Enovis (ENOV) FY2014 results: revenue $4.6 billion, up 9.9% on the year
Enovis Corp. (ENOV) reported revenue of $4.6 billion for fiscal 2014, the year ended 31 December 2014, up 9.9% on the year before. Net income was $392 million, up 119.5%, and diluted earnings per share $9.06. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2015.
Revenue
$4.6 billion
+9.9% on the year
FY2009FY2014
Operating margin
8.9%
9.7% a year earlier
FY2009FY2014
Net income
$392 million
+119.5% on the year
FY2009FY2014
Diluted EPS
$9.06
+96.1% 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
4,624
4,207
3,914
+9.9%
Cost of revenue
3,146
2,901
2,762
+8.4%
Gross profit
1,479
1,306
1,152
+13.2%
Gross margin
32.0%
31.0%
29.4%
Selling, general and administrative
1,011
864
908
+17.0%
Operating income
410
406
140
+0.8%
Operating margin
8.9%
9.7%
3.6%
Interest expense
51.3
104
91.6
-50.5%
Pre-tax income
358
303
48.4
+18.3%
Income tax
-62.0
93.7
90.7
Effective tax rate
-17.3%
30.9%
187.3%
Net income
392
179
-64.4
+119.5%
Net margin
8.5%
4.2%
-1.6%
Diluted EPS
$9.06
$4.62
-$2.76
+96.1%
$ 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
386
362
174
+6.5%
Capital expenditure
84.5
71.5
83.6
+18.2%
Free cash flow
301
291
90.4
+3.6%
Free cash flow margin
6.5%
6.9%
2.3%
Cash from investing
-1,030
-475
-1,941
Cash from financing
650
-45.1
2,183
Depreciation and amortisation
175
119
183
+46.5%
Share-based compensation
17.6
13.3
9.4
+31.8%
Buybacks
0.0
0.0
n/a
Dividends paid
n/a
n/a
0.0
Diluted shares, weighted
41m
33m
30m
+22.2%
Shares outstanding at period end
41m
34m
31m
+21.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
3,147
2,514
1,912
+25.2%
Non-controlling interest
206
227
244
-9.5%
Debt
1,539
1,487
1,728
+3.5%
Other liabilities
2,320
2,373
2,264
-2.2%
Total liabilities and equity
7,212
6,601
6,148
+9.2%
Fixed assets
727
754
689
-3.6%
Goodwill
2,873
2,410
2,099
+19.2%
Intangible assets
1,044
833
779
+25.3%
Cash and equivalents
305
311
482
-1.9%
Receivables
1,029
1,024
873
+0.5%
Inventory
443
444
494
-0.2%
Other assets
790
826
732
-4.3%
Total assets
7,212
6,601
6,148
+9.2%
10-K for the year ended 31 December 2014, filed 17 February 2015: the filing.