Centrus Energy (LEU) FY2013 results: revenue $1.3 billion, down 29.8% on the year
Centrus Energy Corp. (LEU) reported revenue of $1.3 billion for fiscal 2013, the year ended 31 December 2013, down 29.8% on the year before. Net income was -$159 million, and diluted earnings per share $-32.43. The figures are the company's own, from the 10-K it filed with the SEC on 31 March 2014.
Revenue
$1.3 billion
-29.8% on the year
FY2008FY2013
Operating margin
-17.6%
-61.9% a year earlier
FY2008FY2013
Net income
-$159 million
FY2008FY2013
Diluted EPS
-$32.43
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
1,308
1,862
1,601
-29.8%
Cost of revenue
1,402
1,733
1,525
-19.1%
Gross profit
-94.9
129
75.4
Gross margin
-7.3%
6.9%
4.7%
Research and development
186
1,314
272
-85.8%
Selling, general and administrative
46.8
50.3
56.4
-7.0%
Operating income
-231
-1,152
-249
Operating margin
-17.6%
-61.9%
-15.5%
Interest expense
40.1
50.4
11.6
-20.4%
Pre-tax income
-270
-1,201
-260
Income tax
-86.5
-1.0
232
Net income
-159
-1,201
-491
Net margin
-12.2%
-64.5%
-30.7%
Diluted EPS
-$32.43
-$9.84
-$102.31
$ 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
81.2
143
56.3
-43.2%
Capital expenditure
0.0
4.3
153
Free cash flow
81.2
139
-96.5
-41.4%
Free cash flow margin
6.2%
7.4%
-6.0%
Cash from investing
25.7
125
-163
-79.4%
Cash from financing
-85.6
-12.4
-6.5
Depreciation and amortisation
27.6
37.5
50.1
-26.4%
Share-based compensation
2.0
5.1
8.0
-60.8%
Diluted shares, weighted
5m
122m
5m
-96.0%
Shares outstanding at period end
5m
5m
5m
-0.5%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
-458
-473
752
Debt
644
714
704
-9.8%
Other liabilities
1,520
2,026
2,093
-25.0%
Total liabilities and equity
1,706
2,266
3,549
-24.7%
Fixed assets
7.9
51.0
1,187
-84.5%
Goodwill
0.0
6.8
6.8
Cash and equivalents
314
293
37.6
+7.3%
Receivables
163
135
162
+20.9%
Inventory
968
1,593
1,752
-39.3%
Other assets
253
188
404
+34.7%
Total assets
1,706
2,266
3,549
-24.7%
10-K for the year ended 31 December 2013, filed 31 March 2014: the filing.