Astec Industries (ASTE) FY2012 results: revenue $936 million, up 3.0% on the year
Astec Industries Inc. (ASTE) reported revenue of $936 million for fiscal 2012, the year ended 31 December 2012, up 3.0% on the year before. Net income was $41 million, up 0.7%, and diluted earnings per share $1.77. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$936 million
+3.0% on the year
FY2008FY2012
Operating margin
5.5%
6.4% a year earlier
FY2008FY2012
Net income
$41 million
+0.7% on the year
FY2008FY2012
Diluted EPS
$1.77
+0.6% on the year
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
936
909
737
+3.0%
Cost of revenue
729
697
562
+4.6%
Gross profit
208
212
175
-1.7%
Gross margin
22.2%
23.3%
23.7%
Research and development
20.5
20.8
16.0
-1.2%
Operating income
51.1
58.4
49.2
-12.5%
Operating margin
5.5%
6.4%
6.7%
Interest expense
0.3
0.2
0.3
+78.4%
Pre-tax income
64.2
80.0
62.1
-19.7%
Income tax
19.5
19.7
16.6
-1.2%
Effective tax rate
30.4%
24.7%
26.8%
Net income
40.8
40.6
32.4
+0.7%
Net margin
4.4%
4.5%
4.4%
Diluted EPS
$1.77
$1.76
$1.42
+0.6%
$ 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
28.6
32.3
62.0
-11.4%
Capital expenditure
26.0
36.1
11.3
-28.0%
Free cash flow
2.6
-3.8
50.7
Free cash flow margin
0.3%
-0.4%
6.9%
Cash from investing
17.3
-68.8
-11.1
Cash from financing
-22.5
0.9
2.0
Depreciation and amortisation
23.0
19.3
18.7
+19.7%
Share-based compensation
1.3
2.8
2.4
-54.1%
Dividends paid
22.8
0.0
0.0
Dividend per share
$1.00
n/a
n/a
Diluted shares, weighted
23m
23m
23m
+0.3%
Shares outstanding at period end
23m
23m
23m
+0.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
549
529
492
+3.9%
Non-controlling interest
1.6
0.6
0.6
+171.3%
Debt
0.0
0.0
0.0
Other liabilities
178
191
157
-6.7%
Total liabilities and equity
729
720
650
+1.2%
Fixed assets
183
188
168
-2.8%
Goodwill
15.0
15.0
13.9
+0.1%
Intangible assets
7.8
9.8
5.3
-20.1%
Investments
11.6
9.7
11.7
+18.8%
Trading assets
11.6
9.7
11.7
+18.8%
Cash and equivalents
80.9
57.5
94.6
+40.7%
Receivables
85.6
97.9
78.0
-12.6%
Inventory
313
299
253
+4.6%
Other assets
20.8
33.1
13.3
-37.3%
Total assets
729
720
650
+1.2%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.