Matson (MATX) FY2014 results: revenue $1.7 billion, up 4.7% on the year
Matson, Inc. (MATX) reported revenue of $1.7 billion for fiscal 2014, the year ended 31 December 2014, up 4.7% on the year before. Net income was $71 million, up 31.8%, and diluted earnings per share $1.63. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$1.7 billion
+4.7% on the year
FY2008FY2014
Operating margin
8.2%
6.1% a year earlier
FY2008FY2014
Net income
$71 million
+31.8% on the year
FY2008FY2014
Diluted EPS
$1.63
+30.4% on the year
FY2008FY2014
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
1,714
1,637
1,560
+4.7%
Selling, general and administrative
147
133
120
+11.1%
Operating income
140
100
96.7
+39.6%
Operating margin
8.2%
6.1%
6.2%
Interest expense
17.3
14.4
11.7
+20.1%
Pre-tax income
123
85.9
85.0
+42.8%
Income tax
51.9
32.2
33.0
+61.2%
Effective tax rate
42.3%
37.5%
38.8%
Net income
70.8
53.7
45.9
+31.8%
Net margin
4.1%
3.3%
2.9%
Diluted EPS
$1.63
$1.25
$1.08
+30.4%
$ 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
166
196
64.1
-15.3%
Capital expenditure
27.9
35.2
38.1
-20.7%
Free cash flow
138
160
26.0
-14.1%
Free cash flow margin
8.0%
9.8%
1.7%
Depreciation and amortisation
69.7
69.7
72.5
0.0%
Share-based compensation
8.7
5.9
4.0
+47.5%
Dividends paid
28.7
26.8
39.5
+7.1%
Dividend per share
$0.66
$0.62
$0.93
+6.5%
Diluted shares, weighted
43m
43m
43m
+0.7%
Shares outstanding at period end
43m
43m
43m
+0.9%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
364
338
280
+7.6%
Debt
374
286
319
+30.6%
Other liabilities
664
624
575
+6.5%
Total liabilities and equity
1,402
1,248
1,174
+12.3%
Fixed assets
691
735
762
-6.0%
Goodwill
27.4
27.4
27.0
0.0%
Intangible assets
2.5
3.8
3.9
-34.2%
Cash and equivalents
293
114
19.9
+156.2%
Receivables
198
182
175
+8.4%
Inventory
n/a
n/a
4.3
Other assets
190
185
182
+2.6%
Total assets
1,402
1,248
1,174
+12.3%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.