Idex (IEX) FY2013 results: revenue $2.0 billion, up 3.6% on the year
Idex Corp. (IEX) reported revenue of $2.0 billion for fiscal 2013, the year ended 31 December 2013, up 3.6% on the year before. Net income was $255 million, up 578.2%, and diluted earnings per share $3.09. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2014.
Revenue
$2.0 billion
+3.6% on the year
FY2008FY2013
Operating margin
19.5%
6.6% a year earlier
FY2008FY2013
Net income
$255 million
+578.2% on the year
FY2008FY2013
Diluted EPS
$3.09
+586.7% 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
2,024
1,954
1,838
+3.6%
Cost of revenue
1,151
1,151
1,100
+0.0%
Gross profit
873
804
739
+8.7%
Gross margin
43.1%
41.1%
40.2%
Research and development
33.0
36.4
36.0
-9.3%
Selling, general and administrative
478
444
422
+7.5%
Operating income
396
128
305
+208.5%
Operating margin
19.5%
6.6%
16.6%
Interest expense
42.2
42.2
29.3
-0.1%
Pre-tax income
353
86.2
274
+309.6%
Income tax
97.9
48.6
80.0
+101.6%
Effective tax rate
27.7%
56.3%
29.2%
Net income
255
37.6
194
+578.2%
Net margin
12.6%
1.9%
10.5%
Diluted EPS
$3.09
$0.45
$2.32
+586.7%
$ 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
402
326
217
+23.1%
Capital expenditure
31.5
35.8
35.2
-11.9%
Free cash flow
370
290
182
+27.4%
Free cash flow margin
18.3%
14.9%
9.9%
Cash from investing
-68.2
-105
-470
Cash from financing
-219
-136
253
Depreciation and amortisation
79.3
78.3
72.4
+1.3%
Share-based compensation
17.0
13.1
12.1
+29.7%
Buybacks
168
89.6
0.0
+87.0%
Dividends paid
72.9
64.1
54.6
+13.8%
Dividend per share
$0.89
$0.80
$0.68
+11.2%
Diluted shares, weighted
82m
84m
84m
-1.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,573
1,465
1,513
+7.4%
Short-term borrowings
1.9
7.3
2.4
-74.5%
Debt
774
787
809
-1.6%
Other liabilities
532
526
512
+1.1%
Total liabilities and equity
2,881
2,785
2,836
+3.4%
Fixed assets
213
219
214
-2.6%
Goodwill
1,349
1,322
1,431
+2.1%
Intangible assets
311
341
382
-8.8%
Cash and equivalents
440
319
230
+37.9%
Receivables
253
256
253
-1.1%
Inventory
231
235
254
-1.7%
Other assets
83.1
93.2
71.4
-10.8%
Total assets
2,881
2,785
2,836
+3.4%
10-K for the year ended 31 December 2013, filed 13 February 2014: the filing.