Onto Innovation (ONTO) FY2014 results: revenue $187 million, up 12.6% on the year
Onto Innovation Inc. (ONTO) reported revenue of $187 million for fiscal 2014, the year ended 26 December 2015, up 12.6% on the year before. Net income was $3 million, and diluted earnings per share $0.12. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2016.
Revenue
$187 million
+12.6% on the year
FY2008FY2014
Operating margin
2.7%
-7.0% a year earlier
FY2008FY2014
Net income
$3 million
FY2008FY2014
Diluted EPS
$0.12
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
187
166
144
+12.6%
Cost of revenue
97.7
90.6
81.6
+7.8%
Gross profit
89.7
75.8
62.7
+18.3%
Gross margin
47.9%
45.6%
43.4%
Research and development
32.7
33.8
32.7
-3.2%
Operating income
5.0
-11.7
-21.7
Operating margin
2.7%
-7.0%
-15.0%
Interest expense
0.3
0.4
0.7
-25.7%
Pre-tax income
5.6
-11.6
-23.6
Income tax
2.7
19.5
-9.4
-86.3%
Effective tax rate
47.8%
n/a
n/a
Net income
2.9
-31.1
-14.1
Net margin
1.6%
-18.7%
-9.8%
Diluted EPS
$0.12
-$1.30
-$0.61
$ 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
1.6
-0.6
-2.4
Capital expenditure
1.8
5.8
5.7
-68.1%
Free cash flow
-0.3
-6.4
-8.1
Free cash flow margin
-0.1%
-3.9%
-5.6%
Cash from investing
n/a
-8.1
-7.8
Cash from financing
n/a
-0.7
-7.5
Depreciation and amortisation
9.1
9.8
8.8
-7.1%
Share-based compensation
6.2
6.8
7.7
-7.5%
Buybacks
1.7
5.3
5.0
-67.8%
Diluted shares, weighted
24m
24m
23m
+1.7%
Shares outstanding at period end
24m
24m
24m
+1.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
187
180
207
+4.3%
Debt
0.0
0.0
0.0
Other liabilities
48.2
43.7
55.5
+10.3%
Total liabilities and equity
236
223
263
+5.5%
Fixed assets
44.5
49.6
47.4
-10.4%
Goodwill
9.4
10.5
11.7
-10.3%
Intangible assets
1.9
4.3
7.9
-56.5%
Investments
44.9
49.3
48.1
-8.8%
Cash and equivalents
38.2
34.7
44.8
+10.0%
Receivables
37.8
26.1
31.4
+44.8%
Inventory
47.7
35.1
34.5
+36.0%
Other assets
11.1
13.6
37.0
-18.6%
Total assets
236
223
263
+5.5%
10-K for the year ended 26 December 2015, filed 24 February 2016: the filing.