Celanese (CE) FY2012 results: revenue $6.4 billion, down 5.1% on the year
Celanese Corp. (CE) reported revenue of $6.4 billion for fiscal 2012, the year ended 31 December 2012, down 5.1% on the year before. Net income was $372 million, down 12.9%, and diluted earnings per share $2.33. The figures are the company's own, from the 10-K it filed with the SEC on 8 February 2013.
Revenue
$6.4 billion
-5.1% on the year
FY2007FY2012
Operating margin
2.7%
5.9% a year earlier
FY2007FY2012
Net income
$372 million
-12.9% on the year
FY2007FY2012
Diluted EPS
$2.33
-13.4% 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
6,418
6,763
5,918
-5.1%
Cost of revenue
5,237
5,346
4,738
-2.0%
Gross profit
1,181
1,417
1,180
-16.7%
Gross margin
18.4%
21.0%
19.9%
Research and development
104
98.0
70.0
+6.1%
Selling, general and administrative
830
805
505
+3.1%
Operating income
175
402
503
-56.5%
Operating margin
2.7%
5.9%
8.5%
Interest expense
185
221
204
-16.3%
Pre-tax income
321
467
433
-31.3%
Income tax
-55.0
41.0
112
Effective tax rate
-17.1%
8.8%
25.9%
Net income
372
427
377
-12.9%
Net margin
5.8%
6.3%
6.4%
Diluted EPS
$2.33
$2.69
$2.38
-13.4%
$ 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
722
638
452
+13.2%
Capital expenditure
349
349
201
0.0%
Free cash flow
373
289
251
+29.1%
Free cash flow margin
5.8%
4.3%
4.2%
Cash from investing
-500
-441
-560
Cash from financing
49.0
-253
-388
Depreciation and amortisation
308
298
287
+3.4%
Share-based compensation
20.0
n/a
n/a
Buybacks
45.0
31.0
48.0
+45.2%
Dividends paid
43.0
34.0
28.0
+26.5%
Diluted shares, weighted
160m
159m
158m
+0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,730
1,341
926
+29.0%
Non-controlling interest
0.0
0.0
0.0
Debt
3,098
3,017
3,218
+2.7%
Other liabilities
4,172
4,160
4,137
+0.3%
Total liabilities and equity
9,000
8,518
8,281
+5.7%
Fixed assets
3,350
3,269
3,017
+2.5%
Goodwill
777
760
774
+2.2%
Intangible assets
165
197
252
-16.2%
Investments
53.0
64.0
78.0
-17.2%
Cash and equivalents
959
682
740
+40.6%
Receivables
827
871
827
-5.1%
Inventory
711
712
610
-0.1%
Other assets
2,158
1,963
1,983
+9.9%
Total assets
9,000
8,518
8,281
+5.7%
10-K for the year ended 31 December 2012, filed 8 February 2013: the filing.