LCI Industries (LCII) FY2014 results: revenue $1.2 billion, up 17.3% on the year
LCI Industries (LCII) reported revenue of $1.2 billion for fiscal 2014, the year ended 31 December 2014, up 17.3% on the year before. Net income was $62 million, up 24.2%, and diluted earnings per share $2.56. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$1.2 billion
+17.3% on the year
FY2009FY2014
Operating margin
8.0%
7.7% a year earlier
FY2009FY2014
Net income
$62 million
+24.2% on the year
FY2009FY2014
Diluted EPS
$2.56
+21.3% on the year
FY2009FY2014
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
1,191
1,016
901
+17.3%
Cost of revenue
936
802
732
+16.6%
Gross profit
255
213
169
+19.6%
Gross margin
21.4%
21.0%
18.7%
Selling, general and administrative
157
133
109
+18.5%
Operating income
95.5
78.3
58.1
+22.0%
Operating margin
8.0%
7.7%
6.5%
Pre-tax income
95.1
77.9
57.8
+22.0%
Income tax
32.8
27.8
20.5
+17.8%
Effective tax rate
34.5%
35.7%
35.4%
Net income
62.3
50.1
37.3
+24.2%
Net margin
5.2%
4.9%
4.1%
Diluted EPS
$2.56
$2.11
$1.64
+21.3%
$ 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
107
82.7
72.7
+29.4%
Capital expenditure
42.5
32.6
32.0
+30.3%
Free cash flow
64.6
50.1
40.7
+28.9%
Free cash flow margin
5.4%
4.9%
4.5%
Cash from investing
-144
-36.1
-28.2
Cash from financing
-29.2
9.7
-41.1
Depreciation and amortisation
32.6
27.5
25.7
+18.5%
Share-based compensation
10.8
10.8
6.3
-0.2%
Dividend per share
$2.00
$2.00
$2.00
0.0%
Diluted shares, weighted
24m
24m
23m
+2.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
395
314
284
+25.9%
Debt
15.7
0.0
0.0
Other liabilities
133
140
89.6
-4.5%
Total liabilities and equity
544
453
374
+20.0%
Fixed assets
147
126
108
+16.5%
Goodwill
66.5
21.5
21.2
+208.8%
Intangible assets
97.0
59.4
69.2
+63.3%
Cash and equivalents
0.0
66.3
9.9
-100.0%
Receivables
38.0
31.0
21.8
+22.5%
Inventory
132
101
97.4
+30.9%
Other assets
63.1
47.8
46.4
+32.1%
Total assets
544
453
374
+20.0%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.