United Airlines Holdings (UAL) FY2013 results: revenue $38.3 billion, up 3.0% on the year
United Airlines Holdings, Inc. (UAL) reported revenue of $38.3 billion for fiscal 2013, the year ended 31 December 2013, up 3.0% on the year before. Net income was $571 million, and diluted earnings per share $1.53. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2014.
Revenue
$38.3 billion
+3.0% on the year
FY2008FY2013
Operating margin
3.3%
0.1% a year earlier
FY2008FY2013
Net income
$571 million
FY2008FY2013
Diluted EPS
$1.53
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
38,279
37,152
37,110
+3.0%
Operating income
1,249
39.0
1,822
+3,102.6%
Operating margin
3.3%
0.1%
4.9%
Interest expense
783
835
949
-6.2%
Pre-tax income
539
-724
845
Income tax
-32.0
-1.0
5.0
Effective tax rate
-5.9%
n/a
0.6%
Net income
571
-723
840
Net margin
1.5%
-1.9%
2.3%
Diluted EPS
$1.53
-$2.18
$2.26
$ 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
1,444
935
2,408
+54.4%
Capital expenditure
2,164
2,016
840
+7.3%
Free cash flow
-720
-1,081
1,568
Free cash flow margin
-1.9%
-2.9%
4.2%
Cash from investing
-2,022
-1,957
-1,799
Cash from financing
-972
-454
-2,432
Depreciation and amortisation
1,689
1,522
1,547
+11.0%
Share-based compensation
11.0
14.0
17.0
-21.4%
Buybacks
3.0
4.0
n/a
-25.0%
Diluted shares, weighted
390m
331m
383m
+17.8%
Shares outstanding at period end
362m
332m
331m
+9.0%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
2,984
481
1,806
+520.4%
Debt
11,708
12,404
11,907
-5.6%
Other liabilities
22,120
24,743
24,275
-10.6%
Total liabilities and equity
36,812
37,628
37,988
-2.2%
Fixed assets
18,047
17,292
16,419
+4.4%
Goodwill
4,523
4,523
4,523
0.0%
Intangible assets
4,436
4,597
4,750
-3.5%
Investments
1,901
1,773
1,516
+7.2%
Cash and equivalents
3,220
4,770
6,246
-32.5%
Receivables
1,503
1,338
1,358
+12.3%
Other assets
3,182
3,335
3,176
-4.6%
Total assets
36,812
37,628
37,988
-2.2%
10-K for the year ended 31 December 2013, filed 20 February 2014: the filing.