Archrock (AROC) FY2012 results: revenue $2.8 billion, up 7.0% on the year
Archrock, Inc. (AROC) reported revenue of $2.8 billion for fiscal 2012, the year ended 31 December 2012, up 7.0% on the year before. Net income was -$39 million, and diluted earnings per share $-0.62. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$2.8 billion
+7.0% on the year
FY2008FY2012
Operating margin
n/a
-16.0% a year earlier
FY2008FY2012
Net income
-$39 million
FY2008FY2012
Diluted EPS
-$0.62
FY2008FY2012
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
2,794
2,613
2,417
+7.0%
Cost of revenue
1,965
1,892
1,620
+3.8%
Gross profit
829
720
797
+15.1%
Gross margin
29.7%
27.6%
33.0%
Selling, general and administrative
376
352
352
+6.9%
Operating income
n/a
-418
-270
Operating margin
n/a
-16.0%
-11.2%
Interest expense
134
149
136
-10.1%
Pre-tax income
-119
-343
-216
Income tax
-45.8
-11.7
-62.3
Net income
-39.5
-341
-102
Net margin
-1.4%
-13.0%
-4.2%
Diluted EPS
-$0.62
-$5.44
-$1.64
$ 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
390
120
366
+224.1%
Capital expenditure
429
272
232
+57.5%
Free cash flow
-38.8
-152
135
Free cash flow margin
-1.4%
-5.8%
5.6%
Cash from investing
-205
-239
-103
Cash from financing
-171
99.3
-299
Depreciation and amortisation
346
353
392
-1.9%
Share-based compensation
15.4
20.0
23.3
-23.2%
Buybacks
2.4
2.9
2.1
-17.6%
Diluted shares, weighted
63m
63m
62m
+1.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,479
1,437
1,609
+2.9%
Non-controlling interest
224
243
193
-7.9%
Debt
1,599
1,773
1,897
-9.8%
Other liabilities
953
908
1,042
+5.0%
Total liabilities and equity
4,255
4,361
4,742
-2.4%
Fixed assets
2,842
2,912
3,015
-2.4%
Goodwill
n/a
0.0
197
Intangible assets
85.0
135
162
-37.0%
Cash and equivalents
0.4
21.9
44.4
-98.0%
Receivables
451
449
429
+0.3%
Inventory
386
342
396
+12.9%
Other assets
490
501
499
-2.1%
Total assets
4,255
4,361
4,742
-2.4%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.