Pursuit Attractions & Hospitality (PRSU) FY2014 results: revenue $1.1 billion, up 11.7% on the year
Pursuit Attractions & Hospitality, Inc. (PRSU) reported revenue of $1.1 billion for fiscal 2014, the year ended 31 December 2014, up 11.7% on the year before. Net income was $52 million, up 142.9%, and diluted earnings per share $2.59. The figures are the company's own, from the 10-K it filed with the SEC on 13 March 2015.
Revenue
$1.1 billion
+11.7% on the year
FY2009FY2014
Operating margin
4.3%
3.7% a year earlier
FY2009FY2014
Net income
$52 million
+142.9% on the year
FY2009FY2014
Diluted EPS
$2.59
+144.3% on the year
FY2009FY2014
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
1,065
953
1,007
+11.7%
Cost of revenue
1,005
916
968
+9.7%
Gross profit
59.9
37.1
38.2
+61.2%
Gross margin
5.6%
3.9%
3.8%
Operating income
45.5
35.2
28.8
+29.5%
Operating margin
4.3%
3.7%
2.9%
Interest expense
2.0
1.2
1.3
+63.3%
Pre-tax income
41.3
27.6
23.1
+49.4%
Income tax
0.1
8.3
19.6
-98.7%
Effective tax rate
0.3%
30.1%
84.6%
Net income
52.4
21.6
5.9
+142.9%
Net margin
4.9%
2.3%
0.6%
Diluted EPS
$2.59
$1.06
$0.29
+144.3%
$ 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
58.1
6.1
69.2
+859.4%
Capital expenditure
29.4
36.1
27.7
-18.6%
Free cash flow
28.7
-30.1
41.5
Free cash flow margin
2.7%
-3.2%
4.1%
Cash from investing
-121
-22.0
-49.5
Cash from financing
76.9
-50.4
-8.3
Depreciation and amortisation
30.8
28.0
30.1
+10.1%
Share-based compensation
2.9
5.2
7.2
-43.9%
Buybacks
12.3
1.3
1.7
+827.8%
Dividends paid
38.4
58.9
4.5
-34.8%
Dividend per share
$1.90
$2.90
$0.28
-34.5%
Diluted shares, weighted
20m
20m
20m
-0.7%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
335
347
388
-3.5%
Non-controlling interest
12.3
9.1
9.0
+35.3%
Debt
141
22.6
3.6
+524.8%
Other liabilities
224
183
250
+22.7%
Total liabilities and equity
713
562
651
+26.9%
Fixed assets
200
190
197
+4.9%
Goodwill
194
130
138
+49.9%
Intangible assets
43.0
4.5
2.5
+859.1%
Cash and equivalents
57.0
45.8
114
+24.4%
Receivables
78.1
61.2
62.8
+27.7%
Inventory
32.4
28.0
35.7
+15.7%
Other assets
109
103
100
+6.0%
Total assets
713
562
651
+26.9%
10-K for the year ended 31 December 2014, filed 13 March 2015: the filing.