Par Pacific Holdings (PARR) FY2014 results: revenue $3.1 billion, up 250.8% on the year
Par Pacific Holdings, Inc. (PARR) reported revenue of $3.1 billion for fiscal 2014, the year ended 31 December 2014, up 250.8% on the year before. Net income was -$47 million, and diluted earnings per share $-1.44. The figures are the company's own, from the 10-K it filed with the SEC on 12 March 2015.
Revenue
$3.1 billion
+250.8% on the year
FY2009FY2014
Operating margin
-1.2%
-5.4% a year earlier
FY2009FY2014
Net income
-$47 million
FY2009FY2014
Diluted EPS
-$1.44
FY2009FY2014
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2014
FY2013
FY2011
On the year
Last 8 years
Revenue
3,108
886
63.9
+250.8%
Cost of revenue
2,937
857
n/a
+242.7%
Gross profit
171
28.9
n/a
+489.2%
Gross margin
5.5%
3.3%
n/a
Operating income
-37.5
-47.4
-453
Operating margin
-1.2%
-5.4%
-709.5%
Interest expense
18.0
19.4
32.3
-7.4%
Pre-tax income
-47.5
-79.2
-488
Income tax
-0.5
0.0
-4.3
Net income
-47.0
-79.2
-470
Net margin
-1.5%
-8.9%
-735.9%
Diluted EPS
-$1.44
-$4.01
-$16.30
$ 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
FY2011
On the year
Last 8 years
Operating cash flow
-54.6
-35.7
1.0
Capital expenditure
14.3
7.8
1.5
+84.1%
Free cash flow
-68.9
-43.4
-0.5
Free cash flow margin
-2.2%
-4.9%
-0.8%
Cash from investing
-24.3
-564
87.6
Cash from financing
130
632
-90.0
-79.4%
Depreciation and amortisation
14.9
6.0
39.1
+149.0%
Share-based compensation
4.0
1.2
8.0
+241.9%
Buybacks
0.0
0.0
1.0
Diluted shares, weighted
33m
20m
n/a
+65.9%
Balance sheet
$ million
FY2014
FY2013
FY2011
On the year
Last 8 years
Shareholders' equity
292
228
50.2
+28.0%
Non-controlling interest
n/a
n/a
0.0
Debt
131
109
310
+19.8%
Other liabilities
312
476
27.6
-34.4%
Total liabilities and equity
735
813
388
-9.6%
Fixed assets
113
109
361
+4.0%
Goodwill
20.8
20.6
n/a
+0.9%
Intangible assets
7.5
11.2
n/a
-32.8%
Cash and equivalents
89.2
38.1
12.9
+134.4%
Receivables
112
117
5.6
-4.7%
Inventory
244
381
0.2
-35.9%
Other assets
149
137
8.7
+9.0%
Total assets
735
813
388
-9.6%
10-K for the year ended 31 December 2014, filed 12 March 2015: the filing.