Unitil (UTL) FY2013 results: revenue $367 million, up 3.9% on the year
Unitil Corp. (UTL) reported revenue of $367 million for fiscal 2013, the year ended 31 December 2013, up 3.9% on the year before. Net income was $22 million, up 18.7%, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K it filed with the SEC on 29 January 2014.
Revenue
$367 million
+3.9% on the year
FY2008FY2013
Operating margin
14.6%
13.5% a year earlier
FY2008FY2013
Net income
$22 million
+18.7% on the year
FY2008FY2013
Diluted EPS
$1.57
+9.8% 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
367
353
353
+3.9%
Operating income
53.5
47.5
47.2
+12.6%
Operating margin
14.6%
13.5%
13.4%
Interest expense
22.0
22.3
22.0
-1.3%
Pre-tax income
34.3
29.2
n/a
+17.5%
Income tax
12.7
11.0
10.0
+15.3%
Effective tax rate
36.9%
37.6%
n/a
Net income
21.6
18.2
16.4
+18.7%
Net margin
5.9%
5.2%
4.6%
Diluted EPS
$1.57
$1.43
$1.50
+9.8%
$ 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
96.3
66.7
45.9
+44.4%
Capital expenditure
89.5
68.5
57.1
+30.7%
Free cash flow
6.8
-1.8
-11.2
Free cash flow margin
1.9%
-0.5%
-3.2%
Cash from investing
-89.5
-68.5
-57.1
Cash from financing
-7.2
4.1
9.8
Dividends paid
19.1
17.2
15.2
+11.0%
Dividend per share
$1.38
$1.38
$1.38
0.0%
Diluted shares, weighted
14m
13m
11m
+8.7%
Shares outstanding at period end
14m
14m
11m
+0.4%
Balance sheet
$ million
FY2013
FY2012
FY2011
On the year
Last 8 years
Shareholders' equity
265
260
192
+1.8%
Redeemable equity
0.0
0.0
n/a
Short-term borrowings
n/a
n/a
87.9
Debt
348
337
288
+3.1%
Other liabilities
308
295
288
+4.5%
Total liabilities and equity
921
892
856
+3.2%
Cash and equivalents
9.4
9.8
7.5
-4.1%
Receivables
52.2
47.7
44.2
+9.4%
Other assets
859
835
804
+2.9%
Total assets
921
892
856
+3.2%
10-K for the year ended 31 December 2013, filed 29 January 2014: the filing.