Eplus (PLUS) FY2014 results: revenue $1.1 billion, up 7.6% on the year
Eplus Inc. (PLUS) reported revenue of $1.1 billion for fiscal 2014, the year ended 31 March 2014, up 7.6% on the year before. Net income was $35 million, up 1.3%, and diluted earnings per share $1.09. The figures are the company's own, from the 10-K it filed with the SEC on 4 June 2014.
Revenue
$1.1 billion
+7.6% on the year
FY2010FY2014
Operating margin
5.7%
6.0% a year earlier
FY2010FY2014
Net income
$35 million
+1.3% on the year
FY2010FY2014
Diluted EPS
$1.09
+1.2% on the year
FY2010FY2014
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
1,058
983
826
+7.6%
Cost of revenue
841
778
654
+8.0%
Gross profit
217
205
172
+5.9%
Gross margin
20.5%
20.8%
20.8%
Operating income
60.1
58.7
39.6
+2.3%
Operating margin
5.7%
6.0%
4.8%
Pre-tax income
60.1
58.7
39.6
+2.3%
Income tax
24.8
23.9
16.2
+3.8%
Effective tax rate
41.3%
40.7%
41.0%
Net income
35.3
34.8
23.4
+1.3%
Net margin
3.3%
3.5%
2.8%
Diluted EPS
$1.09
$1.08
$0.71
+1.2%
$ 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
-8.2
41.3
-21.6
Cash from investing
-28.8
-12.7
-38.2
Cash from financing
64.5
-9.7
17.8
Depreciation and amortisation
14.8
12.2
9.4
+21.3%
Share-based compensation
4.0
3.3
2.4
+20.9%
Buybacks
13.2
1.9
19.4
+597.8%
Dividends paid
0.1
20.1
0.0
-99.5%
Dividend per share
n/a
$0.62
n/a
Diluted shares, weighted
32m
32m
33m
+1.2%
Shares outstanding at period end
32m
33m
32m
-1.4%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
266
238
220
+11.8%
Debt
n/a
41.7
28.1
Other liabilities
287
160
186
+79.7%
Total liabilities and equity
554
440
434
+25.9%
Fixed assets
4.3
2.2
2.1
+94.0%
Goodwill
29.6
28.7
28.4
+3.2%
Intangible assets
n/a
4.3
5.1
Cash and equivalents
80.2
52.7
33.8
+52.1%
Inventory
22.6
14.8
23.5
+53.0%
Other assets
417
337
341
+23.7%
Total assets
554
440
434
+25.9%
10-K for the year ended 31 March 2014, filed 4 June 2014: the filing.