Amphenol (APH) FY2012 results: revenue $4.3 billion, up 8.9% on the year
Amphenol Corp. (APH) reported revenue of $4.3 billion for fiscal 2012, the year ended 31 December 2012, up 8.9% on the year before. Net income was $555 million, up 5.9%, and diluted earnings per share $0.21. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$4.3 billion
+8.9% on the year
FY2007FY2012
Operating margin
19.3%
19.1% a year earlier
FY2007FY2012
Net income
$555 million
+5.9% on the year
FY2007FY2012
Diluted EPS
$0.21
+11.2% 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
4,292
3,940
3,554
+8.9%
Cost of revenue
2,949
2,696
2,396
+9.4%
Gross profit
1,343
1,244
1,158
+8.0%
Gross margin
31.3%
31.6%
32.6%
Research and development
92.5
88.9
77.6
+4.1%
Selling, general and administrative
513
486
458
+5.5%
Operating income
828
752
700
+10.2%
Operating margin
19.3%
19.1%
19.7%
Interest expense
59.6
43.0
40.7
+38.5%
Pre-tax income
779
717
664
+8.7%
Income tax
219
188
161
+16.7%
Effective tax rate
28.2%
26.2%
24.3%
Net income
555
524
496
+5.9%
Net margin
12.9%
13.3%
14.0%
Diluted EPS
$0.21
$0.19
$0.18
+11.2%
$ 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
675
565
425
+19.4%
Capital expenditure
129
100
109
+28.8%
Free cash flow
546
465
315
+17.3%
Free cash flow margin
12.7%
11.8%
8.9%
Cash from investing
n/a
n/a
-348
Cash from financing
n/a
n/a
64.7
Depreciation and amortisation
122
119
103
+2.0%
Share-based compensation
31.4
28.7
25.4
+9.5%
Buybacks
380
672
n/a
-43.5%
Dividends paid
70.1
10.3
10.4
+582.0%
Dividend per share
$0.03
$0.00
$0.00
+608.1%
Diluted shares, weighted
2,623m
2,749m
2,821m
-4.6%
Shares outstanding at period end
2,558m
2,610m
2,809m
-2.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,430
2,172
2,321
+11.9%
Non-controlling interest
12.2
13.0
21.9
-6.1%
Debt
1,706
1,377
800
+23.9%
Other liabilities
1,067
883
873
+20.8%
Total liabilities and equity
5,215
4,445
4,016
+17.3%
Fixed assets
417
381
367
+9.7%
Goodwill
1,933
1,746
1,533
+10.7%
Investments
252
134
98.3
+88.0%
Cash and equivalents
691
515
526
+34.1%
Receivables
911
767
719
+18.7%
Inventory
734
650
549
+12.9%
Other assets
278
253
224
+10.2%
Total assets
5,215
4,445
4,016
+17.3%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.