Enovis (ENOV) FY2013 results: revenue $4.2 billion, up 7.5% on the year
Enovis Corp. (ENOV) reported revenue of $4.2 billion for fiscal 2013, the year ended 31 December 2013, up 7.5% on the year before. Net income was $179 million, and diluted earnings per share $4.62. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2014.
Revenue
$4.2 billion
+7.5% on the year
FY2009FY2013
Operating margin
9.7%
3.6% a year earlier
FY2009FY2013
Net income
$179 million
FY2009FY2013
Diluted EPS
$4.62
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
4,207
3,914
693
+7.5%
Cost of revenue
2,901
2,762
453
+5.0%
Gross profit
1,306
1,152
240
+13.4%
Gross margin
31.0%
29.4%
34.6%
Research and development
n/a
n/a
5.7
Selling, general and administrative
864
908
163
-4.9%
Operating income
406
140
25.9
+190.3%
Operating margin
9.7%
3.6%
3.7%
Interest expense
104
91.6
5.9
+13.1%
Pre-tax income
303
48.4
20.0
+525.1%
Income tax
93.7
90.7
15.4
+3.3%
Effective tax rate
30.9%
187.3%
77.2%
Net income
179
-64.4
4.6
Net margin
4.2%
-1.6%
0.7%
Diluted EPS
$4.62
-$2.76
$0.30
$ 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
362
174
57.2
+108.1%
Capital expenditure
71.5
83.6
14.8
-14.5%
Free cash flow
291
90.4
42.4
+221.4%
Free cash flow margin
6.9%
2.3%
6.1%
Cash from investing
-475
-1,941
-70.0
Cash from financing
-45.1
2,183
32.7
Depreciation and amortisation
119
183
22.6
-35.0%
Share-based compensation
13.3
9.4
4.9
+42.3%
Buybacks
0.0
n/a
n/a
Dividends paid
n/a
0.0
0.0
Diluted shares, weighted
33m
30m
15m
+10.2%
Shares outstanding at period end
34m
31m
15m
+8.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,514
1,912
189
+31.5%
Non-controlling interest
227
244
0.0
-6.8%
Debt
1,487
1,728
112
-14.0%
Other liabilities
2,373
2,264
788
+4.8%
Total liabilities and equity
6,601
6,148
1,089
+7.4%
Fixed assets
754
689
90.9
+9.5%
Goodwill
2,410
2,099
205
+14.8%
Intangible assets
833
779
41.0
+6.9%
Cash and equivalents
311
482
75.1
-35.5%
Receivables
1,024
873
117
+17.2%
Inventory
444
494
56.1
-10.2%
Other assets
826
732
503
+12.8%
Total assets
6,601
6,148
1,089
+7.4%
10-K for the year ended 31 December 2013, filed 12 February 2014: the filing.