Greif (GEF) FY2014 results: revenue $4.2 billion, up 0.5% on the year
Greif, Inc. (GEF) reported revenue of $4.2 billion for fiscal 2014, the year ended 31 October 2014, up 0.5% on the year before. Net income was $92 million, down 36.8%. The figures are the company's own, from the 10-K it filed with the SEC on 21 January 2015.
Revenue
$4.2 billion
+0.5% on the year
FY2008FY2014
Operating margin
5.9%
8.1% a year earlier
FY2008FY2014
Net income
$92 million
-36.8% on the year
FY2008FY2014
Diluted EPS
n/a
FY2008FY2014
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
4,239
4,220
4,130
+0.5%
Cost of revenue
3,428
3,388
3,350
+1.2%
Gross profit
811
833
780
-2.6%
Gross margin
19.1%
19.7%
18.9%
Selling, general and administrative
497
477
469
+4.1%
Operating income
249
342
281
-27.0%
Operating margin
5.9%
8.1%
6.8%
Interest expense
81.8
n/a
2.2
Pre-tax income
158
244
183
-35.2%
Income tax
115
98.8
61.1
+16.4%
Effective tax rate
72.8%
40.5%
33.3%
Net income
91.5
145
118
-36.8%
Net margin
2.2%
3.4%
2.9%
$ 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
262
250
473
+4.6%
Capital expenditure
138
136
166
+1.1%
Free cash flow
124
114
307
+8.8%
Free cash flow margin
2.9%
2.7%
7.4%
Cash from investing
-69.0
-101
-154
Cash from financing
-180
-160
-352
Depreciation and amortisation
156
158
156
-1.1%
Share-based compensation
3.6
3.7
3.6
-2.7%
Buybacks
0.0
n/a
0.1
Dividends paid
98.6
98.3
97.7
+0.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,142
1,265
1,191
-9.7%
Non-controlling interest
81.1
115
120
-29.7%
Debt
1,153
1,281
1,276
-10.0%
Other liabilities
1,291
1,221
1,270
+5.7%
Total liabilities and equity
3,667
3,882
3,857
-5.5%
Fixed assets
1,308
1,398
1,425
-6.4%
Goodwill
880
998
971
-11.8%
Intangible assets
166
185
199
-10.1%
Cash and equivalents
85.1
78.1
91.5
+9.0%
Receivables
501
482
454
+4.0%
Inventory
381
374
374
+1.8%
Other assets
345
366
343
-5.7%
Total assets
3,667
3,882
3,857
-5.5%
10-K for the year ended 31 October 2014, filed 21 January 2015: the filing.