Cabot (CBT) FY2012 results: revenue $3.3 billion, up 6.1% on the year
Cabot Corp. (CBT) reported revenue of $3.3 billion for fiscal 2012, the year ended 30 September 2012, up 6.1% on the year before. Net income was $388 million, up 64.4%, and diluted earnings per share $5.99. The figures are the company's own, from the 10-K it filed with the SEC on 29 November 2012.
Revenue
$3.3 billion
+6.1% on the year
FY2008FY2012
Operating margin
8.8%
7.8% a year earlier
FY2008FY2012
Net income
$388 million
+64.4% on the year
FY2008FY2012
Diluted EPS
$5.99
+67.8% 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
3,291
3,102
2,716
+6.1%
Cost of revenue
2,652
2,544
2,206
+4.2%
Gross profit
644
558
510
+15.4%
Gross margin
19.6%
18.0%
18.8%
Research and development
72.0
66.0
65.0
+9.1%
Selling, general and administrative
281
249
241
+12.9%
Operating income
291
243
204
+19.8%
Operating margin
8.8%
7.8%
7.5%
Interest expense
46.0
39.0
40.0
+17.9%
Pre-tax income
245
203
166
+20.7%
Income tax
55.0
6.0
30.0
+816.7%
Effective tax rate
22.4%
3.0%
18.1%
Net income
388
236
154
+64.4%
Net margin
11.8%
7.6%
5.7%
Diluted EPS
$5.99
$3.57
$2.35
+67.8%
$ 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
415
195
249
+112.8%
Capital expenditure
281
230
108
+22.2%
Free cash flow
134
-35.0
141
Free cash flow margin
4.1%
-1.1%
5.2%
Cash from investing
-1,180
-232
-112
Cash from financing
606
-72.0
-57.0
Depreciation and amortisation
154
142
137
+8.5%
Share-based compensation
18.0
19.0
27.0
-5.3%
Buybacks
36.0
59.0
5.0
-39.0%
Dividends paid
49.0
47.0
47.0
+4.3%
Dividend per share
$0.76
$0.72
$0.72
+5.6%
Diluted shares, weighted
64m
65m
64m
-1.8%
Shares outstanding at period end
63m
64m
65m
-0.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,813
1,487
1,302
+21.9%
Non-controlling interest
126
129
115
-2.3%
Debt
1,419
699
652
+103.0%
Other liabilities
1,041
826
817
+26.0%
Total liabilities and equity
4,399
3,141
2,886
+40.1%
Fixed assets
1,547
1,036
937
+49.3%
Goodwill
478
40.0
39.0
+1,095.0%
Intangible assets
330
3.0
4.0
+10,900.0%
Cash and equivalents
120
286
387
-58.0%
Inventory
533
393
307
+35.6%
Other assets
1,391
1,383
1,212
+0.6%
Total assets
4,399
3,141
2,886
+40.1%
10-K for the year ended 30 September 2012, filed 29 November 2012: the filing.