Somnigroup International (SGI) FY2014 results: revenue $3.0 billion, up 21.3% on the year
Somnigroup International Inc. (SGI) reported revenue of $3.0 billion for fiscal 2014, the year ended 31 December 2014, up 21.3% on the year before. Net income was $109 million, up 38.5%, and diluted earnings per share $0.44. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2015.
Revenue
$3.0 billion
+21.3% on the year
FY2008FY2014
Operating margin
9.2%
9.9% a year earlier
FY2008FY2014
Net income
$109 million
+38.5% on the year
FY2008FY2014
Diluted EPS
$0.44
+36.7% 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
2,990
2,464
1,403
+21.3%
Cost of revenue
1,839
1,449
688
+26.9%
Gross profit
1,150
1,015
715
+13.4%
Gross margin
38.5%
41.2%
50.9%
Research and development
21.6
21.0
15.6
+2.9%
Operating income
276
244
248
+13.3%
Operating margin
9.2%
9.9%
17.7%
Interest expense
91.9
111
18.8
-17.1%
Pre-tax income
175
128
229
+36.6%
Income tax
64.9
49.1
122
+32.2%
Effective tax rate
37.1%
38.4%
53.4%
Net income
109
78.6
107
+38.5%
Net margin
3.6%
3.2%
7.6%
Diluted EPS
$0.44
$0.32
$0.42
+36.7%
$ 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
225
98.5
190
+128.6%
Capital expenditure
47.5
40.0
50.5
+18.8%
Free cash flow
178
58.5
139
+203.8%
Free cash flow margin
5.9%
2.4%
9.9%
Cash from investing
-10.4
-1,213
-55.0
Cash from financing
-238
1,013
-70.8
Depreciation and amortisation
89.7
91.5
42.0
-2.0%
Share-based compensation
13.4
16.9
5.7
-20.7%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
248m
246m
252m
+0.8%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
203
119
22.3
+70.9%
Redeemable equity
12.6
11.5
n/a
+9.6%
Debt
1,565
1,836
1,025
-14.8%
Other liabilities
803
763
272
+5.2%
Total liabilities and equity
2,583
2,730
1,320
-5.4%
Fixed assets
356
412
186
-13.6%
Goodwill
736
760
216
-3.0%
Intangible assets
727
750
63.1
-3.1%
Cash and equivalents
62.5
81.0
179
-22.8%
Receivables
386
349
136
+10.5%
Inventory
217
199
93.0
+9.0%
Other assets
98.0
179
446
-45.3%
Total assets
2,583
2,730
1,320
-5.4%
10-K for the year ended 31 December 2014, filed 13 February 2015: the filing.