Agilent Technologies (A) FY2011 results: revenue $6.6 billion, up 21.5% on the year
Agilent Technologies, Inc. (A) reported revenue of $6.6 billion for fiscal 2011, the year ended 31 October 2011, up 21.5% on the year before. Net income was $1.0 billion, up 48.0%, and diluted earnings per share $2.85. The figures are the company's own, from the 10-K it filed with the SEC on 16 December 2011.
Revenue
$6.6 billion
+21.5% on the year
FY2007FY2011
Operating margin
16.2%
10.4% a year earlier
FY2007FY2011
Net income
$1.0 billion
+48.0% on the year
FY2007FY2011
Diluted EPS
$2.85
+46.9% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
6,615
5,444
4,481
+21.5%
Cost of revenue
3,086
2,514
2,189
+22.8%
Gross profit
3,529
2,930
2,292
+20.4%
Gross margin
53.3%
53.8%
51.1%
Research and development
649
612
642
+6.0%
Selling, general and administrative
1,809
1,752
1,603
+3.3%
Operating income
1,071
566
47.0
+89.2%
Operating margin
16.2%
10.4%
1.0%
Interest expense
86.0
96.0
88.0
-10.4%
Pre-tax income
1,310
938
391
+39.7%
Income tax
20.0
8.0
38.0
+150.0%
Effective tax rate
1.5%
0.9%
9.7%
Net income
1,012
684
-31.0
+48.0%
Net margin
15.3%
12.6%
-0.7%
Diluted EPS
$2.85
$1.94
-$0.09
+46.9%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
1,260
718
408
+75.5%
Capital expenditure
188
121
128
+55.4%
Free cash flow
1,072
597
280
+79.6%
Free cash flow margin
16.2%
11.0%
6.2%
Cash from investing
1,294
-1,174
-14.0
Cash from financing
-1,693
601
657
Depreciation and amortisation
253
202
162
+25.2%
Share-based compensation
72.0
66.0
71.0
+9.1%
Buybacks
497
411
157
+20.9%
Dividends paid
0.0
0.0
n/a
Dividend per share
$0.00
$0.00
n/a
Diluted shares, weighted
355m
353m
346m
+0.6%
Shares outstanding at period end
591m
n/a
n/a
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
4,308
3,228
2,506
+33.5%
Non-controlling interest
8.0
8.0
8.0
0.0%
Short-term borrowings
n/a
n/a
1.0
Debt
2,185
3,691
2,904
-40.8%
Other liabilities
2,556
2,769
2,193
-7.7%
Total liabilities and equity
9,057
9,696
7,612
-6.6%
Fixed assets
1,006
980
845
+2.7%
Goodwill
1,567
1,456
655
+7.6%
Intangible assets
429
494
167
-13.2%
Investments
117
142
177
-17.6%
Cash and equivalents
3,527
2,649
2,479
+33.1%
Receivables
860
869
595
-1.0%
Inventory
898
716
552
+25.4%
Other assets
653
2,390
2,142
-72.7%
Total assets
9,057
9,696
7,612
-6.6%
10-K for the year ended 31 October 2011, filed 16 December 2011: the filing.