Marinemax (HZO) FY2014 results: revenue $625 million, up 6.9% on the year
Marinemax Inc. (HZO) reported revenue of $625 million for fiscal 2014, the year ended 30 September 2014, up 6.9% on the year before. Net income was $11 million, down 25.0%, and diluted earnings per share $0.46. The figures are the company's own, from the 10-K it filed with the SEC on 11 December 2014.
Revenue
$625 million
+6.9% on the year
FY2009FY2014
Operating margin
2.5%
3.1% a year earlier
FY2009FY2014
Net income
$11 million
-25.0% on the year
FY2009FY2014
Diluted EPS
$0.46
-27.0% 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
625
584
524
+6.9%
Cost of revenue
463
434
391
+6.7%
Gross profit
162
151
133
+7.3%
Gross margin
25.9%
25.8%
25.4%
Selling, general and administrative
146
133
128
+10.5%
Operating income
15.4
18.3
5.4
-16.1%
Operating margin
2.5%
3.1%
1.0%
Interest expense
4.0
4.2
4.4
-4.6%
Pre-tax income
11.4
14.1
0.9
-19.6%
Income tax
0.1
-0.9
-0.2
Effective tax rate
0.8%
-6.3%
-19.1%
Net income
11.3
15.0
1.1
-25.0%
Net margin
1.8%
2.6%
0.2%
Diluted EPS
$0.46
$0.63
$0.05
-27.0%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
10.8
7.8
8.7
+38.4%
Capital expenditure
9.2
9.8
5.7
-6.4%
Free cash flow
1.6
-2.0
2.9
Free cash flow margin
0.3%
-0.3%
0.6%
Cash from investing
n/a
-12.6
-7.6
Cash from financing
n/a
4.9
3.2
Depreciation and amortisation
7.3
6.8
6.5
+7.4%
Share-based compensation
2.6
2.7
3.5
-5.4%
Diluted shares, weighted
25m
24m
23m
+2.7%
Shares outstanding at period end
24m
24m
23m
+2.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
239
222
201
+7.9%
Short-term borrowings
124
122
121
+1.6%
Debt
0.0
0.0
0.0
Other liabilities
39.0
37.6
43.5
+3.6%
Total liabilities and equity
403
382
365
+5.4%
Fixed assets
102
100
98.8
+1.5%
Goodwill
0.8
0.8
0.5
0.0%
Cash and equivalents
27.8
23.8
23.6
+17.2%
Receivables
12.5
19.4
18.8
-35.4%
Inventory
244
228
215
+7.1%
Other assets
15.5
9.6
8.3
+61.9%
Total assets
403
382
365
+5.4%
10-K for the year ended 30 September 2014, filed 11 December 2014: the filing.