Innospec (IOSP) FY2013 results: revenue $819 million, up 5.5% on the year
Innospec Inc. (IOSP) reported revenue of $819 million for fiscal 2013, the year ended 31 December 2013, up 5.5% on the year before. Net income was $78 million, up 16.3%, and diluted earnings per share $3.22. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2014.
Revenue
$819 million
+5.5% on the year
FY2009FY2013
Operating margin
11.1%
12.4% a year earlier
FY2009FY2013
Net income
$78 million
+16.3% on the year
FY2009FY2013
Diluted EPS
$3.22
+14.6% 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
819
776
774
+5.5%
Cost of revenue
564
540
548
+4.4%
Gross profit
255
236
226
+8.0%
Gross margin
31.2%
30.4%
29.2%
Research and development
21.2
19.6
18.3
+8.2%
Selling, general and administrative
142
119
158
+19.1%
Operating income
90.6
96.5
47.2
-6.1%
Operating margin
11.1%
12.4%
6.1%
Interest expense
2.3
1.8
3.9
+27.8%
Pre-tax income
92.8
93.3
50.2
-0.5%
Income tax
15.0
26.4
3.1
-43.2%
Effective tax rate
16.2%
28.3%
6.2%
Net income
77.8
66.9
47.1
+16.3%
Net margin
9.5%
8.6%
6.1%
Diluted EPS
$3.22
$2.81
$1.92
+14.6%
$ 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
61.3
61.3
34.7
0.0%
Capital expenditure
11.0
8.6
7.0
+27.9%
Free cash flow
50.3
52.7
27.7
-4.6%
Free cash flow margin
6.1%
6.8%
3.6%
Cash from investing
-116
-70.3
-10.7
Cash from financing
113
-44.7
-55.0
Depreciation and amortisation
20.4
11.5
14.4
+77.4%
Share-based compensation
2.5
3.1
3.1
-19.4%
Buybacks
3.7
1.4
28.1
+164.3%
Dividends paid
12.0
46.7
0.0
-74.3%
Dividend per share
$0.50
$2.00
$0.00
-75.0%
Diluted shares, weighted
24m
24m
25m
+1.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
409
317
343
+29.1%
Debt
148
30.0
35.0
+393.3%
Other liabilities
237
232
191
+2.1%
Total liabilities and equity
795
579
569
+37.2%
Fixed assets
60.4
49.8
45.9
+21.3%
Goodwill
188
149
142
+26.1%
Intangible assets
127
68.6
17.7
+84.8%
Investments
6.6
5.1
4.8
+29.4%
Cash and equivalents
80.2
22.4
76.2
+258.0%
Receivables
136
116
99.4
+17.4%
Inventory
159
138
136
+14.9%
Other assets
38.1
30.5
47.4
+24.9%
Total assets
795
579
569
+37.2%
10-K for the year ended 31 December 2013, filed 13 February 2014: the filing.