Ball (BALL) FY2011 results: revenue $8.6 billion, up 13.1% on the year
Ball Corp. (BALL) reported revenue of $8.6 billion for fiscal 2011, the year ended 31 December 2011, up 13.1% on the year before. Net income was $444 million, down 5.1%, and diluted earnings per share $1.31. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2012.
Revenue
$8.6 billion
+13.1% on the year
FY2008FY2011
Operating margin
9.7%
10.0% a year earlier
FY2008FY2011
Net income
$444 million
-5.1% on the year
FY2008FY2011
Diluted EPS
$1.31
+3.1% on the year
FY2008FY2011
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
8,631
7,630
6,710
+13.1%
Cost of revenue
7,081
6,254
5,518
+13.2%
Gross profit
1,281
1,132
1,192
+13.2%
Gross margin
14.8%
14.8%
17.8%
Research and development
22.3
22.2
26.4
+0.5%
Selling, general and administrative
381
357
309
+6.9%
Operating income
837
765
654
+9.5%
Operating margin
9.7%
10.0%
9.7%
Interest expense
177
158
117
+11.9%
Pre-tax income
660
606
537
+8.8%
Income tax
201
176
160
+14.5%
Effective tax rate
30.5%
29.0%
29.8%
Net income
444
468
388
-5.1%
Net margin
5.1%
6.1%
5.8%
Diluted EPS
$1.31
$1.27
$1.02
+3.1%
$ 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
948
515
560
+84.1%
Capital expenditure
444
250
158
+77.4%
Free cash flow
505
265
402
+90.4%
Free cash flow margin
5.8%
3.5%
6.0%
Cash from investing
-738
-110
-581
Cash from financing
-217
-460
101
Depreciation and amortisation
301
266
243
+13.4%
Share-based compensation
24.7
24.4
26.5
+1.2%
Buybacks
513
554
37.0
-7.4%
Dividends paid
45.7
35.8
37.4
+27.7%
Dividend per share
$0.14
$0.10
$0.10
+40.0%
Diluted shares, weighted
337m
367m
380m
-8.1%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
1,219
1,518
1,581
-19.7%
Non-controlling interest
159
140
1.7
+13.4%
Debt
3,144
2,812
2,284
+11.8%
Other liabilities
2,762
2,457
2,621
+12.4%
Total liabilities and equity
7,285
6,928
6,488
+5.2%
Fixed assets
2,220
2,048
1,752
+8.4%
Goodwill
2,247
2,105
2,008
+6.7%
Intangible assets
181
149
n/a
+21.1%
Cash and equivalents
166
152
211
+9.1%
Receivables
841
774
535
+8.6%
Inventory
1,072
1,084
881
-1.1%
Other assets
558
615
1,102
-9.3%
Total assets
7,285
6,928
6,488
+5.2%
10-K for the year ended 31 December 2011, filed 22 February 2012: the filing.