Insulet (PODD) FY2013 results: revenue $185 million, down 12.4% on the year
Insulet Corp. (PODD) reported revenue of $185 million for fiscal 2013, the year ended 31 December 2013, down 12.4% on the year before. Net income was -$45 million, and diluted earnings per share $-0.83. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$185 million
-12.4% on the year
FY2009FY2013
Operating margin
-14.4%
-17.0% a year earlier
FY2009FY2013
Net income
-$45 million
FY2009FY2013
Diluted EPS
-$0.83
FY2009FY2013
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
185
211
152
-12.4%
Cost of revenue
95.4
119
85.5
-19.9%
Gross profit
89.8
92.3
66.7
-2.8%
Gross margin
48.5%
43.7%
43.8%
Research and development
21.8
24.4
21.9
-10.6%
Operating income
-26.7
-36.0
-42.5
Operating margin
-14.4%
-17.0%
-27.9%
Interest expense
16.9
16.4
n/a
+2.9%
Pre-tax income
-42.5
-51.7
-57.0
Income tax
0.0
0.2
-11.2
-89.6%
Net income
-45.0
-51.9
-45.8
Net margin
-24.3%
-24.5%
-30.1%
Diluted EPS
-$0.83
-$1.08
-$1.22
$ 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
3.3
-29.1
-25.5
Capital expenditure
7.3
11.0
11.1
-33.5%
Free cash flow
-4.0
-40.0
-36.6
Free cash flow margin
-2.1%
-18.9%
-24.0%
Cash from investing
-7.3
-11.0
-49.0
Cash from financing
96.4
3.4
55.1
+2,745.1%
Depreciation and amortisation
11.8
11.0
8.5
+7.0%
Share-based compensation
12.7
9.9
7.7
+27.9%
Shares outstanding at period end
55m
48m
48m
+13.5%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
125
44.2
82.7
+182.0%
Debt
114
118
109
-3.8%
Other liabilities
49.7
35.7
30.0
+39.1%
Total liabilities and equity
288
198
221
+45.4%
Fixed assets
32.4
25.4
19.4
+27.3%
Goodwill
37.4
37.5
37.5
-0.4%
Intangible assets
18.0
23.0
29.0
-21.4%
Cash and equivalents
150
57.3
94.0
+161.3%
Receivables
33.1
33.3
23.2
-0.7%
Inventory
9.5
14.9
11.8
-36.3%
Other assets
7.9
6.7
6.4
+18.3%
Total assets
288
198
221
+45.4%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.