Nucor (NUE) FY2014 results: revenue $21.1 billion, up 10.8% on the year
Nucor Corp. (NUE) reported revenue of $21.1 billion for fiscal 2014, the year ended 31 December 2014, up 10.8% on the year before. Net income was $679 million, up 39.2%, and diluted earnings per share $2.11. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$21.1 billion
+10.8% on the year
FY2007FY2014
Operating margin
n/a
FY2007FY2014
Net income
$679 million
+39.2% on the year
FY2007FY2014
Diluted EPS
$2.11
+38.8% on the year
FY2007FY2014
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
21,105
19,052
19,429
+10.8%
Cost of revenue
19,256
17,641
17,916
+9.2%
Gross profit
1,849
1,411
1,514
+31.1%
Gross margin
8.8%
7.4%
7.8%
Selling, general and administrative
521
468
455
+11.3%
Interest expense
174
152
174
+14.6%
Pre-tax income
1,147
791
853
+45.0%
Income tax
369
206
260
+79.3%
Effective tax rate
32.1%
26.0%
30.5%
Net income
679
488
505
+39.2%
Net margin
3.2%
2.6%
2.6%
Diluted EPS
$2.11
$1.52
$1.58
+38.8%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
1,343
1,078
1,200
+24.6%
Capital expenditure
668
1,197
948
-44.2%
Free cash flow
675
-119
253
Free cash flow margin
3.2%
-0.6%
1.3%
Cash from investing
n/a
-840
-204
Cash from financing
n/a
196
-1,147
Depreciation and amortisation
724
610
607
+18.7%
Share-based compensation
46.4
47.5
50.7
-2.2%
Buybacks
0.0
0.0
n/a
Dividends paid
475
471
466
+0.9%
Dividend per share
$1.48
$1.47
$1.46
+0.7%
Diluted shares, weighted
320m
319m
318m
+0.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
7,772
7,646
7,642
+1.7%
Non-controlling interest
303
265
244
+14.4%
Debt
4,584
4,409
3,660
+4.0%
Other liabilities
3,297
2,884
2,607
+14.3%
Total liabilities and equity
15,956
15,203
14,152
+5.0%
Fixed assets
5,288
4,917
4,283
+7.5%
Goodwill
2,069
1,974
2,005
+4.8%
Intangible assets
862
874
959
-1.4%
Investments
100
28.2
104
+254.7%
Cash and equivalents
1,024
1,483
1,053
-31.0%
Receivables
2,068
1,811
1,707
+14.2%
Inventory
2,745
2,606
2,324
+5.4%
Other assets
1,801
1,510
1,717
+19.2%
Total assets
15,956
15,203
14,152
+5.0%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.