Hubbell (HUBB) FY2013 results: revenue $3.2 billion, up 4.6% on the year
Hubbell Inc. (HUBB) reported revenue of $3.2 billion for fiscal 2013, the year ended 31 December 2013, up 4.6% on the year before. Net income was $326 million, up 8.9%, and diluted earnings per share $5.47. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2014.
Revenue
$3.2 billion
+4.6% on the year
FY2008FY2013
Operating margin
15.9%
15.5% a year earlier
FY2008FY2013
Net income
$326 million
+8.9% on the year
FY2008FY2013
Diluted EPS
$5.47
+9.4% on the year
FY2008FY2013
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
3,184
3,044
2,872
+4.6%
Cost of revenue
2,113
2,032
1,948
+4.0%
Gross profit
1,070
1,012
924
+5.8%
Gross margin
33.6%
33.2%
32.2%
Selling, general and administrative
563
540
500
+4.2%
Operating income
508
472
424
+7.6%
Operating margin
15.9%
15.5%
14.8%
Interest expense
30.8
30.8
30.9
0.0%
Pre-tax income
474
442
390
+7.2%
Income tax
144
140
120
+3.1%
Effective tax rate
30.4%
31.6%
30.7%
Net income
326
300
268
+8.9%
Net margin
10.3%
9.8%
9.3%
Diluted EPS
$5.47
$5.00
$4.42
+9.4%
$ 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
382
349
335
+9.4%
Capital expenditure
58.8
49.1
55.4
+19.8%
Free cash flow
323
300
280
+7.7%
Free cash flow margin
10.1%
9.9%
9.7%
Cash from investing
-151
-116
-86.5
Cash from financing
-131
-162
-198
Depreciation and amortisation
70.6
66.8
68.2
+5.7%
Share-based compensation
14.3
15.8
15.1
-9.5%
Buybacks
31.0
75.6
138
-59.0%
Dividends paid
110
122
90.1
-10.5%
Dividend per share
$1.85
$1.68
$1.52
+10.1%
Diluted shares, weighted
60m
60m
60m
-0.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,906
1,661
1,468
+14.8%
Non-controlling interest
8.4
6.7
5.7
+25.4%
Short-term borrowings
0.3
0.0
2.9
Debt
597
597
596
+0.1%
Other liabilities
675
682
774
-1.1%
Total liabilities and equity
3,187
2,947
2,846
+8.2%
Fixed assets
377
365
360
+3.4%
Goodwill
800
756
727
+5.9%
Intangible assets
287
288
270
-0.5%
Investments
45.9
45.5
54.8
+0.9%
Trading assets
7.3
5.8
4.0
+25.9%
Cash and equivalents
741
645
570
+14.8%
Receivables
441
405
394
+8.8%
Inventory
386
342
318
+12.9%
Other assets
103
95.5
149
+7.4%
Total assets
3,187
2,947
2,846
+8.2%
10-K for the year ended 31 December 2013, filed 18 February 2014: the filing.