Marinemax (HZO) FY2013 results: revenue $584 million, up 11.4% on the year
Marinemax Inc. (HZO) reported revenue of $584 million for fiscal 2013, the year ended 30 September 2013, up 11.4% on the year before. Net income was $15 million, up 1267.1%, and diluted earnings per share $0.63. The figures are the company's own, from the 10-K it filed with the SEC on 6 December 2013.
Revenue
$584 million
+11.4% on the year
FY2009FY2013
Operating margin
3.1%
1.0% a year earlier
FY2009FY2013
Net income
$15 million
+1,267.1% on the year
FY2009FY2013
Diluted EPS
$0.63
+1,160.0% on the year
FY2009FY2013
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
584
524
481
+11.4%
Cost of revenue
434
391
361
+10.9%
Gross profit
151
133
119
+13.2%
Gross margin
25.8%
25.4%
24.8%
Selling, general and administrative
133
128
128
+3.6%
Operating income
18.3
5.4
-8.4
+241.7%
Operating margin
3.1%
1.0%
-1.7%
Interest expense
4.2
4.4
3.5
-5.1%
Pre-tax income
14.1
0.9
-11.9
+1,430.9%
Income tax
-0.9
-0.2
-0.4
Effective tax rate
-6.3%
-19.1%
n/a
Net income
15.0
1.1
-11.5
+1,267.1%
Net margin
2.6%
0.2%
-2.4%
Diluted EPS
$0.63
$0.05
-$0.52
+1,160.0%
$ 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
7.8
8.7
-14.7
-9.9%
Capital expenditure
9.8
5.7
6.6
+71.4%
Free cash flow
-2.0
2.9
-21.3
Free cash flow margin
-0.3%
0.6%
-4.4%
Cash from investing
-12.6
-7.6
-8.7
Cash from financing
4.9
3.2
26.2
+54.2%
Depreciation and amortisation
6.8
6.5
6.6
+4.6%
Share-based compensation
2.7
3.5
3.2
-21.1%
Diluted shares, weighted
24m
23m
22m
+2.9%
Shares outstanding at period end
24m
23m
23m
+2.8%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
222
201
195
+10.4%
Short-term borrowings
122
121
119
+1.5%
Debt
0.0
0.0
n/a
Other liabilities
37.6
43.5
49.3
-13.6%
Total liabilities and equity
382
365
363
+4.6%
Fixed assets
100
98.8
102
+1.6%
Goodwill
0.8
0.5
n/a
+77.4%
Cash and equivalents
23.8
23.6
19.4
+0.6%
Receivables
19.4
18.8
14.2
+3.1%
Inventory
228
215
220
+6.0%
Other assets
9.6
8.3
7.8
+14.9%
Total assets
382
365
363
+4.6%
10-K for the year ended 30 September 2013, filed 6 December 2013: the filing.