Franklin Templeton (BEN) FY2012 results: revenue $7.1 billion, down 0.5% on the year
Franklin Templeton Inc. (BEN) reported revenue of $7.1 billion for fiscal 2012, the year ended 30 September 2012, down 0.5% on the year before. Net income was $1.9 billion, up 0.4%, and diluted earnings per share $2.98. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2012.
Revenue
$7.1 billion
-0.5% on the year
FY2007FY2012
Operating margin
35.4%
37.3% a year earlier
FY2007FY2012
Net income
$1.9 billion
+0.4% on the year
FY2007FY2012
Diluted EPS
$2.98
+3.8% on the year
FY2007FY2012
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
7,101
7,140
5,853
-0.5%
Operating income
2,515
2,660
1,959
-5.4%
Operating margin
35.4%
37.3%
33.5%
Interest expense
36.7
37.4
16.5
-2.0%
Pre-tax income
2,678
2,624
2,070
+2.1%
Income tax
763
803
618
-5.1%
Effective tax rate
28.5%
30.6%
29.9%
Net income
1,931
1,924
1,446
+0.4%
Net margin
27.2%
26.9%
24.7%
Diluted EPS
$2.98
$2.87
$2.11
+3.8%
$ 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
1,066
1,622
1,651
-34.3%
Capital expenditure
78.4
132
57.4
-40.5%
Free cash flow
988
1,490
1,594
-33.7%
Free cash flow margin
13.9%
20.9%
27.2%
Cash from investing
873
436
-32.7
+100.4%
Cash from financing
-1,085
-968
-595
Depreciation and amortisation
67.9
71.5
67.7
-5.0%
Share-based compensation
101
88.7
81.7
+14.2%
Buybacks
797
954
676
-16.4%
Dividends paid
663
216
884
+206.5%
Dividend per share
$1.03
$0.33
$1.29
+208.0%
Diluted shares, weighted
643m
666m
682m
-3.5%
Shares outstanding at period end
637m
653m
672m
-2.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
9,201
8,525
7,727
+7.9%
Non-controlling interest
559
579
3.5
-3.4%
Deposits
672
890
656
-24.5%
Debt
1,566
1,133
980
+38.2%
Other liabilities
2,753
2,649
1,342
+3.9%
Total liabilities and equity
14,752
13,776
10,708
+7.1%
Fixed assets
583
590
549
-1.2%
Goodwill
1,541
1,536
1,444
+0.3%
Intangible assets
601
612
562
-1.8%
Investments
n/a
2,923
761
Securities held for sale or to maturity
99.5
n/a
n/a
Loans
254
402
375
-36.7%
Trading assets
1,131
529
23.4
+113.9%
Cash and equivalents
6,051
5,199
3,985
+16.4%
Receivables
n/a
772
684
Other assets
4,491
1,214
2,323
+270.0%
Total assets
14,752
13,776
10,708
+7.1%
10-K for the year ended 30 September 2012, filed 15 November 2012: the filing.