Unitil (UTL) FY2014 results: revenue $426 million, up 16.1% on the year
Unitil Corp. (UTL) reported revenue of $426 million for fiscal 2014, the year ended 31 December 2014, up 16.1% on the year before. Net income was $25 million, up 14.4%, and diluted earnings per share $1.79. The figures are the company's own, from the 10-K it filed with the SEC on 28 January 2015.
Revenue
$426 million
+16.1% on the year
FY2008FY2014
Operating margin
14.1%
14.6% a year earlier
FY2008FY2014
Net income
$25 million
+14.4% on the year
FY2008FY2014
Diluted EPS
$1.79
+14.0% 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
426
367
353
+16.1%
Operating income
60.0
53.5
47.5
+12.1%
Operating margin
14.1%
14.6%
13.5%
Interest expense
22.2
22.0
22.3
+0.9%
Pre-tax income
38.7
34.3
29.2
+12.8%
Income tax
14.0
12.7
11.0
+10.6%
Effective tax rate
36.2%
36.9%
37.6%
Net income
24.7
21.6
18.2
+14.4%
Net margin
5.8%
5.9%
5.2%
Diluted EPS
$1.79
$1.57
$1.43
+14.0%
$ 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
84.0
96.3
66.7
-12.8%
Capital expenditure
92.6
89.5
68.5
+3.5%
Free cash flow
-8.6
6.8
-1.8
Free cash flow margin
-2.0%
1.9%
-0.5%
Cash from investing
n/a
-89.5
-68.5
Cash from financing
n/a
-7.2
4.1
Dividends paid
19.2
19.1
17.2
+0.5%
Dividend per share
$1.38
$1.38
$1.38
0.0%
Diluted shares, weighted
14m
14m
13m
+0.5%
Shares outstanding at period end
14m
14m
14m
+0.5%
Balance sheet
$ million
FY2014
FY2013
FY2012
On the year
Last 8 years
Shareholders' equity
273
265
260
+3.1%
Redeemable equity
0.0
0.0
0.0
Debt
362
348
337
+4.2%
Other liabilities
362
308
295
+17.3%
Total liabilities and equity
997
921
892
+8.3%
Trading assets
0.0
n/a
n/a
Cash and equivalents
8.4
9.4
9.8
-10.6%
Receivables
60.7
52.2
47.7
+16.3%
Other assets
928
859
835
+8.0%
Total assets
997
921
892
+8.3%
10-K for the year ended 31 December 2014, filed 28 January 2015: the filing.