HCI Group (HCI) FY2014 results: revenue $266 million, up 10.4% on the year
HCI Group, Inc. (HCI) reported revenue of $266 million for fiscal 2014, the year ended 31 December 2014, up 10.4% on the year before. Net income was $63 million, down 4.4%, and diluted earnings per share $5.36. The figures are the company's own, from the 10-K it filed with the SEC on 10 March 2015.
Revenue
$266 million
+10.4% on the year
FY2010FY2014
Operating margin
37.9%
44.2% a year earlier
FY2010FY2014
Net income
$63 million
-4.4% on the year
FY2010FY2014
Diluted EPS
$5.36
-4.8% on the year
FY2010FY2014
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
266
241
163
+10.4%
Operating income
101
106
49.6
-5.2%
Operating margin
37.9%
44.2%
30.4%
Interest expense
10.5
3.6
n/a
+189.8%
Pre-tax income
101
106
49.6
-5.2%
Income tax
38.3
40.9
19.4
-6.3%
Effective tax rate
37.9%
38.4%
39.2%
Net income
62.7
65.6
30.2
-4.4%
Net margin
23.5%
27.2%
18.5%
Diluted EPS
$5.36
$5.63
$3.02
-4.8%
$ 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
88.7
55.5
106
+60.0%
Capital expenditure
0.5
3.4
1.2
-86.8%
Free cash flow
88.3
52.0
105
+69.6%
Free cash flow margin
33.2%
21.6%
64.4%
Cash from investing
n/a
-90.0
-1.2
Cash from financing
n/a
97.8
24.8
Depreciation and amortisation
1.3
1.2
0.8
+13.3%
Share-based compensation
8.1
5.4
0.8
+51.2%
Buybacks
0.6
30.9
n/a
-97.9%
Dividends paid
12.4
10.9
8.6
+13.3%
Dividend per share
$1.10
$0.95
$0.88
+15.8%
Diluted shares, weighted
12m
11m
10m
+5.1%
Shares outstanding at period end
10m
11m
11m
-6.9%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
183
161
121
+13.7%
Debt
130
127
n/a
+2.1%
Other liabilities
286
239
217
+19.9%
Total liabilities and equity
599
526
338
+13.7%
Fixed assets
12.3
13.1
10.9
-6.4%
Securities held for sale or to maturity
97.1
112
36.0
-13.4%
Cash and equivalents
315
293
230
+7.3%
Other assets
174
108
61.3
+62.1%
Total assets
599
526
338
+13.7%
10-K for the year ended 31 December 2014, filed 10 March 2015: the filing.