Franklin Templeton (BEN) FY2011 results: revenue $7.1 billion, up 22.0% on the year
Franklin Templeton Inc. (BEN) reported revenue of $7.1 billion for fiscal 2011, the year ended 30 September 2011, up 22.0% on the year before. Net income was $1.9 billion, up 33.1%, and diluted earnings per share $2.87. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2011.
Revenue
$7.1 billion
+22.0% on the year
FY2007FY2011
Operating margin
37.3%
33.5% a year earlier
FY2007FY2011
Net income
$1.9 billion
+33.1% on the year
FY2007FY2011
Diluted EPS
$2.87
+36.2% on the year
FY2007FY2011
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
7,140
5,853
4,194
+22.0%
Operating income
2,660
1,959
1,203
+35.8%
Operating margin
37.3%
33.5%
28.7%
Interest expense
37.4
16.5
3.8
+126.8%
Pre-tax income
2,624
2,070
1,289
+26.8%
Income tax
803
618
384
+29.9%
Effective tax rate
30.6%
29.9%
29.8%
Net income
1,924
1,446
897
+33.1%
Net margin
26.9%
24.7%
21.4%
Diluted EPS
$2.87
$2.11
$1.29
+36.2%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
1,622
1,651
641
-1.8%
Capital expenditure
132
57.4
45.2
+129.5%
Free cash flow
1,490
1,594
596
-6.5%
Free cash flow margin
20.9%
27.2%
14.2%
Cash from investing
436
-32.7
290
Cash from financing
-968
-595
-341
Depreciation and amortisation
71.5
67.7
61.5
+5.6%
Share-based compensation
88.7
81.7
84.4
+8.6%
Buybacks
954
676
377
+41.2%
Dividends paid
216
884
193
-75.5%
Dividend per share
$0.33
$1.29
$0.28
-74.2%
Diluted shares, weighted
666m
682m
694m
-2.3%
Shares outstanding at period end
653m
672m
688m
-2.8%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
8,525
7,727
7,632
+10.3%
Non-controlling interest
579
3.5
2.3
+16,676.6%
Deposits
890
656
665
+35.8%
Debt
1,133
980
0.0
+15.6%
Other liabilities
2,649
1,342
1,169
+97.4%
Total liabilities and equity
13,776
10,708
9,468
+28.6%
Fixed assets
590
549
535
+7.4%
Goodwill
1,536
1,444
1,437
+6.4%
Intangible assets
612
562
568
+8.8%
Investments
2,923
761
1,535
+283.9%
Loans
402
375
311
+7.2%
Trading assets
529
23.4
111
+2,162.6%
Cash and equivalents
5,199
3,985
2,983
+30.4%
Receivables
772
684
582
+12.9%
Other assets
1,214
2,323
1,408
-47.8%
Total assets
13,776
10,708
9,468
+28.6%
10-K for the year ended 30 September 2011, filed 15 November 2011: the filing.