Otter Tail (OTTR) FY2014 results: revenue $799 million, up 7.5% on the year
Otter Tail Corp. (OTTR) reported revenue of $799 million for fiscal 2014, the year ended 31 December 2014, up 7.5% on the year before. Net income was $58 million, up 13.5%, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2015.
Revenue
$799 million
+7.5% on the year
FY2008FY2014
Operating margin
12.5%
12.7% a year earlier
FY2008FY2014
Net income
$58 million
+13.5% on the year
FY2008FY2014
Diluted EPS
$1.57
+12.9% on the year
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
799
743
710
+7.5%
Operating income
99.5
94.2
94.3
+5.6%
Operating margin
12.5%
12.7%
13.3%
Pre-tax income
73.4
61.1
53.2
+20.2%
Income tax
16.6
12.5
7.2
+32.3%
Effective tax rate
22.5%
20.5%
13.5%
Net income
57.7
50.9
-5.3
+13.5%
Net margin
7.2%
6.8%
-0.7%
Diluted EPS
$1.57
$1.39
-$0.17
+12.9%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
112
148
234
-23.9%
Capital expenditure
164
160
114
+2.3%
Free cash flow
-51.1
-12.1
119
Free cash flow margin
-6.4%
-1.6%
16.8%
Cash from investing
-164
-149
-83.6
Cash from financing
50.9
-49.0
-112
Depreciation and amortisation
58.1
57.9
57.9
+0.3%
Share-based compensation
1.8
1.5
1.3
+22.5%
Buybacks
0.6
15.7
0.1
-96.2%
Dividend per share
$1.21
$1.19
$1.19
+1.7%
Diluted shares, weighted
37m
36m
36m
+1.1%
Shares outstanding at period end
37m
36m
36m
+2.6%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
573
535
522
+7.1%
Debt
510
441
422
+15.6%
Other liabilities
656
585
659
+12.1%
Total liabilities and equity
1,738
1,561
1,602
+11.4%
Fixed assets
1,269
1,156
1,049
+9.8%
Goodwill
31.5
31.5
31.5
0.0%
Intangible assets
11.3
12.2
14.3
-8.0%
Investments
8.6
9.4
9.5
-8.3%
Cash and equivalents
n/a
2.0
54.7
Receivables
60.2
57.8
91.2
+4.1%
Inventory
85.2
72.7
69.3
+17.2%
Other assets
273
219
282
+24.4%
Total assets
1,738
1,561
1,602
+11.4%
10-K for the year ended 31 December 2014, filed 2 March 2015: the filing.