LCI Industries (LCII) FY2013 results: revenue $1.0 billion, up 12.7% on the year
LCI Industries (LCII) reported revenue of $1.0 billion for fiscal 2013, the year ended 31 December 2013, up 12.7% on the year before. Net income was $50 million, up 34.2%, and diluted earnings per share $2.11. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$1.0 billion
+12.7% on the year
FY2009FY2013
Operating margin
7.7%
6.5% a year earlier
FY2009FY2013
Net income
$50 million
+34.2% on the year
FY2009FY2013
Diluted EPS
$2.11
+28.7% 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
1,016
901
681
+12.7%
Cost of revenue
802
732
541
+9.6%
Gross profit
213
169
140
+26.4%
Gross margin
21.0%
18.7%
20.5%
Selling, general and administrative
133
109
91.3
+21.9%
Operating income
78.3
58.1
48.5
+34.7%
Operating margin
7.7%
6.5%
7.1%
Pre-tax income
77.9
57.8
48.3
+34.9%
Income tax
27.8
20.5
18.2
+36.0%
Effective tax rate
35.7%
35.4%
37.7%
Net income
50.1
37.3
30.1
+34.2%
Net margin
4.9%
4.1%
4.4%
Diluted EPS
$2.11
$1.64
$1.34
+28.7%
$ 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
82.7
72.7
36.8
+13.7%
Capital expenditure
32.6
32.0
24.3
+1.8%
Free cash flow
50.1
40.7
12.5
+23.2%
Free cash flow margin
4.9%
4.5%
1.8%
Cash from investing
-36.1
-28.2
-69.1
Cash from financing
9.7
-41.1
-0.0
Depreciation and amortisation
27.5
25.7
20.5
+7.1%
Share-based compensation
10.8
6.3
4.6
+71.6%
Buybacks
n/a
n/a
0.6
Dividend per share
$2.00
$2.00
n/a
0.0%
Diluted shares, weighted
24m
23m
22m
+4.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
314
284
277
+10.3%
Debt
0.0
0.0
0.0
Other liabilities
140
89.6
73.8
+55.7%
Total liabilities and equity
453
374
351
+21.2%
Fixed assets
126
108
95.0
+16.7%
Goodwill
21.5
21.2
20.5
+1.7%
Intangible assets
59.4
69.2
79.1
-14.2%
Cash and equivalents
66.3
9.9
6.6
+566.9%
Receivables
31.0
21.8
22.6
+42.0%
Inventory
101
97.4
92.1
+3.9%
Other assets
47.8
46.4
35.2
+3.0%
Total assets
453
374
351
+21.2%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.