Copart (CPRT) FY2014 results: revenue $1.2 billion, up 11.2% on the year
Copart Inc. (CPRT) reported revenue of $1.2 billion for fiscal 2014, the year ended 31 July 2014, up 11.2% on the year before. Net income was $179 million, down 0.7%, and diluted earnings per share $0.17. The figures are the company's own, from the 10-K it filed with the SEC on 28 September 2016.
Revenue
$1.2 billion
+11.2% on the year
FY2009FY2014
Operating margin
23.6%
27.0% a year earlier
FY2009FY2014
Net income
$179 million
-0.7% on the year
FY2009FY2014
Diluted EPS
$0.17
-2.1% 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
1,163
1,046
924
+11.2%
Cost of revenue
174
167
137
+4.3%
Gross profit
989
879
787
+12.5%
Gross margin
85.0%
84.0%
85.2%
Operating income
275
283
286
-2.8%
Operating margin
23.6%
27.0%
31.0%
Interest expense
8.8
10.3
11.3
-14.6%
Pre-tax income
270
277
278
-2.5%
Income tax
91.3
96.8
95.9
-5.7%
Effective tax rate
33.8%
35.0%
34.5%
Net income
179
180
182
-0.7%
Net margin
15.4%
17.2%
19.7%
Diluted EPS
$0.17
$0.17
$0.17
-2.1%
$ 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
263
199
230
+31.7%
Capital expenditure
81.5
130
54.8
-37.4%
Free cash flow
181
69.1
175
+162.2%
Free cash flow margin
15.6%
6.6%
18.9%
Depreciation and amortisation
53.7
56.7
48.2
-5.3%
Share-based compensation
22.1
19.6
21.8
+13.0%
Buybacks
0.6
15.0
203
-96.2%
Diluted shares, weighted
1,050m
1,038m
1,051m
+1.1%
Shares outstanding at period end
1,009m
1,004m
995m
+0.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,003
762
561
+31.6%
Debt
303
372
444
-18.7%
Other liabilities
200
200
150
+0.4%
Total liabilities and equity
1,507
1,334
1,155
+12.9%
Fixed assets
692
678
587
+2.2%
Goodwill
284
267
196
+6.1%
Intangible assets
25.2
17.7
8.0
+42.6%
Cash and equivalents
159
63.6
140
+149.4%
Receivables
197
183
138
+7.8%
Inventory
7.3
10.7
8.5
-32.4%
Other assets
142
115
77.0
+24.2%
Total assets
1,507
1,334
1,155
+12.9%
10-K for the year ended 31 July 2014, filed 28 September 2016: the filing.