MKS (MKSI) FY2013 results: revenue $669 million, up 4.0% on the year
MKS Inc. (MKSI) reported revenue of $669 million for fiscal 2013, the year ended 31 December 2013, up 4.0% on the year before. Net income was $36 million, down 25.5%, and diluted earnings per share $0.67. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$669 million
+4.0% on the year
FY2008FY2013
Operating margin
8.7%
11.5% a year earlier
FY2008FY2013
Net income
$36 million
-25.5% on the year
FY2008FY2013
Diluted EPS
$0.67
-25.6% 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
669
644
823
+4.0%
Cost of revenue
403
374
448
+7.7%
Gross profit
267
269
375
-1.1%
Gross margin
39.8%
41.9%
45.6%
Research and development
63.6
60.1
61.0
+5.7%
Selling, general and administrative
142
127
128
+11.7%
Operating income
58.4
74.2
185
-21.3%
Operating margin
8.7%
11.5%
22.5%
Interest expense
0.1
0.1
0.0
-41.8%
Pre-tax income
59.3
75.1
186
-21.1%
Income tax
23.5
27.1
56.3
-13.2%
Effective tax rate
39.7%
36.1%
30.3%
Net income
35.8
48.0
130
-25.5%
Net margin
5.3%
7.5%
15.8%
Diluted EPS
$0.67
$0.90
$2.45
-25.6%
$ 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
76.1
137
156
-44.5%
Capital expenditure
12.4
17.7
15.6
-29.9%
Free cash flow
63.7
119
140
-46.7%
Free cash flow margin
9.5%
18.6%
17.1%
Cash from investing
-36.5
-118
-6.1
Cash from financing
-37.1
-47.0
2.4
Depreciation and amortisation
17.1
14.4
13.0
+18.4%
Share-based compensation
14.0
13.0
11.2
+7.4%
Buybacks
2.9
11.5
2.0
-75.0%
Dividends paid
34.0
32.7
31.4
+3.9%
Dividend per share
$0.64
$0.62
$0.60
+3.2%
Diluted shares, weighted
53m
53m
53m
+0.5%
Shares outstanding at period end
53m
53m
52m
+1.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,022
1,012
990
+0.9%
Debt
0.0
n/a
1.9
Other liabilities
191
140
127
+36.4%
Total liabilities and equity
1,213
1,153
1,119
+5.2%
Fixed assets
77.5
80.5
72.5
-3.7%
Goodwill
151
151
140
+0.1%
Intangible assets
13.1
11.6
1.0
+13.2%
Investments
361
340
260
+6.3%
Cash and equivalents
289
288
313
+0.5%
Receivables
117
82.1
121
+42.3%
Inventory
143
135
154
+6.0%
Other assets
62.0
65.7
57.1
-5.6%
Total assets
1,213
1,153
1,119
+5.2%
10-K for the year ended 31 December 2013, filed 26 February 2014: the filing.