Cognex (CGNX) FY2012 results: revenue $324 million, up 0.7% on the year
Cognex Corp. (CGNX) reported revenue of $324 million for fiscal 2012, the year ended 31 December 2012, up 0.7% on the year before. Net income was $68 million, down 2.5%, and diluted earnings per share $0.39. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2013.
Revenue
$324 million
+0.7% on the year
FY2008FY2012
Operating margin
25.7%
26.5% a year earlier
FY2008FY2012
Net income
$68 million
-2.5% on the year
FY2008FY2012
Diluted EPS
$0.39
-4.3% 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
324
322
291
+0.7%
Cost of revenue
79.5
77.9
77.6
+2.0%
Gross profit
245
244
213
+0.3%
Gross margin
75.5%
75.8%
73.3%
Research and development
41.5
40.9
33.1
+1.5%
Selling, general and administrative
120
118
104
+1.8%
Operating income
83.4
85.4
75.7
-2.3%
Operating margin
25.7%
26.5%
26.0%
Pre-tax income
86.6
87.1
76.1
-0.6%
Income tax
18.5
17.2
14.7
+7.4%
Effective tax rate
21.4%
19.8%
19.3%
Net income
68.1
69.9
61.4
-2.5%
Net margin
21.0%
21.7%
21.1%
Diluted EPS
$0.39
$0.41
$0.38
-4.3%
$ 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
101
86.3
76.3
+17.2%
Capital expenditure
9.9
7.8
5.9
+26.3%
Free cash flow
91.3
78.5
70.5
+16.3%
Free cash flow margin
28.1%
24.4%
24.2%
Cash from investing
-38.9
-90.2
-176
Cash from financing
-45.2
9.8
20.2
Depreciation and amortisation
10.9
9.8
9.8
+11.3%
Share-based compensation
8.5
8.1
3.0
+5.6%
Buybacks
0.0
10.0
n/a
Dividends paid
66.2
15.1
10.0
+338.1%
Dividend per share
$0.39
$0.09
$0.06
+327.8%
Diluted shares, weighted
175m
171m
161m
+2.1%
Shares outstanding at period end
172m
169m
n/a
+2.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
572
553
473
+3.5%
Other liabilities
55.3
58.9
59.8
-6.1%
Total liabilities and equity
628
612
533
+2.6%
Fixed assets
34.8
31.7
29.6
+9.7%
Goodwill
81.7
82.0
82.2
-0.4%
Intangible assets
14.8
18.9
23.1
-21.9%
Investments
343
319
250
+7.5%
Cash and equivalents
45.2
38.1
33.2
+18.5%
Receivables
42.4
48.2
45.9
-12.1%
Inventory
26.2
28.1
22.7
-6.8%
Other assets
39.2
45.5
46.5
-13.7%
Total assets
628
612
533
+2.6%
10-K for the year ended 31 December 2012, filed 11 February 2013: the filing.