Mettler Toledo International (MTD) FY2014 results: revenue $2.5 billion, up 4.5% on the year
Mettler Toledo International Inc. (MTD) reported revenue of $2.5 billion for fiscal 2014, the year ended 31 December 2014, up 4.5% on the year before. Net income was $338 million, up 10.5%, and diluted earnings per share $11.44. The figures are the company's own, from the 10-K it filed with the SEC on 6 February 2015.
Revenue
$2.5 billion
+4.5% on the year
FY2008FY2014
Operating margin
n/a
FY2008FY2014
Net income
$338 million
+10.5% on the year
FY2008FY2014
Diluted EPS
$11.44
+14.9% on the year
FY2008FY2014
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
2,486
2,379
2,342
+4.5%
Cost of revenue
1,127
1,097
1,100
+2.8%
Gross profit
1,359
1,282
1,241
+6.0%
Gross margin
54.7%
53.9%
53.0%
Research and development
123
116
113
+6.0%
Selling, general and administrative
729
693
684
+5.2%
Interest expense
24.5
22.7
22.8
+8.0%
Pre-tax income
445
403
383
+10.5%
Income tax
107
96.6
91.8
+10.5%
Effective tax rate
24.0%
24.0%
24.0%
Net income
338
306
291
+10.5%
Net margin
13.6%
12.9%
12.4%
Diluted EPS
$11.44
$9.96
$9.14
+14.9%
$ 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
419
346
328
+21.1%
Capital expenditure
89.4
82.3
95.6
+8.5%
Free cash flow
330
264
232
+25.0%
Free cash flow margin
13.3%
11.1%
9.9%
Cash from investing
-94.4
-86.0
-97.3
Cash from financing
-348
-250
-366
Depreciation and amortisation
40.1
40.7
40.6
-1.3%
Share-based compensation
13.6
12.6
13.2
+7.7%
Buybacks
414
295
279
+40.4%
Diluted shares, weighted
30m
31m
32m
-3.8%
Shares outstanding at period end
28m
29m
30m
-4.2%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
720
935
827
-23.0%
Debt
452
413
389
+9.4%
Other liabilities
802
805
806
-0.3%
Total liabilities and equity
1,974
2,153
2,022
-8.3%
Fixed assets
511
514
469
-0.6%
Goodwill
444
456
452
-2.6%
Intangible assets
113
114
118
-1.4%
Cash and equivalents
85.3
112
102
-23.8%
Receivables
436
467
437
-6.7%
Inventory
205
210
199
-2.8%
Other assets
180
279
245
-35.6%
Total assets
1,974
2,153
2,022
-8.3%
10-K for the year ended 31 December 2014, filed 6 February 2015: the filing.