Koppers Holdings (KOP) FY2013 results: revenue $1.5 billion, down 4.9% on the year
Koppers Holdings Inc. (KOP) reported revenue of $1.5 billion for fiscal 2013, the year ended 31 December 2013, down 4.9% on the year before. Net income was $40 million, down 38.4%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$1.5 billion
-4.9% on the year
FY2008FY2013
Operating margin
6.8%
8.1% a year earlier
FY2008FY2013
Net income
$40 million
-38.4% on the year
FY2008FY2013
Diluted EPS
$1.94
-38.0% 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
1,478
1,555
1,466
-4.9%
Cost of revenue
1,265
1,325
1,242
-4.5%
Gross profit
214
230
224
-7.3%
Gross margin
14.4%
14.8%
15.3%
Research and development
2.4
2.3
1.9
+4.3%
Selling, general and administrative
71.7
75.6
74.3
-5.2%
Operating income
100
127
123
-20.8%
Operating margin
6.8%
8.1%
8.4%
Interest expense
26.8
27.9
27.2
-3.9%
Pre-tax income
77.0
101
n/a
-23.5%
Income tax
36.8
33.3
38.7
+10.5%
Effective tax rate
47.8%
33.1%
n/a
Net income
40.4
65.6
36.9
-38.4%
Net margin
2.7%
4.2%
2.5%
Diluted EPS
$1.94
$3.13
$1.77
-38.0%
$ 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
118
77.8
76.9
+51.2%
Capital expenditure
72.9
28.9
33.2
+152.2%
Free cash flow
44.7
48.9
43.7
-8.6%
Free cash flow margin
3.0%
3.1%
3.0%
Cash from investing
-72.3
-39.9
-44.7
Cash from financing
-30.3
-27.3
-13.3
Depreciation and amortisation
29.7
27.6
48.8
+7.6%
Share-based compensation
4.3
6.9
5.3
-37.7%
Buybacks
17.5
8.1
0.3
+116.0%
Dividends paid
21.1
19.5
18.2
+8.2%
Dividend per share
$1.00
$0.96
$0.88
+4.2%
Diluted shares, weighted
21m
21m
21m
-0.5%
Shares outstanding at period end
22m
22m
21m
+0.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
170
151
94.8
+12.7%
Non-controlling interest
20.0
17.5
12.4
+14.3%
Debt
303
296
302
+2.4%
Other liabilities
292
316
321
-7.5%
Total liabilities and equity
785
780
731
+0.6%
Fixed assets
197
161
156
+22.3%
Goodwill
72.7
75.6
72.1
-3.8%
Intangible assets
12.2
15.3
8.0
-20.3%
Cash and equivalents
82.2
66.7
54.1
+23.2%
Receivables
158
163
161
-3.0%
Inventory
169
196
159
-13.8%
Other assets
94.1
103
121
-8.5%
Total assets
785
780
731
+0.6%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.