Interparfums (IPAR) FY2013 results: revenue $564 million, down 13.8% on the year
Interparfums Inc. (IPAR) reported revenue of $564 million for fiscal 2013, the year ended 31 December 2013, down 13.8% on the year before. Net income was $39 million, down 70.1%, and diluted earnings per share $1.27. The figures are the company's own, from the 10-K it filed with the SEC on 11 March 2014.
Revenue
$564 million
-13.8% on the year
FY2009FY2013
Operating margin
14.0%
42.6% a year earlier
FY2009FY2013
Net income
$39 million
-70.1% on the year
FY2009FY2013
Diluted EPS
$1.27
-70.2% 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
564
654
615
-13.8%
Cost of revenue
235
247
232
-4.9%
Gross profit
329
407
383
-19.3%
Gross margin
58.3%
62.3%
62.3%
Selling, general and administrative
250
326
316
-23.3%
Operating income
78.8
278
66.9
-71.7%
Operating margin
14.0%
42.6%
10.9%
Interest expense
1.4
1.7
2.2
-16.6%
Pre-tax income
80.6
275
67.4
-70.6%
Income tax
29.7
97.9
24.4
-69.7%
Effective tax rate
36.8%
35.6%
36.3%
Net income
39.2
131
32.3
-70.1%
Net margin
7.0%
20.0%
5.3%
Diluted EPS
$1.27
$4.26
$1.05
-70.2%
$ 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
49.2
60.6
-23.7
-18.9%
Capital expenditure
5.0
9.5
9.9
-47.1%
Free cash flow
44.2
51.2
-33.7
-13.7%
Free cash flow margin
7.8%
7.8%
-5.5%
Cash from investing
n/a
206
36.7
Cash from financing
n/a
2.5
-13.8
Depreciation and amortisation
4.9
8.6
6.0
-43.0%
Share-based compensation
0.8
0.8
1.1
+0.7%
Buybacks
0.1
0.1
n/a
+8.9%
Dividends paid
28.3
9.8
9.3
+189.7%
Dividend per share
$0.96
$0.32
$0.32
+200.0%
Diluted shares, weighted
31m
31m
31m
+0.8%
Shares outstanding at period end
31m
31m
31m
+0.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
407
381
253
+6.7%
Non-controlling interest
128
119
71.7
+8.1%
Debt
6.1
27.8
16.3
-78.0%
Other liabilities
123
232
175
-47.2%
Total liabilities and equity
664
760
516
-12.6%
Fixed assets
10.4
12.3
14.5
-15.0%
Goodwill
n/a
1.0
2.8
Intangible assets
116
113
106
+2.8%
Investments
182
n/a
n/a
Cash and equivalents
126
307
35.9
-59.1%
Receivables
79.9
149
175
-46.5%
Inventory
117
143
164
-17.7%
Other assets
32.8
34.3
17.8
-4.6%
Total assets
664
760
516
-12.6%
10-K for the year ended 31 December 2013, filed 11 March 2014: the filing.