Paccar (PCAR) FY2013 results: revenue $17.1 billion, up 0.4% on the year
Paccar Inc. (PCAR) reported revenue of $17.1 billion for fiscal 2013, the year ended 31 December 2013, up 0.4% on the year before. Net income was $1.2 billion, up 5.4%, and diluted earnings per share $2.20. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2014.
Revenue
$17.1 billion
+0.4% on the year
FY2008FY2013
Operating margin
n/a
FY2008FY2013
Net income
$1.2 billion
+5.4% on the year
FY2008FY2013
Diluted EPS
$2.20
+5.8% on the year
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
17,124
17,050
16,355
+0.4%
Interest expense
n/a
n/a
192
Pre-tax income
1,695
1,629
1,507
+4.1%
Income tax
524
517
465
+1.2%
Effective tax rate
30.9%
31.8%
30.8%
Net income
1,171
1,112
1,042
+5.4%
Net margin
6.8%
6.5%
6.4%
Diluted EPS
$2.20
$2.08
$1.91
+5.8%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
2,376
1,519
1,593
+56.4%
Capital expenditure
511
515
341
-0.9%
Free cash flow
1,865
1,004
1,252
+85.8%
Free cash flow margin
10.9%
5.9%
7.7%
Cash from investing
-2,151
-2,588
-2,419
Cash from financing
274
210
946
+30.7%
Depreciation and amortisation
211
701
674
-69.9%
Share-based compensation
14.0
13.9
13.8
+0.7%
Buybacks
n/a
162
338
Dividends paid
283
810
217
-65.0%
Diluted shares, weighted
533m
534m
547m
-0.2%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
6,634
5,847
5,364
+13.5%
Debt
8,424
n/a
n/a
Other liabilities
5,667
12,781
11,808
-55.7%
Total liabilities and equity
20,726
18,628
17,173
+11.3%
Fixed assets
2,513
2,313
1,973
+8.7%
Goodwill
145
139
137
+3.7%
Cash and equivalents
1,750
1,272
2,107
+37.5%
Other assets
16,318
14,903
12,956
+9.5%
Total assets
20,726
18,628
17,173
+11.3%
10-K for the year ended 31 December 2013, filed 27 February 2014: the filing.