Mettler Toledo International (MTD) FY2013 results: revenue $2.4 billion, up 1.6% on the year
Mettler Toledo International Inc. (MTD) reported revenue of $2.4 billion for fiscal 2013, the year ended 31 December 2013, up 1.6% on the year before. Net income was $306 million, up 5.2%, and diluted earnings per share $9.96. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2014.
Revenue
$2.4 billion
+1.6% on the year
FY2008FY2013
Operating margin
n/a
FY2008FY2013
Net income
$306 million
+5.2% on the year
FY2008FY2013
Diluted EPS
$9.96
+9.0% 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
2,379
2,342
2,309
+1.6%
Cost of revenue
1,097
1,100
1,091
-0.3%
Gross profit
1,282
1,241
1,218
+3.3%
Gross margin
53.9%
53.0%
52.8%
Research and development
116
113
116
+3.4%
Selling, general and administrative
693
684
704
+1.3%
Interest expense
22.7
22.8
23.2
-0.2%
Pre-tax income
403
383
349
+5.3%
Income tax
96.6
91.8
79.7
+5.3%
Effective tax rate
24.0%
24.0%
22.8%
Net income
306
291
269
+5.2%
Net margin
12.9%
12.4%
11.7%
Diluted EPS
$9.96
$9.14
$8.21
+9.0%
$ 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
346
328
281
+5.6%
Capital expenditure
82.3
95.6
98.5
-13.9%
Free cash flow
264
232
182
+13.6%
Free cash flow margin
11.1%
9.9%
7.9%
Cash from investing
-86.0
-97.3
-132
Cash from financing
-250
-366
-360
Depreciation and amortisation
40.7
40.6
38.5
+0.1%
Share-based compensation
12.6
13.2
12.3
-4.1%
Buybacks
295
279
205
+5.9%
Diluted shares, weighted
31m
32m
33m
-3.4%
Shares outstanding at period end
29m
30m
32m
-3.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
935
827
781
+13.0%
Debt
413
389
505
+6.3%
Other liabilities
805
806
829
-0.2%
Total liabilities and equity
2,153
2,022
2,115
+6.5%
Fixed assets
514
469
410
+9.6%
Goodwill
456
452
448
+0.8%
Intangible assets
114
118
121
-2.7%
Cash and equivalents
112
102
236
+10.0%
Receivables
467
437
425
+6.7%
Inventory
210
199
241
+5.8%
Other assets
279
245
234
+14.0%
Total assets
2,153
2,022
2,115
+6.5%
10-K for the year ended 31 December 2013, filed 7 February 2014: the filing.