Matson (MATX) FY2013 results: revenue $1.6 billion, up 4.9% on the year
Matson, Inc. (MATX) reported revenue of $1.6 billion for fiscal 2013, the year ended 31 December 2013, up 4.9% on the year before. Net income was $54 million, up 17.0%, and diluted earnings per share $1.25. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$1.6 billion
+4.9% on the year
FY2008FY2013
Operating margin
6.1%
6.2% a year earlier
FY2008FY2013
Net income
$54 million
+17.0% on the year
FY2008FY2013
Diluted EPS
$1.25
+15.7% on the year
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
1,637
1,560
1,463
+4.9%
Cost of revenue
n/a
n/a
131
Selling, general and administrative
133
120
112
+10.7%
Operating income
100
96.7
78.6
+3.7%
Operating margin
6.1%
6.2%
5.4%
Interest expense
14.4
11.7
7.7
+23.1%
Pre-tax income
85.9
85.0
70.9
+1.1%
Income tax
32.2
33.0
25.1
-2.4%
Effective tax rate
37.5%
38.8%
35.4%
Net income
53.7
45.9
34.2
+17.0%
Net margin
3.3%
2.9%
2.3%
Diluted EPS
$1.25
$1.08
$0.81
+15.7%
$ 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
196
64.1
86.0
+205.3%
Capital expenditure
35.2
38.1
47.2
-7.6%
Free cash flow
160
26.0
38.8
+517.3%
Free cash flow margin
9.8%
1.7%
2.7%
Cash from investing
n/a
n/a
-71.0
Cash from financing
n/a
n/a
-7.0
Depreciation and amortisation
69.7
72.5
71.6
-3.9%
Share-based compensation
5.9
4.0
2.7
+47.5%
Dividends paid
26.8
39.5
53.0
-32.2%
Dividend per share
$0.62
$0.93
$1.26
-33.3%
Diluted shares, weighted
43m
43m
42m
+0.9%
Shares outstanding at period end
43m
43m
42m
+0.5%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
338
280
1,123
+20.8%
Debt
286
319
198
-10.3%
Other liabilities
624
575
1,224
+8.5%
Total liabilities and equity
1,248
1,174
2,544
+6.3%
Fixed assets
735
762
800
-3.6%
Goodwill
27.4
27.0
27.0
+1.5%
Intangible assets
3.8
3.9
n/a
-2.6%
Cash and equivalents
114
19.9
9.8
+475.4%
Receivables
182
175
168
+4.4%
Inventory
n/a
4.3
4.2
Other assets
185
182
1,535
+1.6%
Total assets
1,248
1,174
2,544
+6.3%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.