Martin Marietta Materials (MLM) FY2013 results: revenue $2.2 billion, up 6.1% on the year
Martin Marietta Materials Inc. (MLM) reported revenue of $2.2 billion for fiscal 2013, the year ended 31 December 2013, up 6.1% on the year before. Net income was $121 million, up 43.6%, and diluted earnings per share $2.61. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2014.
Revenue
$2.2 billion
+6.1% on the year
FY2008FY2013
Operating margin
10.1%
7.7% a year earlier
FY2008FY2013
Net income
$121 million
+43.6% on the year
FY2008FY2013
Diluted EPS
$2.61
+42.6% 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
2,156
2,032
1,714
+6.1%
Cost of revenue
1,792
1,705
1,412
+5.1%
Gross profit
364
327
302
+11.3%
Gross margin
16.9%
16.1%
17.6%
Selling, general and administrative
150
138
124
+8.4%
Operating income
218
156
161
+39.6%
Operating margin
10.1%
7.7%
9.4%
Interest expense
53.5
53.3
58.6
+0.2%
Pre-tax income
164
104
101
+57.7%
Income tax
44.0
17.4
21.0
+152.7%
Effective tax rate
26.8%
16.7%
20.9%
Net income
121
84.5
82.4
+43.6%
Net margin
5.6%
4.2%
4.8%
Diluted EPS
$2.61
$1.83
$1.78
+42.6%
$ 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
309
223
259
+38.7%
Capital expenditure
155
151
155
+2.8%
Free cash flow
154
71.7
104
+114.5%
Free cash flow margin
7.1%
3.5%
6.1%
Cash from investing
-215
-143
-239
Cash from financing
-77.4
-80.1
-64.5
Depreciation and amortisation
174
177
173
-1.9%
Share-based compensation
7.0
7.8
11.5
-9.9%
Dividends paid
74.2
73.8
73.6
+0.6%
Dividend per share
$1.60
$1.60
$1.60
0.0%
Diluted shares, weighted
46m
46m
46m
+0.7%
Shares outstanding at period end
46m
46m
46m
+0.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
1,538
1,411
1,409
+9.0%
Non-controlling interest
37.0
39.8
39.5
-6.8%
Debt
1,031
1,048
1,060
-1.6%
Other liabilities
579
663
639
-12.6%
Total liabilities and equity
3,185
3,161
3,148
+0.8%
Fixed assets
1,799
1,753
1,774
+2.6%
Goodwill
617
616
617
+0.1%
Intangible assets
48.6
50.4
54.1
-3.7%
Investments
9.8
n/a
n/a
Cash and equivalents
42.4
25.4
26.0
+67.1%
Receivables
245
224
204
+9.5%
Inventory
347
332
323
+4.5%
Other assets
75.6
159
150
-52.5%
Total assets
3,185
3,161
3,148
+0.8%
10-K for the year ended 31 December 2013, filed 24 February 2014: the filing.