Koppers Holdings (KOP) FY2014 results: revenue $1.6 billion, up 5.2% on the year
Koppers Holdings Inc. (KOP) reported revenue of $1.6 billion for fiscal 2014, the year ended 31 December 2014, up 5.2% on the year before. Net income was -$32 million, and diluted earnings per share $-1.58. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$1.6 billion
+5.2% on the year
FY2008FY2014
Operating margin
2.1%
6.8% a year earlier
FY2008FY2014
Net income
-$32 million
FY2008FY2014
Diluted EPS
-$1.58
FY2008FY2014
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
1,555
1,478
1,555
+5.2%
Cost of revenue
1,344
1,265
1,325
+6.2%
Gross profit
211
214
230
-1.1%
Gross margin
13.6%
14.4%
14.8%
Research and development
3.4
2.4
2.3
+41.7%
Selling, general and administrative
116
71.7
75.6
+62.1%
Operating income
33.2
100
127
-66.9%
Operating margin
2.1%
6.8%
8.1%
Interest expense
39.1
26.8
27.9
+45.9%
Pre-tax income
-5.9
77.0
101
Income tax
34.1
36.8
33.3
-7.3%
Effective tax rate
n/a
47.8%
33.1%
Net income
-32.4
40.4
65.6
Net margin
-2.1%
2.7%
4.2%
Diluted EPS
-$1.58
$1.94
$3.13
$ 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
35.5
118
77.8
-69.8%
Capital expenditure
83.8
72.9
28.9
+15.0%
Free cash flow
-48.3
44.7
48.9
Free cash flow margin
-3.1%
3.0%
3.1%
Cash from investing
-580
-72.3
-39.9
Cash from financing
516
-30.3
-27.3
Depreciation and amortisation
44.0
29.7
27.6
+48.1%
Share-based compensation
4.7
4.3
6.9
+9.3%
Buybacks
2.0
17.5
8.1
-88.6%
Dividends paid
20.4
21.1
19.5
-3.3%
Dividend per share
$1.00
$1.00
$0.96
0.0%
Diluted shares, weighted
20m
21m
21m
-1.7%
Shares outstanding at period end
n/a
22m
22m
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
70.0
170
151
-58.8%
Non-controlling interest
13.9
20.0
17.5
-30.5%
Debt
850
303
296
+180.6%
Other liabilities
360
292
316
+23.1%
Total liabilities and equity
1,294
785
780
+64.8%
Fixed assets
300
197
161
+52.1%
Goodwill
247
72.7
75.6
+240.0%
Intangible assets
168
12.2
15.3
+1,274.6%
Cash and equivalents
51.1
82.2
66.7
-37.8%
Receivables
199
158
163
+25.8%
Inventory
241
169
196
+42.9%
Other assets
88.3
94.1
103
-6.2%
Total assets
1,294
785
780
+64.8%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.