Rockwell Automation (ROK) FY2014 results: revenue $6.6 billion, up 4.3% on the year
Rockwell Automation, Inc. (ROK) reported revenue of $6.6 billion for fiscal 2014, the year ended 30 September 2014, up 4.3% on the year before. Net income was $827 million, up 9.3%, and diluted earnings per share $5.91. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2014.
Revenue
$6.6 billion
+4.3% on the year
FY2007FY2014
Operating margin
n/a
FY2007FY2014
Net income
$827 million
+9.3% on the year
FY2007FY2014
Diluted EPS
$5.91
+10.3% on the year
FY2007FY2014
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
6,624
6,352
6,259
+4.3%
Cost of revenue
3,870
3,778
3,737
+2.4%
Gross profit
2,754
2,574
2,523
+7.0%
Gross margin
41.6%
40.5%
40.3%
Research and development
290
261
248
+11.3%
Selling, general and administrative
1,570
1,538
1,492
+2.1%
Interest expense
59.3
60.9
60.1
-2.6%
Pre-tax income
1,134
981
966
+15.6%
Income tax
307
225
229
+36.9%
Effective tax rate
27.1%
22.9%
23.7%
Net income
827
756
737
+9.3%
Net margin
12.5%
11.9%
11.8%
Diluted EPS
$5.91
$5.36
$5.13
+10.3%
$ 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
1,033
1,008
718
+2.5%
Capital expenditure
141
146
140
-3.6%
Free cash flow
892
862
578
+3.6%
Free cash flow margin
13.5%
13.6%
9.2%
Depreciation and amortisation
152
145
139
+5.0%
Share-based compensation
42.5
41.1
43.5
+3.4%
Buybacks
486
403
259
+20.6%
Dividends paid
320
276
247
+16.0%
Dividend per share
$2.32
$1.98
$1.75
+17.2%
Diluted shares, weighted
140m
141m
143m
-0.9%
Shares outstanding at period end
137m
139m
140m
-1.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
2,658
2,586
1,852
+2.8%
Debt
1,225
1,084
1,062
+13.0%
Other liabilities
2,346
2,175
2,723
+7.9%
Total liabilities and equity
6,230
5,845
5,636
+6.6%
Fixed assets
633
616
587
+2.7%
Goodwill
1,051
1,023
949
+2.7%
Intangible assets
246
213
210
+15.7%
Investments
628
373
350
+68.6%
Cash and equivalents
1,191
1,201
904
-0.8%
Receivables
1,216
1,186
1,187
+2.5%
Inventory
588
615
619
-4.4%
Other assets
676
618
831
+9.4%
Total assets
6,230
5,845
5,636
+6.6%
10-K for the year ended 30 September 2014, filed 18 November 2014: the filing.