Celanese (CE) FY2010 results: revenue $5.9 billion, up 16.5% on the year
Celanese Corp. (CE) reported revenue of $5.9 billion for fiscal 2010, the year ended 31 December 2010, up 16.5% on the year before. Net income was $377 million, down 24.3%, and diluted earnings per share $2.38. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2012.
Revenue
$5.9 billion
+16.5% on the year
FY2007FY2010
Operating margin
8.5%
5.7% a year earlier
FY2007FY2010
Net income
$377 million
-24.3% on the year
FY2007FY2010
Diluted EPS
$2.38
-24.9% on the year
FY2007FY2010
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Revenue
5,918
5,082
6,823
+16.5%
Cost of revenue
4,738
4,079
5,567
+16.2%
Gross profit
1,180
1,003
1,256
+17.6%
Gross margin
19.9%
19.7%
18.4%
Research and development
70.0
70.0
75.0
0.0%
Selling, general and administrative
505
474
545
+6.5%
Operating income
503
290
440
+73.4%
Operating margin
8.5%
5.7%
6.4%
Interest expense
204
207
261
-1.4%
Pre-tax income
433
251
n/a
+72.5%
Income tax
112
-243
63.0
Effective tax rate
25.9%
-96.8%
n/a
Net income
377
498
281
-24.3%
Net margin
6.4%
9.8%
4.1%
Diluted EPS
$2.38
$3.17
$1.72
-24.9%
$ 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
FY2010
FY2009
FY2008
On the year
Last 8 years
Operating cash flow
452
596
586
-24.2%
Capital expenditure
201
176
274
+14.2%
Free cash flow
251
420
312
-40.2%
Free cash flow margin
4.2%
8.3%
4.6%
Cash from investing
-560
31.0
-201
Cash from financing
-388
-112
-499
Depreciation and amortisation
287
308
360
-6.8%
Buybacks
48.0
0.0
378
Dividends paid
28.0
23.0
24.0
+21.7%
Diluted shares, weighted
158m
157m
163m
+0.8%
Balance sheet
$ million
FY2010
FY2009
FY2008
On the year
Last 8 years
Shareholders' equity
926
586
182
+58.0%
Non-controlling interest
0.0
0.0
2.0
Debt
3,218
3,259
3,300
-1.3%
Other liabilities
4,137
4,565
3,682
-9.4%
Total liabilities and equity
8,281
8,410
7,166
-1.5%
Fixed assets
3,017
2,797
2,470
+7.9%
Goodwill
774
798
779
-3.0%
Intangible assets
252
294
364
-14.3%
Investments
78.0
83.0
100
-6.0%
Cash and equivalents
740
1,254
676
-41.0%
Receivables
827
721
631
+14.7%
Inventory
610
522
577
+16.9%
Other assets
1,983
1,941
1,569
+2.2%
Total assets
8,281
8,410
7,166
-1.5%
10-K for the year ended 31 December 2010, filed 10 February 2012: the filing.