Louisiana-Pacific (LPX) FY2014 results: revenue $1.9 billion, down 7.2% on the year
Louisiana-Pacific Corp. (LPX) reported revenue of $1.9 billion for fiscal 2014, the year ended 31 December 2014, down 7.2% on the year before. Net income was -$75 million, and diluted earnings per share $-0.53. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$1.9 billion
-7.2% on the year
FY2009FY2014
Operating margin
-4.0%
9.7% a year earlier
FY2009FY2014
Net income
-$75 million
FY2009FY2014
Diluted EPS
-$0.53
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
1,935
2,085
1,691
-7.2%
Cost of revenue
1,758
1,637
1,383
+7.4%
Gross profit
177
448
308
-60.5%
Gross margin
9.1%
21.5%
18.2%
Selling, general and administrative
150
150
128
-0.5%
Operating income
-77.6
203
104
Operating margin
-4.0%
9.7%
6.2%
Interest expense
29.8
36.0
49.3
-17.2%
Pre-tax income
-101
218
36.5
Income tax
-27.2
41.1
7.0
Effective tax rate
n/a
18.8%
19.2%
Net income
-75.4
177
28.8
Net margin
-3.9%
8.5%
1.7%
Diluted EPS
-$0.53
$1.23
$0.20
$ 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
-52.9
242
112
Capital expenditure
80.1
75.6
31.2
+6.0%
Free cash flow
-133
167
80.6
Free cash flow margin
-6.9%
8.0%
4.8%
Cash from investing
-63.5
-17.4
21.5
Cash from financing
-3.9
-126
92.1
Depreciation and amortisation
0.0
1.6
0.0
Share-based compensation
9.4
8.8
8.4
+6.8%
Diluted shares, weighted
141m
144m
143m
-2.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
1,116
1,226
1,034
-9.0%
Debt
762
765
880
-0.4%
Other liabilities
476
502
417
-5.2%
Total liabilities and equity
2,354
2,493
2,331
-5.6%
Fixed assets
851
887
766
-4.1%
Goodwill
9.7
9.7
0.0
0.0%
Intangible assets
n/a
68.3
0.6
Investments
4.6
3.7
2.0
+24.3%
Cash and equivalents
533
657
561
-18.9%
Receivables
108
78.1
82.7
+38.8%
Inventory
230
224
210
+2.4%
Other assets
618
566
709
+9.2%
Total assets
2,354
2,493
2,331
-5.6%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.