Paccar (PCAR) FY2014 results: revenue $19.0 billion, up 10.9% on the year
Paccar Inc. (PCAR) reported revenue of $19.0 billion for fiscal 2014, the year ended 31 December 2014, up 10.9% on the year before. Net income was $1.4 billion, up 16.0%, and diluted earnings per share $2.55. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2015.
Revenue
$19.0 billion
+10.9% on the year
FY2008FY2014
Operating margin
n/a
FY2008FY2014
Net income
$1.4 billion
+16.0% on the year
FY2008FY2014
Diluted EPS
$2.55
+15.8% 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
18,997
17,124
17,050
+10.9%
Pre-tax income
2,018
1,695
1,629
+19.0%
Income tax
659
524
517
+25.8%
Effective tax rate
32.7%
30.9%
31.8%
Net income
1,359
1,171
1,112
+16.0%
Net margin
7.2%
6.8%
6.5%
Diluted EPS
$2.55
$2.20
$2.08
+15.8%
$ 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
FY2014
FY2013
FY2012
On the year
Last 8 years
Operating cash flow
2,124
2,376
1,519
-10.6%
Capital expenditure
298
511
515
-41.6%
Free cash flow
1,825
1,865
1,004
-2.1%
Free cash flow margin
9.6%
10.9%
5.9%
Cash from investing
n/a
-2,151
-2,588
Cash from financing
n/a
274
210
Depreciation and amortisation
285
211
701
+35.4%
Share-based compensation
16.2
14.0
13.9
+15.7%
Buybacks
42.7
n/a
162
Dividends paid
624
283
810
+120.3%
Diluted shares, weighted
534m
533m
534m
+0.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
6,753
6,634
5,847
+1.8%
Debt
8,231
8,424
n/a
-2.3%
Other liabilities
5,635
5,667
12,781
-0.6%
Total liabilities and equity
20,619
20,726
18,628
-0.5%
Fixed assets
2,313
2,513
2,313
-8.0%
Goodwill
129
145
139
-11.1%
Cash and equivalents
1,738
1,750
1,272
-0.7%
Other assets
16,439
16,318
14,903
+0.7%
Total assets
20,619
20,726
18,628
-0.5%
10-K for the year ended 31 December 2014, filed 26 February 2015: the filing.