Louisiana-Pacific (LPX) FY2013 results: revenue $2.1 billion, up 23.3% on the year
Louisiana-Pacific Corp. (LPX) reported revenue of $2.1 billion for fiscal 2013, the year ended 31 December 2013, up 23.3% on the year before. Net income was $177 million, up 514.9%, and diluted earnings per share $1.23. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$2.1 billion
+23.3% on the year
FY2009FY2013
Operating margin
9.7%
6.2% a year earlier
FY2009FY2013
Net income
$177 million
+514.9% on the year
FY2009FY2013
Diluted EPS
$1.23
+515.0% 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
2,085
1,691
1,329
+23.3%
Cost of revenue
1,637
1,383
1,223
+18.3%
Gross profit
448
308
106
+45.6%
Gross margin
21.5%
18.2%
8.0%
Selling, general and administrative
150
128
111
+17.0%
Operating income
203
104
-146
+94.6%
Operating margin
9.7%
6.2%
-11.0%
Interest expense
36.0
49.3
56.9
-27.0%
Pre-tax income
218
36.5
-217
+498.6%
Income tax
41.1
7.0
-41.1
+487.1%
Effective tax rate
18.8%
19.2%
n/a
Net income
177
28.8
-181
+514.9%
Net margin
8.5%
1.7%
-13.6%
Diluted EPS
$1.23
$0.20
-$1.36
+515.0%
$ 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
242
112
-40.2
+116.9%
Capital expenditure
75.6
31.2
21.4
+142.3%
Free cash flow
167
80.6
-61.6
+107.1%
Free cash flow margin
8.0%
4.8%
-4.6%
Cash from investing
-17.4
21.5
7.7
Cash from financing
-126
92.1
-15.7
Depreciation and amortisation
1.6
0.0
0.0
Share-based compensation
8.8
8.4
7.8
+4.8%
Diluted shares, weighted
144m
143m
133m
+1.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,226
1,034
1,001
+18.6%
Debt
765
880
729
-13.1%
Other liabilities
502
417
410
+20.5%
Total liabilities and equity
2,493
2,331
2,140
+7.0%
Fixed assets
887
766
782
+15.8%
Goodwill
9.7
0.0
n/a
Intangible assets
68.3
0.6
1.4
+11,283.3%
Investments
3.7
2.0
0.7
+85.0%
Cash and equivalents
657
561
340
+17.1%
Receivables
78.1
82.7
65.1
-5.6%
Inventory
224
210
164
+7.0%
Other assets
566
709
787
-20.3%
Total assets
2,493
2,331
2,140
+7.0%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.