Amphenol (APH) FY2011 results: revenue $3.9 billion, up 10.9% on the year
Amphenol Corp. (APH) reported revenue of $3.9 billion for fiscal 2011, the year ended 31 December 2011, up 10.9% on the year before. Net income was $524 million, up 5.6%, and diluted earnings per share $0.19. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2012.
Revenue
$3.9 billion
+10.9% on the year
FY2007FY2011
Operating margin
19.1%
19.7% a year earlier
FY2007FY2011
Net income
$524 million
+5.6% on the year
FY2007FY2011
Diluted EPS
$0.19
+8.2% 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
3,940
3,554
2,820
+10.9%
Cost of revenue
2,696
2,396
1,934
+12.5%
Gross profit
1,244
1,158
887
+7.4%
Gross margin
31.6%
32.6%
31.4%
Research and development
88.9
77.6
64.0
+14.6%
Selling, general and administrative
486
458
398
+6.2%
Operating income
752
700
489
+7.3%
Operating margin
19.1%
19.7%
17.3%
Interest expense
43.0
40.7
36.6
+5.6%
Pre-tax income
717
664
447
+8.0%
Income tax
188
161
119
+16.5%
Effective tax rate
26.2%
24.3%
26.7%
Net income
524
496
318
+5.6%
Net margin
13.3%
14.0%
11.3%
Diluted EPS
$0.19
$0.18
$0.11
+8.2%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
565
425
582
+33.0%
Capital expenditure
100
109
63.1
-8.4%
Free cash flow
465
315
519
+47.4%
Free cash flow margin
11.8%
8.9%
18.4%
Cash from investing
n/a
-348
-373
Cash from financing
n/a
64.7
-34.3
Depreciation and amortisation
119
103
98.5
+16.1%
Share-based compensation
28.7
25.4
20.2
+13.0%
Buybacks
672
n/a
n/a
Dividends paid
10.3
10.4
10.3
-1.3%
Dividend per share
$0.00
$0.00
$0.00
0.0%
Diluted shares, weighted
2,749m
2,821m
2,783m
-2.6%
Shares outstanding at period end
2,610m
2,809m
2,771m
-7.1%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
2,172
2,321
1,746
-6.4%
Non-controlling interest
13.0
21.9
16.7
-40.5%
Short-term borrowings
n/a
n/a
0.4
Debt
1,377
800
753
+72.1%
Other liabilities
883
873
1,499
+1.2%
Total liabilities and equity
4,445
4,016
4,016
+10.7%
Fixed assets
381
367
333
+3.7%
Goodwill
1,746
1,533
1,369
+13.9%
Investments
134
98.3
37.8
+36.1%
Cash and equivalents
515
526
385
-2.1%
Receivables
767
719
450
+6.8%
Inventory
650
549
462
+18.3%
Other assets
253
224
981
+13.0%
Total assets
4,445
4,016
4,016
+10.7%
10-K for the year ended 31 December 2011, filed 24 February 2012: the filing.