MDU Resources Group (MDU) FY2014 results: revenue $4.1 billion, up 5.0% on the year
MDU Resources Group Inc. (MDU) reported revenue of $4.1 billion for fiscal 2014, the year ended 31 December 2014, up 5.0% on the year before. Net income was $298 million, up 6.9%, and diluted earnings per share $1.55. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2015.
Revenue
$4.1 billion
+5.0% on the year
FY2007FY2014
Operating margin
8.0%
8.2% a year earlier
FY2007FY2014
Net income
$298 million
+6.9% on the year
FY2007FY2014
Diluted EPS
$1.55
+5.4% on the year
FY2007FY2014
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
4,115
3,920
4,075
+5.0%
Operating income
327
321
19.2
+2.0%
Operating margin
8.0%
8.2%
0.5%
Interest expense
87.0
83.9
76.7
+3.7%
Pre-tax income
249
243
-45.5
+2.7%
Income tax
64.4
74.3
-31.1
-13.3%
Effective tax rate
25.8%
30.6%
n/a
Net income
298
278
-0.8
+6.9%
Net margin
7.2%
7.1%
-0.0%
Diluted EPS
$1.55
$1.47
-$0.01
+5.4%
$ 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
587
754
585
-22.2%
Capital expenditure
429
531
873
-19.2%
Free cash flow
158
223
-288
-29.3%
Free cash flow margin
3.8%
5.7%
-7.1%
Cash from investing
-904
-783
-888
Cash from financing
325
36.9
190
+782.1%
Depreciation and amortisation
203
200
359
+1.3%
Share-based compensation
n/a
3.9
4.0
Dividends paid
137
98.4
160
+38.9%
Dividend per share
$0.71
$0.69
$0.68
+2.9%
Diluted shares, weighted
193m
190m
189m
+1.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
3,134
2,823
2,648
+11.0%
Non-controlling interest
116
32.7
0.0
+253.5%
Debt
2,094
1,866
1,773
+12.2%
Other liabilities
2,466
2,339
2,261
+5.4%
Total liabilities and equity
7,810
7,061
6,682
+10.6%
Fixed assets
3,520
3,462
4,499
+1.7%
Goodwill
635
636
636
-0.1%
Intangible assets
9.8
13.1
17.1
-24.9%
Investments
118
113
103
+4.4%
Cash and equivalents
60.5
52.6
49.0
+15.1%
Receivables
599
713
678
-16.0%
Inventory
289
282
317
+2.5%
Other assets
2,578
1,790
383
+44.0%
Total assets
7,810
7,061
6,682
+10.6%
10-K for the year ended 31 December 2014, filed 20 February 2015: the filing.