cash from financing
8.5
41.8
4.7
-79.6%
Depreciation and amortisation
26.3
24.0
22.5
+9.8%
Share-based compensation
2.0
1.6
1.4
+20.0%
Dividends paid
13.9
13.1
12.3
+6.2%
Dividend per share
$1.07
$1.01
$0.96
+5.3%
Diluted shares, weighted
15m
15m
15m
+0.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
300
279
257
+7.7%
Debt
256
235
171
+9.0%
Other liabilities
348
324
306
+7.5%
Total liabilities and equity
904
838
734
+8.0%
Fixed assets
690
631
542
+9.3%
Goodwill
5.0
4.4
4.1
+13.7%
Intangible assets
2.4
3.0
2.8
-19.2%
Cash and equivalents
4.6
3.4
3.4
+36.3%
Receivables
53.3
75.3
53.8
-29.2%
Other assets
149
120
128
+24.3%
Total assets
904
838
734
+8.0%
10-K for the year ended 31 December 2014, filed 5 March 2015: the filing.