Dauch (DCH) FY2013 results: revenue $3.2 billion, up 9.4% on the year
Dauch Corp. (DCH) reported revenue of $3.2 billion for fiscal 2013, the year ended 31 December 2013, up 9.4% on the year before. Net income was $94 million, down 74.3%, and diluted earnings per share $1.23. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2014.
Revenue
$3.2 billion
+9.4% on the year
FY2010FY2013
Operating margin
7.5%
5.3% a year earlier
FY2010FY2013
Net income
$94 million
-74.3% on the year
FY2010FY2013
Diluted EPS
$1.23
-74.7% on the year
FY2010FY2013
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
3,207
2,931
2,585
+9.4%
Cost of revenue
2,729
2,531
2,130
+7.8%
Gross profit
479
400
455
+19.8%
Gross margin
14.9%
13.6%
17.6%
Research and development
103
123
114
-16.2%
Selling, general and administrative
238
243
232
-2.0%
Operating income
240
156
223
+53.6%
Operating margin
7.5%
5.3%
8.6%
Interest expense
116
102
83.9
+14.1%
Pre-tax income
86.3
31.5
138
+174.0%
Income tax
-8.2
-335
1.0
Effective tax rate
-9.5%
-1064.1%
0.7%
Net income
94.5
368
143
-74.3%
Net margin
2.9%
12.5%
5.5%
Diluted EPS
$1.23
$4.87
$1.89
-74.7%
$ 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
223
-176
-56.3
Capital expenditure
252
208
163
+21.3%
Free cash flow
-28.9
-383
-219
Free cash flow margin
-0.9%
-13.1%
-8.5%
Cash from investing
-219
-185
-184
Cash from financing
88.8
254
167
-65.0%
Depreciation and amortisation
177
152
139
+16.3%
Share-based compensation
10.8
2.4
4.5
+350.0%
Buybacks
0.4
5.9
0.1
-93.2%
Diluted shares, weighted
77m
75m
75m
+1.9%
Shares outstanding at period end
76m
n/a
n/a
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
40.5
-121
-426
Non-controlling interest
0.0
0.0
5.9
Debt
1,559
1,454
1,180
+7.2%
Other liabilities
1,429
1,533
1,568
-6.7%
Total liabilities and equity
3,029
2,866
2,329
+5.7%
Fixed assets
1,058
1,010
971
+4.8%
Goodwill
156
156
156
0.0%
Cash and equivalents
154
62.4
169
+146.8%
Receivables
458
463
333
-1.1%
Inventory
262
224
177
+16.7%
Other assets
940
950
522
-1.1%
Total assets
3,029
2,866
2,329
+5.7%
10-K for the year ended 31 December 2013, filed 7 February 2014: the filing.