MDU Resources Group (MDU) FY2013 results: revenue $3.9 billion, down 3.8% on the year
MDU Resources Group Inc. (MDU) reported revenue of $3.9 billion for fiscal 2013, the year ended 31 December 2013, down 3.8% on the year before. Net income was $278 million, and diluted earnings per share $1.47. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2014.
Revenue
$3.9 billion
-3.8% on the year
FY2007FY2013
Operating margin
8.2%
0.5% a year earlier
FY2007FY2013
Net income
$278 million
FY2007FY2013
Diluted EPS
$1.47
FY2007FY2013
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
3,920
4,075
4,050
-3.8%
Operating income
321
19.2
406
+1,569.7%
Operating margin
8.2%
0.5%
10.0%
Interest expense
83.9
76.7
81.4
+9.4%
Pre-tax income
243
-45.5
336
Income tax
74.3
-31.1
110
Effective tax rate
30.6%
n/a
32.8%
Net income
278
-0.8
213
Net margin
7.1%
-0.0%
5.3%
Diluted EPS
$1.47
-$0.01
$1.12
$ 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
754
585
627
+29.0%
Capital expenditure
531
873
497
-39.1%
Free cash flow
223
-288
130
Free cash flow margin
5.7%
-7.1%
3.2%
Cash from investing
-783
-888
-465
Cash from financing
36.9
190
-221
-80.6%
Depreciation and amortisation
200
359
343
-44.2%
Share-based compensation
3.9
4.0
3.5
-2.5%
Dividends paid
98.4
160
123
-38.4%
Dividend per share
$0.69
$0.68
$0.66
+3.0%
Diluted shares, weighted
190m
189m
189m
+0.5%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,823
2,648
2,776
+6.6%
Non-controlling interest
32.7
0.0
n/a
Debt
1,866
1,773
1,425
+5.2%
Other liabilities
2,339
2,261
2,356
+3.5%
Total liabilities and equity
7,061
6,682
6,556
+5.7%
Fixed assets
3,462
4,499
4,285
-23.1%
Goodwill
636
636
635
0.0%
Intangible assets
13.1
17.1
20.8
-23.5%
Investments
113
103
109
+9.4%
Cash and equivalents
52.6
49.0
163
+7.2%
Receivables
713
678
646
+5.2%
Inventory
282
317
274
-11.0%
Other assets
1,790
383
423
+367.7%
Total assets
7,061
6,682
6,556
+5.7%
10-K for the year ended 31 December 2013, filed 21 February 2014: the filing.