Dauch (DCH) FY2014 results: revenue $3.7 billion, up 15.2% on the year
Dauch Corp. (DCH) reported revenue of $3.7 billion for fiscal 2014, the year ended 31 December 2014, up 15.2% on the year before. Net income was $143 million, up 51.3%, and diluted earnings per share $1.85. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2015.
Revenue
$3.7 billion
+15.2% on the year
FY2010FY2014
Operating margin
7.2%
7.5% a year earlier
FY2010FY2014
Net income
$143 million
+51.3% on the year
FY2010FY2014
Diluted EPS
$1.85
+50.4% on the year
FY2010FY2014
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
3,696
3,207
2,931
+15.2%
Cost of revenue
3,173
2,729
2,531
+16.3%
Gross profit
523
479
400
+9.2%
Gross margin
14.1%
14.9%
13.6%
Research and development
104
103
123
+0.5%
Selling, general and administrative
255
238
243
+7.0%
Operating income
268
240
156
+11.4%
Operating margin
7.2%
7.5%
5.3%
Interest expense
99.9
116
102
-13.8%
Pre-tax income
177
86.3
31.5
+104.8%
Income tax
33.7
-8.2
-335
Effective tax rate
19.1%
-9.5%
-1064.1%
Net income
143
94.5
368
+51.3%
Net margin
3.9%
2.9%
12.5%
Diluted EPS
$1.85
$1.23
$4.87
+50.4%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
318
223
-176
+42.8%
Capital expenditure
206
252
208
-18.0%
Free cash flow
112
-28.9
-383
Free cash flow margin
3.0%
-0.9%
-13.1%
Cash from investing
-195
-219
-185
Cash from financing
-21.4
88.8
254
Depreciation and amortisation
200
177
152
+12.9%
Share-based compensation
9.7
10.8
2.4
-10.2%
Buybacks
0.3
0.4
5.9
-25.0%
Diluted shares, weighted
76m
77m
75m
-1.2%
Shares outstanding at period end
76m
76m
n/a
+0.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
113
40.5
-121
+180.0%
Non-controlling interest
0.0
0.0
0.0
Debt
1,536
1,559
1,454
-1.5%
Other liabilities
1,591
1,429
1,533
+11.3%
Total liabilities and equity
3,240
3,029
2,866
+7.0%
Fixed assets
1,061
1,058
1,010
+0.2%
Goodwill
155
156
156
-0.9%
Cash and equivalents
249
154
62.4
+61.8%
Receivables
533
458
463
+16.2%
Inventory
249
262
224
-5.0%
Other assets
994
940
950
+5.7%
Total assets
3,240
3,029
2,866
+7.0%
10-K for the year ended 31 December 2014, filed 23 February 2015: the filing.