AMETEK (AME) FY2012 results: revenue $3.3 billion, up 11.5% on the year
AMETEK Inc. (AME) reported revenue of $3.3 billion for fiscal 2012, the year ended 31 December 2012, up 11.5% on the year before. Net income was $459 million, up 19.4%, and diluted earnings per share $1.88. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$3.3 billion
+11.5% on the year
FY2007FY2012
Operating margin
22.4%
21.3% a year earlier
FY2007FY2012
Net income
$459 million
+19.4% on the year
FY2007FY2012
Diluted EPS
$1.88
+19.0% 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
3,334
2,990
2,471
+11.5%
Research and development
84.9
78.0
56.8
+8.8%
Selling, general and administrative
381
349
296
+8.9%
Operating income
746
636
482
+17.3%
Operating margin
22.4%
21.3%
19.5%
Interest expense
75.5
69.7
67.5
+8.2%
Pre-tax income
662
557
406
+19.0%
Income tax
203
172
122
+18.1%
Effective tax rate
30.7%
30.9%
30.1%
Net income
459
384
284
+19.4%
Net margin
13.8%
12.9%
11.5%
Diluted EPS
$1.88
$1.58
$1.17
+19.0%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
612
509
423
+20.4%
Capital expenditure
57.4
50.8
39.2
+13.0%
Free cash flow
555
458
384
+21.3%
Free cash flow margin
16.6%
15.3%
15.5%
Cash from investing
-804
-526
-567
Cash from financing
175
31.9
62.6
+447.9%
Depreciation and amortisation
105
86.5
72.9
+21.9%
Share-based compensation
19.4
22.1
16.6
-12.5%
Buybacks
4.6
59.3
78.6
-92.2%
Dividends paid
53.1
38.4
28.6
+38.4%
Dividend per share
$0.22
$0.16
$0.12
+37.5%
Diluted shares, weighted
244m
243m
241m
+0.3%
Shares outstanding at period end
243m
241m
241m
+1.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,535
2,053
1,775
+23.5%
Debt
1,454
1,264
1,169
+15.0%
Other liabilities
1,201
1,003
875
+19.8%
Total liabilities and equity
5,190
4,319
3,819
+20.2%
Fixed assets
383
325
318
+17.9%
Goodwill
2,208
1,806
1,574
+22.3%
Intangible assets
1,310
983
762
+33.2%
Investments
n/a
4.6
5.6
Cash and equivalents
158
170
163
-7.3%
Receivables
508
438
400
+15.9%
Inventory
429
380
335
+12.7%
Other assets
194
211
262
-8.3%
Total assets
5,190
4,319
3,819
+20.2%
10-K for the year ended 31 December 2012, filed 21 February 2013: the filing.