28 January 2015
VIEW PRAXAIR 2014 FY RESULTS PRESENTATION
DETAILS
For the full year of 2014,
reported net income was $1,694 million and
diluted earnings per share was $5.73.
On an adjusted basis, full-year net income was $1,852 million
and diluted earnings per share was $6.27, 5% and 6%
above the prior year, respectively.*
For the full year,
cash flow from operations was strong
at $2,868 million, 23% of sales.
After capital expenditures of $1,689 million,
free cash flow was a record $1,179 million.
The company invested $206 million in acquisitions,
including several U.S. packaged gas distributors.
The company paid dividends of $759 million and
repurchased $759 million of stock, net of issuances.
The debt-to-capital ratio was 59.6% and
debt-to-adjusted EBITDA was 2.3x.
After-tax return on capital and return on equity
for the year were 12.7% and 28.7%, respectively.*
Full-year sales were $12,273, 6% above 2013
excluding negative currency translation.
Growth was driven by higher volumes, pricing and acquisitions.
Reported operating profit was $2,608 million.
Adjusted operating profit of $2,746 million was 6% above 2013,
excluding negative currency translation.*
Full-year 2015 EPS guidance of $6.15 to $6.50;
up 5% to 11%, ex-FX*
WWW.CHEMWINFO.COM BY KHUN PHICHAI
