Exponent (EXPO) FY2014 results: revenue $305 million, up 2.9% on the year
Exponent Inc. (EXPO) reported revenue of $305 million for fiscal 2014, the year ended 2 January 2015, up 2.9% on the year before. Net income was $41 million, up 5.3%, and diluted earnings per share $0.73. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$305 million
+2.9% on the year
FY2009FY2014
Operating margin
20.9%
18.9% a year earlier
FY2009FY2014
Net income
$41 million
+5.3% on the year
FY2009FY2014
Diluted EPS
$0.73
+6.5% 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
305
296
293
+2.9%
Operating income
63.5
55.9
57.6
+13.6%
Operating margin
20.9%
18.9%
19.7%
Pre-tax income
68.0
63.9
61.7
+6.3%
Income tax
27.3
25.3
24.5
+7.7%
Effective tax rate
40.1%
39.6%
39.7%
Net income
40.7
38.6
37.2
+5.3%
Net margin
13.4%
13.0%
12.7%
Diluted EPS
$0.73
$0.69
$0.65
+6.5%
$ 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
48.3
61.8
48.5
-21.9%
Capital expenditure
4.9
6.2
4.9
-20.5%
Free cash flow
43.3
55.6
43.6
-22.1%
Free cash flow margin
14.2%
18.8%
14.9%
Cash from investing
n/a
n/a
-1.2
Cash from financing
n/a
n/a
-18.9
Depreciation and amortisation
5.4
5.0
4.7
+9.1%
Share-based compensation
13.1
13.2
12.4
-0.7%
Buybacks
30.9
25.5
22.9
+21.2%
Dividends paid
13.0
7.9
0.0
+65.2%
Dividend per share
$0.25
$0.15
$0.00
+66.7%
Diluted shares, weighted
55m
56m
57m
-1.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
244
235
216
+3.9%
Debt
0.0
0.0
0.0
Other liabilities
121
109
99.0
+10.9%
Total liabilities and equity
365
344
315
+6.1%
Fixed assets
28.3
28.7
27.4
-1.6%
Goodwill
8.6
8.6
8.6
0.0%
Investments
24.9
33.2
20.9
-24.9%
Cash and equivalents
129
123
113
+5.3%
Receivables
86.4
77.0
85.4
+12.2%
Other assets
87.7
73.7
59.9
+18.9%
Total assets
365
344
315
+6.1%
10-K for the year ended 2 January 2015, filed 2 March 2015: the filing.