Nucor (NUE) FY2013 results: revenue $19.1 billion, down 1.9% on the year
Nucor Corp. (NUE) reported revenue of $19.1 billion for fiscal 2013, the year ended 31 December 2013, down 1.9% on the year before. Net income was $488 million, down 3.3%, and diluted earnings per share $1.52. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$19.1 billion
-1.9% on the year
FY2007FY2013
Operating margin
n/a
FY2007FY2013
Net income
$488 million
-3.3% on the year
FY2007FY2013
Diluted EPS
$1.52
-3.8% on the year
FY2007FY2013
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
19,052
19,429
20,024
-1.9%
Cost of revenue
17,641
17,916
18,142
-1.5%
Gross profit
1,411
1,514
1,881
-6.8%
Gross margin
7.4%
7.8%
9.4%
Selling, general and administrative
468
455
440
+2.9%
Interest expense
152
174
179
-12.4%
Pre-tax income
791
853
1,252
-7.2%
Income tax
206
260
391
-20.9%
Effective tax rate
26.0%
30.5%
31.2%
Net income
488
505
778
-3.3%
Net margin
2.6%
2.6%
3.9%
Diluted EPS
$1.52
$1.58
$2.45
-3.8%
$ 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
1,078
1,200
1,033
-10.2%
Capital expenditure
1,197
948
439
+26.3%
Free cash flow
-119
253
594
Free cash flow margin
-0.6%
1.3%
3.0%
Cash from investing
-840
-204
-660
Cash from financing
196
-1,147
-495
Depreciation and amortisation
610
607
590
+0.5%
Share-based compensation
47.5
50.7
49.0
-6.5%
Buybacks
0.0
n/a
n/a
Dividends paid
471
466
462
+1.0%
Dividend per share
$1.47
$1.46
$1.45
+0.7%
Diluted shares, weighted
319m
318m
317m
+0.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
7,646
7,642
7,475
+0.1%
Non-controlling interest
265
244
232
+8.5%
Short-term borrowings
n/a
n/a
1.8
Debt
4,409
3,660
4,280
+20.5%
Other liabilities
2,884
2,607
2,582
+10.6%
Total liabilities and equity
15,203
14,152
14,570
+7.4%
Fixed assets
4,917
4,283
3,756
+14.8%
Goodwill
1,974
2,005
1,831
-1.5%
Intangible assets
874
959
785
-8.9%
Investments
28.2
104
1,363
-72.9%
Cash and equivalents
1,483
1,053
1,201
+40.9%
Receivables
1,811
1,707
1,711
+6.1%
Inventory
2,606
2,324
1,987
+12.1%
Other assets
1,510
1,717
1,938
-12.0%
Total assets
15,203
14,152
14,570
+7.4%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.