Celanese (CE) FY2011 results: revenue $6.8 billion, up 14.3% on the year
Celanese Corp. (CE) reported revenue of $6.8 billion for fiscal 2011, the year ended 31 December 2011, up 14.3% on the year before. Net income was $427 million, up 13.3%, and diluted earnings per share $2.69. The figures are the company's own, from the 8-K it filed with the SEC on 26 April 2013.
Revenue
$6.8 billion
+14.3% on the year
FY2007FY2011
Operating margin
5.9%
8.5% a year earlier
FY2007FY2011
Net income
$427 million
+13.3% on the year
FY2007FY2011
Diluted EPS
$2.69
+13.0% 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
6,763
5,918
5,082
+14.3%
Cost of revenue
5,346
4,738
4,079
+12.8%
Gross profit
1,417
1,180
1,003
+20.1%
Gross margin
21.0%
19.9%
19.7%
Research and development
98.0
70.0
70.0
+40.0%
Selling, general and administrative
805
505
474
+59.4%
Operating income
402
503
290
-20.1%
Operating margin
5.9%
8.5%
5.7%
Interest expense
221
204
207
+8.3%
Pre-tax income
467
433
251
+7.9%
Income tax
41.0
112
-243
-63.4%
Effective tax rate
8.8%
25.9%
-96.8%
Net income
427
377
498
+13.3%
Net margin
6.3%
6.4%
9.8%
Diluted EPS
$2.69
$2.38
$3.17
+13.0%
$ 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
638
452
596
+41.2%
Capital expenditure
349
201
176
+73.6%
Free cash flow
289
251
420
+15.1%
Free cash flow margin
4.3%
4.2%
8.3%
Cash from investing
-441
-560
31.0
Cash from financing
-253
-388
-112
Depreciation and amortisation
298
287
308
+3.8%
Buybacks
31.0
48.0
0.0
-35.4%
Dividends paid
34.0
28.0
23.0
+21.4%
Diluted shares, weighted
159m
158m
157m
+0.4%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
1,341
926
586
+44.8%
Non-controlling interest
0.0
0.0
0.0
Debt
3,017
3,218
3,259
-6.2%
Other liabilities
4,160
4,137
4,565
+0.6%
Total liabilities and equity
8,518
8,281
8,410
+2.9%
Fixed assets
3,269
3,017
2,797
+8.4%
Goodwill
760
774
798
-1.8%
Intangible assets
197
252
294
-21.8%
Investments
64.0
78.0
83.0
-17.9%
Cash and equivalents
682
740
1,254
-7.8%
Receivables
871
827
721
+5.3%
Inventory
712
610
522
+16.7%
Other assets
1,963
1,983
1,941
-1.0%
Total assets
8,518
8,281
8,410
+2.9%
8-K for the year ended 31 December 2011, filed 26 April 2013: the filing.