Peabody Energy (BTU) FY2011 results: revenue $7.9 billion, up 18.4% on the year
Peabody Energy Corp. (BTU) reported revenue of $7.9 billion for fiscal 2011, the year ended 31 December 2011, up 18.4% on the year before. Net income was $958 million, up 23.7%, and diluted earnings per share $52.80. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2013.
Revenue
$7.9 billion
+18.4% on the year
FY2007FY2011
Operating margin
20.2%
20.3% a year earlier
FY2007FY2011
Net income
$958 million
+23.7% on the year
FY2007FY2011
Diluted EPS
$52.80
+23.9% 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
7,896
6,668
5,847
+18.4%
Selling, general and administrative
268
232
199
+15.5%
Operating income
1,596
1,351
822
+18.1%
Operating margin
20.2%
20.3%
14.1%
Interest expense
239
222
201
+7.5%
Pre-tax income
1,376
1,139
629
+20.8%
Income tax
363
314
186
+15.8%
Effective tax rate
26.4%
27.5%
29.6%
Net income
958
774
448
+23.7%
Net margin
12.1%
11.6%
7.7%
Diluted EPS
$52.80
$42.60
$24.90
+23.9%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
1,633
1,087
1,050
+50.2%
Capital expenditure
847
546
383
+55.2%
Free cash flow
786
541
667
+45.2%
Free cash flow margin
10.0%
8.1%
11.4%
Cash from investing
-3,808
-704
-406
Cash from financing
1,678
-77.1
-105
Depreciation and amortisation
474
430
400
+10.4%
Share-based compensation
43.9
41.1
38.8
+6.8%
Buybacks
0.0
0.0
0.0
Dividends paid
92.1
79.4
66.8
+16.0%
Dividend per share
$5.10
$4.42
$3.75
+15.3%
Diluted shares, weighted
18m
18m
18m
+0.1%
Shares outstanding at period end
18m
18m
18m
+0.3%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
5,485
4,661
3,750
+17.7%
Non-controlling interest
30.7
28.6
6.2
+7.3%
Debt
6,658
2,750
2,738
+142.1%
Other liabilities
4,560
3,924
3,461
+16.2%
Total liabilities and equity
16,733
11,363
9,955
+47.3%
Fixed assets
11,252
7,263
7,262
+54.9%
Investments
n/a
0.0
n/a
Securities held for sale or to maturity
0.0
n/a
n/a
Cash and equivalents
799
1,295
989
-38.3%
Receivables
922
556
303
+66.0%
Inventory
444
327
325
+35.8%
Other assets
3,315
1,922
1,077
+72.5%
Total assets
16,733
11,363
9,955
+47.3%
10-K for the year ended 31 December 2011, filed 25 February 2013: the filing.