Agilent Technologies (A) FY2012 results: revenue $6.9 billion, up 3.7% on the year
Agilent Technologies, Inc. (A) reported revenue of $6.9 billion for fiscal 2012, the year ended 31 October 2012, up 3.7% on the year before. Net income was $1.2 billion, up 13.9%, and diluted earnings per share $3.27. The figures are the company's own, from the 10-K it filed with the SEC on 20 December 2012.
Revenue
$6.9 billion
+3.7% on the year
FY2007FY2012
Operating margin
16.3%
16.2% a year earlier
FY2007FY2012
Net income
$1.2 billion
+13.9% on the year
FY2007FY2012
Diluted EPS
$3.27
+14.7% on the year
FY2007FY2012
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Revenue
6,858
6,615
5,444
+3.7%
Cost of revenue
3,254
3,086
2,514
+5.4%
Gross profit
3,604
3,529
2,930
+2.1%
Gross margin
52.6%
53.3%
53.8%
Research and development
668
649
612
+2.9%
Selling, general and administrative
1,817
1,809
1,752
+0.4%
Operating income
1,119
1,071
566
+4.5%
Operating margin
16.3%
16.2%
10.4%
Interest expense
101
86.0
96.0
+17.4%
Pre-tax income
1,384
1,310
938
+5.6%
Income tax
-110
20.0
8.0
Effective tax rate
-7.9%
1.5%
0.9%
Net income
1,153
1,012
684
+13.9%
Net margin
16.8%
15.3%
12.6%
Diluted EPS
$3.27
$2.85
$1.94
+14.7%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
1,228
1,260
718
-2.5%
Capital expenditure
194
188
121
+3.2%
Free cash flow
1,034
1,072
597
-3.5%
Free cash flow margin
15.1%
16.2%
11.0%
Cash from investing
-2,366
1,294
-1,174
Cash from financing
-37.0
-1,693
601
Depreciation and amortisation
301
253
202
+19.0%
Share-based compensation
74.0
72.0
66.0
+2.8%
Buybacks
172
497
411
-65.4%
Dividends paid
104
0.0
0.0
Dividend per share
$0.30
$0.00
$0.00
Diluted shares, weighted
353m
355m
353m
-0.6%
Shares outstanding at period end
595m
591m
n/a
+0.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
5,182
4,308
3,228
+20.3%
Non-controlling interest
3.0
8.0
8.0
-62.5%
Debt
2,362
2,185
3,691
+8.1%
Other liabilities
2,989
2,556
2,769
+16.9%
Total liabilities and equity
10,536
9,057
9,696
+16.3%
Fixed assets
1,164
1,006
980
+15.7%
Goodwill
3,025
1,567
1,456
+93.0%
Intangible assets
1,086
429
494
+153.1%
Investments
120
117
142
+2.6%
Cash and equivalents
2,351
3,527
2,649
-33.3%
Receivables
923
860
869
+7.3%
Inventory
1,014
898
716
+12.9%
Other assets
853
653
2,390
+30.6%
Total assets
10,536
9,057
9,696
+16.3%
10-K for the year ended 31 October 2012, filed 20 December 2012: the filing.