Otter Tail (OTTR) FY2013 results: revenue $743 million, up 4.7% on the year
Otter Tail Corp. (OTTR) reported revenue of $743 million for fiscal 2013, the year ended 31 December 2013, up 4.7% on the year before. Net income was $51 million, and diluted earnings per share $1.39. The figures are the company's own, from the 10-K it filed with the SEC on 3 March 2014.
Revenue
$743 million
+4.7% on the year
FY2008FY2013
Operating margin
12.7%
13.3% a year earlier
FY2008FY2013
Net income
$51 million
FY2008FY2013
Diluted EPS
$1.39
FY2008FY2013
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
743
710
840
+4.7%
Operating income
94.2
94.3
71.9
-0.1%
Operating margin
12.7%
13.3%
8.6%
Pre-tax income
61.1
53.2
39.0
+14.9%
Income tax
12.5
7.2
4.1
+74.5%
Effective tax rate
20.5%
13.5%
10.6%
Net income
50.9
-5.3
-13.2
Net margin
6.8%
-0.7%
-1.6%
Diluted EPS
$1.39
-$0.17
-$0.40
$ 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
148
234
104
-36.7%
Capital expenditure
160
114
67.4
+40.0%
Free cash flow
-12.1
119
37.0
Free cash flow margin
-1.6%
16.8%
4.4%
Cash from investing
-149
-83.6
5.4
Cash from financing
-49.0
-112
-95.5
Depreciation and amortisation
57.9
57.9
58.3
+0.0%
Share-based compensation
1.5
1.3
2.2
+11.1%
Buybacks
15.7
0.1
1.2
+14,064.9%
Dividend per share
$1.19
$1.19
$1.19
0.0%
Diluted shares, weighted
36m
36m
36m
+0.3%
Shares outstanding at period end
36m
36m
36m
+0.3%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
535
522
571
+2.5%
Debt
441
422
472
+4.5%
Other liabilities
585
659
657
-11.2%
Total liabilities and equity
1,561
1,602
1,701
-2.6%
Fixed assets
1,156
1,049
1,003
+10.1%
Goodwill
31.5
31.5
39.1
0.0%
Intangible assets
12.2
14.3
15.3
-14.5%
Investments
9.4
9.5
11.1
-1.2%
Cash and equivalents
2.0
54.7
18.2
-96.3%
Receivables
57.8
91.2
93.4
-36.6%
Inventory
72.7
69.3
68.7
+4.8%
Other assets
219
282
452
-22.3%
Total assets
1,561
1,602
1,701
-2.6%
10-K for the year ended 31 December 2013, filed 3 March 2014: the filing.