Silgan Holdings (SLGN) FY2014 results: revenue $3.9 billion, up 5.5% on the year
Silgan Holdings Inc. (SLGN) reported revenue of $3.9 billion for fiscal 2014, the year ended 31 December 2014, up 5.5% on the year before. Net income was $182 million, down 1.6%, and diluted earnings per share $1.43. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2015.
Revenue
$3.9 billion
+5.5% on the year
FY2008FY2014
Operating margin
9.2%
8.7% a year earlier
FY2008FY2014
Net income
$182 million
-1.6% on the year
FY2008FY2014
Diluted EPS
$1.43
-0.3% 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
3,912
3,709
3,588
+5.5%
Cost of revenue
3,312
3,161
3,071
+4.8%
Gross profit
600
547
518
+9.6%
Gross margin
15.3%
14.8%
14.4%
Selling, general and administrative
224
211
183
+6.4%
Operating income
361
324
326
+11.3%
Operating margin
9.2%
8.7%
9.1%
Interest expense
74.8
67.4
63.0
+11.0%
Pre-tax income
285
255
224
+11.7%
Income tax
102
69.3
72.4
+47.4%
Effective tax rate
35.9%
27.2%
32.4%
Net income
182
185
151
-1.6%
Net margin
4.7%
5.0%
4.2%
Diluted EPS
$1.43
$1.44
$1.08
-0.3%
$ 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
348
351
352
-0.7%
Capital expenditure
140
103
119
+36.2%
Free cash flow
208
248
232
-16.1%
Free cash flow margin
5.3%
6.7%
6.5%
Cash from investing
-157
-376
-437
Cash from financing
-129
-279
154
Depreciation and amortisation
148
168
165
-11.7%
Share-based compensation
12.4
10.0
n/a
+24.2%
Buybacks
24.7
268
34.1
-90.8%
Dividends paid
38.6
36.2
33.8
+6.7%
Dividend per share
$0.30
$0.28
$0.24
+7.1%
Diluted shares, weighted
127m
129m
140m
-1.4%
Shares outstanding at period end
126m
127m
138m
-0.3%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
710
714
754
-0.5%
Debt
1,599
1,704
1,671
-6.2%
Other liabilities
965
903
869
+6.8%
Total liabilities and equity
3,274
3,321
3,294
-1.4%
Fixed assets
1,064
1,118
1,099
-4.9%
Goodwill
630
651
511
-3.2%
Intangible assets
212
229
172
-7.6%
Cash and equivalents
223
160
466
+38.7%
Receivables
311
333
327
-6.7%
Inventory
549
516
516
+6.4%
Other assets
286
313
204
-8.6%
Total assets
3,274
3,321
3,294
-1.4%
10-K for the year ended 31 December 2014, filed 27 February 2015: the filing.