EnerSys (ENS) FY2014 results: revenue $2.5 billion, up 8.6% on the year
EnerSys (ENS) reported revenue of $2.5 billion for fiscal 2014, the year ended 31 March 2014, up 8.6% on the year before. Net income was $150 million, down 9.7%, and diluted earnings per share $3.02. The figures are the company's own, from the 10-K it filed with the SEC on 28 May 2014.
Revenue
$2.5 billion
+8.6% on the year
FY2009FY2014
Operating margin
7.9%
11.0% a year earlier
FY2009FY2014
Net income
$150 million
-9.7% on the year
FY2009FY2014
Diluted EPS
$3.02
-11.7% 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
2,474
2,278
2,283
+8.6%
Cost of revenue
1,845
1,708
1,771
+8.0%
Gross profit
630
569
513
+10.6%
Gross margin
25.4%
25.0%
22.5%
Operating income
195
250
211
-22.2%
Operating margin
7.9%
11.0%
9.2%
Interest expense
17.1
18.7
16.5
-8.6%
Pre-tax income
164
230
191
-28.9%
Income tax
17.0
65.3
47.3
-74.0%
Effective tax rate
10.4%
28.4%
24.7%
Net income
150
167
144
-9.7%
Net margin
6.1%
7.3%
6.3%
Diluted EPS
$3.02
$3.42
$2.93
-11.7%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
194
244
204
-20.8%
Capital expenditure
62.0
55.3
48.9
+12.1%
Free cash flow
132
189
155
-30.4%
Free cash flow margin
5.3%
8.3%
6.8%
Cash from investing
-232
-55.1
-72.4
Cash from financing
21.6
-96.0
-79.4
Depreciation and amortisation
54.0
50.5
50.4
+6.9%
Share-based compensation
16.7
14.7
11.6
+13.6%
Buybacks
69.9
22.6
58.4
+209.2%
Dividends paid
23.7
0.0
0.0
Dividend per share
$0.50
$0.00
$0.00
Diluted shares, weighted
50m
49m
49m
+2.4%
Shares outstanding at period end
47m
48m
48m
-1.9%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,246
1,169
1,032
+6.6%
Non-controlling interest
5.9
5.9
8.6
+0.1%
Redeemable equity
8.0
11.1
9.8
-27.5%
Debt
322
178
255
+80.8%
Other liabilities
740
624
619
+18.7%
Total liabilities and equity
2,322
1,988
1,925
+16.8%
Fixed assets
370
350
353
+5.7%
Goodwill
426
345
353
+23.3%
Intangible assets
172
104
107
+66.3%
Cash and equivalents
240
249
160
-3.7%
Receivables
565
448
467
+26.0%
Inventory
362
354
362
+2.2%
Other assets
187
137
123
+36.0%
Total assets
2,322
1,988
1,925
+16.8%
10-K for the year ended 31 March 2014, filed 28 May 2014: the filing.