Aon (AON) FY2012 results: revenue $11.5 billion, up 2.0% on the year
Aon plc (AON) reported revenue of $11.5 billion for fiscal 2012, the year ended 31 December 2012, up 2.0% on the year before. Net income was $993 million, up 1.4%, and diluted earnings per share $2.99. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$11.5 billion
+2.0% on the year
FY2007FY2012
Operating margin
13.9%
14.1% a year earlier
FY2007FY2012
Net income
$993 million
+1.4% on the year
FY2007FY2012
Diluted EPS
$2.99
+4.2% 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
11,514
11,287
8,512
+2.0%
Operating income
1,596
1,596
1,244
0.0%
Operating margin
13.9%
14.1%
14.6%
Interest expense
228
245
182
-6.9%
Pre-tax income
1,380
1,388
n/a
-0.6%
Income tax
360
378
300
-4.8%
Effective tax rate
26.1%
27.2%
n/a
Net income
993
979
706
+1.4%
Net margin
8.6%
8.7%
8.3%
Diluted EPS
$2.99
$2.87
$2.37
+4.2%
$ 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
1,419
1,018
783
+39.4%
Capital expenditure
269
241
180
+11.6%
Free cash flow
1,150
777
603
+48.0%
Free cash flow margin
10.0%
6.9%
7.1%
Cash from investing
177
-186
-2,539
Cash from financing
-1,586
-896
1,823
Depreciation and amortisation
232
220
151
+5.5%
Share-based compensation
212
235
221
-9.8%
Buybacks
1,125
828
250
+35.9%
Dividends paid
204
200
175
+2.0%
Dividend per share
$0.62
$0.60
$0.60
+3.3%
Diluted shares, weighted
333m
341m
298m
-2.4%
Shares outstanding at period end
311m
324m
332m
-4.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
7,762
8,078
8,251
-3.9%
Non-controlling interest
43.0
42.0
55.0
+2.4%
Debt
3,713
4,492
4,506
-17.3%
Other liabilities
18,968
16,940
16,170
+12.0%
Total liabilities and equity
30,486
29,552
28,982
+3.2%
Fixed assets
820
783
781
+4.7%
Goodwill
8,943
8,770
8,647
+2.0%
Intangible assets
2,975
3,276
3,611
-9.2%
Investments
511
1,024
1,097
-50.1%
Cash and equivalents
291
272
346
+7.0%
Receivables
3,101
3,183
2,701
-2.6%
Other assets
13,845
12,244
11,799
+13.1%
Total assets
30,486
29,552
28,982
+3.2%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.