EnerSys (ENS) FY2013 results: revenue $2.3 billion, down 0.3% on the year
EnerSys (ENS) reported revenue of $2.3 billion for fiscal 2013, the year ended 31 March 2013, down 0.3% on the year before. Net income was $167 million, up 15.6%, and diluted earnings per share $3.42. The figures are the company's own, from the 10-K it filed with the SEC on 28 May 2013.
Revenue
$2.3 billion
-0.3% on the year
FY2009FY2013
Operating margin
11.0%
9.2% a year earlier
FY2009FY2013
Net income
$167 million
+15.6% on the year
FY2009FY2013
Diluted EPS
$3.42
+16.7% on the year
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
2,278
2,283
1,964
-0.3%
Cost of revenue
1,708
1,771
1,515
-3.5%
Gross profit
569
513
450
+11.0%
Gross margin
25.0%
22.5%
22.9%
Operating income
250
211
184
+18.5%
Operating margin
11.0%
9.2%
9.4%
Interest expense
18.7
16.5
22.0
+13.6%
Pre-tax income
230
191
151
+20.4%
Income tax
65.3
47.3
38.0
+38.0%
Effective tax rate
28.4%
24.7%
25.1%
Net income
167
144
113
+15.6%
Net margin
7.3%
6.3%
5.8%
Diluted EPS
$3.42
$2.93
$2.27
+16.7%
$ 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
244
204
76.5
+19.7%
Capital expenditure
55.3
48.9
59.9
+13.0%
Free cash flow
189
155
16.5
+21.8%
Free cash flow margin
8.3%
6.8%
0.8%
Cash from investing
-55.1
-72.4
-91.7
Cash from financing
-96.0
-79.4
-82.7
Depreciation and amortisation
50.5
50.4
44.4
+0.3%
Share-based compensation
14.7
11.6
9.1
+27.2%
Buybacks
22.6
58.4
n/a
-61.3%
Dividends paid
0.0
0.0
n/a
Dividend per share
$0.00
$0.00
n/a
Diluted shares, weighted
49m
49m
50m
-1.2%
Shares outstanding at period end
48m
48m
50m
+0.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,169
1,032
974
+13.3%
Non-controlling interest
5.9
8.6
4.7
-31.8%
Redeemable equity
11.1
9.8
0.0
+13.4%
Debt
178
255
251
-30.3%
Other liabilities
624
619
598
+0.7%
Total liabilities and equity
1,988
1,925
1,828
+3.3%
Fixed assets
350
353
344
-0.9%
Goodwill
345
353
344
-2.1%
Intangible assets
104
107
98.8
-3.2%
Cash and equivalents
249
160
109
+55.4%
Receivables
448
467
464
-4.0%
Inventory
354
362
335
-2.2%
Other assets
137
123
134
+11.6%
Total assets
1,988
1,925
1,828
+3.3%
10-K for the year ended 31 March 2013, filed 28 May 2013: the filing.