National Presto Industries (NPK) FY2013 results: revenue $420 million, down 11.1% on the year
National Presto Industries Inc. (NPK) reported revenue of $420 million for fiscal 2013, the year ended 31 December 2013, down 11.1% on the year before. Net income was $41 million, up 6.1%, and diluted earnings per share $5.97. The figures are the company's own, from the 10-K it filed with the SEC on 17 March 2014.
Revenue
$420 million
-11.1% on the year
FY2009FY2013
Operating margin
13.7%
12.6% a year earlier
FY2009FY2013
Net income
$41 million
+6.1% on the year
FY2009FY2013
Diluted EPS
$5.97
+5.9% on the year
FY2009FY2013
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
420
472
431
-11.1%
Cost of revenue
341
378
337
-9.7%
Gross profit
79.4
94.9
93.8
-16.4%
Gross margin
18.9%
20.1%
21.8%
Selling, general and administrative
21.2
34.1
20.0
-37.7%
Operating income
57.6
59.7
73.7
-3.5%
Operating margin
13.7%
12.6%
17.1%
Pre-tax income
58.3
60.4
75.0
-3.4%
Income tax
17.1
21.5
27.1
-20.7%
Effective tax rate
29.3%
35.7%
36.1%
Net income
41.3
38.9
48.0
+6.1%
Net margin
9.8%
8.2%
11.1%
Diluted EPS
$5.97
$5.64
$6.98
+5.9%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
24.2
62.3
58.7
-61.2%
Capital expenditure
36.3
13.6
15.0
+166.9%
Free cash flow
-12.0
48.8
43.7
Free cash flow margin
-2.9%
10.3%
10.1%
Cash from investing
n/a
-13.6
21.8
Cash from financing
n/a
-85.3
-56.2
Depreciation and amortisation
8.9
11.2
9.0
-20.0%
Share-based compensation
0.1
0.1
0.0
+35.2%
Dividends paid
n/a
86.1
56.7
Dividend per share
n/a
n/a
$8.25
Diluted shares, weighted
n/a
7m
7m
Shares outstanding at period end
7m
7m
7m
+0.1%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
333
291
336
+14.4%
Debt
n/a
n/a
0.0
Other liabilities
54.2
63.3
75.4
-14.4%
Total liabilities and equity
387
354
412
+9.3%
Fixed assets
89.6
61.9
64.3
+44.8%
Goodwill
11.5
14.3
18.5
-19.8%
Intangible assets
24.7
3.4
n/a
+627.1%
Investments
36.4
55.6
59.4
-34.5%
Cash and equivalents
23.0
37.4
74.0
-38.7%
Receivables
84.3
76.4
73.6
+10.3%
Inventory
92.5
83.4
94.5
+11.0%
Other assets
24.8
21.5
27.4
+15.5%
Total assets
387
354
412
+9.3%
10-K for the year ended 31 December 2013, filed 17 March 2014: the filing.