Ball (BALL) FY2012 results: revenue $8.7 billion, up 1.2% on the year
Ball Corp. (BALL) reported revenue of $8.7 billion for fiscal 2012, the year ended 31 December 2012, up 1.2% on the year before. Net income was $396 million, down 10.7%, and diluted earnings per share $1.25. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$8.7 billion
+1.2% on the year
FY2008FY2012
Operating margin
9.0%
9.7% a year earlier
FY2008FY2012
Net income
$396 million
-10.7% on the year
FY2008FY2012
Diluted EPS
$1.25
-4.9% 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
8,736
8,631
7,630
+1.2%
Cost of revenue
n/a
7,081
6,254
Gross profit
1,319
1,281
1,132
+2.9%
Gross margin
15.1%
14.8%
14.8%
Research and development
26.8
22.3
22.2
+20.2%
Selling, general and administrative
386
381
357
+1.1%
Operating income
790
837
765
-5.5%
Operating margin
9.0%
9.7%
10.0%
Interest expense
195
177
158
+10.1%
Pre-tax income
596
660
606
-9.7%
Income tax
172
201
176
-14.5%
Effective tax rate
28.9%
30.5%
29.0%
Net income
396
444
468
-10.7%
Net margin
4.5%
5.1%
6.1%
Diluted EPS
$1.25
$1.31
$1.27
-4.9%
$ 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
853
948
515
-10.0%
Capital expenditure
305
444
250
-31.3%
Free cash flow
548
505
265
+8.6%
Free cash flow margin
6.3%
5.8%
3.5%
Cash from investing
-356
-738
-110
Cash from financing
-487
-217
-460
Depreciation and amortisation
283
301
266
-6.0%
Share-based compensation
26.7
24.7
24.4
+8.1%
Buybacks
547
513
554
+6.6%
Dividends paid
61.8
45.7
35.8
+35.2%
Dividend per share
$0.20
$0.14
$0.10
+42.9%
Diluted shares, weighted
316m
337m
367m
-6.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,115
1,219
1,518
-8.6%
Non-controlling interest
175
159
140
+10.4%
Debt
3,305
3,144
2,812
+5.1%
Other liabilities
2,912
2,762
2,457
+5.4%
Total liabilities and equity
7,507
7,285
6,928
+3.1%
Fixed assets
2,277
2,220
2,048
+2.5%
Goodwill
2,359
2,247
2,105
+5.0%
Intangible assets
163
181
149
-9.8%
Cash and equivalents
174
166
152
+5.0%
Receivables
865
841
774
+2.9%
Inventory
1,044
1,072
1,084
-2.6%
Other assets
625
558
615
+12.0%
Total assets
7,507
7,285
6,928
+3.1%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.