Interface (TILE) FY2013 results: revenue $960 million, up 3.0% on the year
Interface Inc. (TILE) reported revenue of $960 million for fiscal 2013, the year ended 29 December 2013, up 3.0% on the year before. Net income was $48 million, up 712.0%, and diluted earnings per share $0.73. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$960 million
+3.0% on the year
FY2009FY2013
Operating margin
10.0%
6.9% a year earlier
FY2009FY2013
Net income
$48 million
+712.0% on the year
FY2009FY2013
Diluted EPS
$0.73
+711.1% on the year
FY2009FY2013
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
960
932
953
+3.0%
Cost of revenue
619
615
618
+0.7%
Gross profit
341
317
335
+7.5%
Gross margin
35.5%
34.0%
35.1%
Research and development
12.6
12.4
12.1
+1.6%
Selling, general and administrative
252
231
243
+9.1%
Operating income
95.6
64.6
85.7
+47.9%
Operating margin
10.0%
6.9%
9.0%
Interest expense
23.8
25.0
26.3
-4.9%
Pre-tax income
69.0
38.1
58.9
+81.1%
Income tax
20.7
15.2
20.9
+36.5%
Effective tax rate
30.1%
39.9%
35.4%
Net income
48.3
5.9
38.7
+712.0%
Net margin
5.0%
0.6%
4.1%
Diluted EPS
$0.73
$0.09
$0.59
+711.1%
$ 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
66.6
46.9
24.4
+42.1%
Capital expenditure
91.9
42.4
38.0
+116.5%
Free cash flow
-25.2
4.5
-13.7
Free cash flow margin
-2.6%
0.5%
-1.4%
Cash from investing
-65.8
7.8
-39.6
Cash from financing
-16.0
-15.9
-3.6
Depreciation and amortisation
24.7
25.9
25.2
-4.7%
Share-based compensation
n/a
3.3
10.1
Buybacks
0.0
0.0
n/a
Dividends paid
7.3
5.9
5.2
+22.9%
Dividend per share
$0.11
$0.09
$0.08
+22.2%
Diluted shares, weighted
66m
66m
65m
+0.6%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
341
296
281
+15.2%
Debt
274
283
295
-3.3%
Other liabilities
182
211
197
-13.7%
Total liabilities and equity
796
789
772
+0.9%
Fixed assets
231
166
178
+39.3%
Goodwill
77.9
75.7
74.6
+3.0%
Cash and equivalents
72.9
90.5
50.6
-19.5%
Receivables
132
137
141
-3.9%
Inventory
150
141
140
+6.0%
Other assets
133
179
188
-25.6%
Total assets
796
789
772
+0.9%
10-K for the year ended 29 December 2013, filed 26 February 2014: the filing.