Silgan Holdings (SLGN) FY2013 results: revenue $3.7 billion, up 3.3% on the year
Silgan Holdings Inc. (SLGN) reported revenue of $3.7 billion for fiscal 2013, the year ended 31 December 2013, up 3.3% on the year before. Net income was $185 million, up 22.5%, and diluted earnings per share $1.44. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2014.
Revenue
$3.7 billion
+3.3% on the year
FY2008FY2013
Operating margin
8.7%
9.1% a year earlier
FY2008FY2013
Net income
$185 million
+22.5% on the year
FY2008FY2013
Diluted EPS
$1.44
+32.3% on the year
FY2008FY2013
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
3,709
3,588
3,509
+3.3%
Cost of revenue
3,161
3,071
2,991
+2.9%
Gross profit
547
518
519
+5.7%
Gross margin
14.8%
14.4%
14.8%
Selling, general and administrative
211
183
157
+15.1%
Operating income
324
326
354
-0.4%
Operating margin
8.7%
9.1%
10.1%
Interest expense
67.4
63.0
63.0
+6.9%
Pre-tax income
255
224
290
+13.8%
Income tax
69.3
72.4
97.0
-4.3%
Effective tax rate
27.2%
32.4%
33.4%
Net income
185
151
193
+22.5%
Net margin
5.0%
4.2%
5.5%
Diluted EPS
$1.44
$1.08
$1.38
+32.3%
$ 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
FY2013
FY2012
FY2011
On the year
Last 8 years
Operating cash flow
351
352
360
-0.3%
Capital expenditure
103
119
173
-13.5%
Free cash flow
248
232
187
+6.5%
Free cash flow margin
6.7%
6.5%
5.3%
Cash from investing
-376
-437
-460
Cash from financing
-279
154
322
Depreciation and amortisation
168
165
159
+1.6%
Share-based compensation
10.0
n/a
n/a
Buybacks
268
34.1
15.8
+684.6%
Dividends paid
36.2
33.8
31.1
+7.1%
Dividend per share
$0.28
$0.24
$0.22
+16.7%
Diluted shares, weighted
129m
140m
141m
-7.5%
Shares outstanding at period end
127m
138m
140m
-8.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
714
754
658
-5.3%
Debt
1,704
1,671
1,376
+1.9%
Other liabilities
903
869
945
+4.0%
Total liabilities and equity
3,321
3,294
2,979
+0.8%
Fixed assets
1,118
1,099
1,065
+1.8%
Goodwill
651
511
390
+27.4%
Intangible assets
229
172
96.4
+33.3%
Cash and equivalents
160
466
397
-65.5%
Receivables
333
327
340
+1.9%
Inventory
516
516
554
-0.1%
Other assets
313
204
137
+53.8%
Total assets
3,321
3,294
2,979
+0.8%
10-K for the year ended 31 December 2013, filed 28 February 2014: the filing.