Colgate-Palmolive (CL) FY2012 results: revenue $17.1 billion, up 2.1% on the year
Colgate-Palmolive Co. (CL) reported revenue of $17.1 billion for fiscal 2012, the year ended 31 December 2012, up 2.1% on the year before. Net income was $2.5 billion, up 1.7%, and diluted earnings per share $2.58. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2014.
Revenue
$17.1 billion
+2.1% on the year
FY2007FY2012
Operating margin
22.8%
23.0% a year earlier
FY2007FY2012
Net income
$2.5 billion
+1.7% on the year
FY2007FY2012
Diluted EPS
$2.58
+4.3% 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
17,085
16,734
15,564
+2.1%
Cost of revenue
7,153
7,144
6,360
+0.1%
Gross profit
9,932
9,590
9,204
+3.6%
Gross margin
58.1%
57.3%
59.1%
Research and development
259
262
256
-1.1%
Selling, general and administrative
5,930
5,758
5,414
+3.0%
Operating income
3,889
3,841
3,489
+1.2%
Operating margin
22.8%
23.0%
22.4%
Interest expense
81.0
59.0
69.0
+37.3%
Pre-tax income
3,874
3,789
3,430
+2.2%
Income tax
1,243
1,235
1,117
+0.6%
Effective tax rate
32.1%
32.6%
32.6%
Net income
2,472
2,431
2,203
+1.7%
Net margin
14.5%
14.5%
14.2%
Diluted EPS
$2.58
$2.47
$2.15
+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
3,196
2,896
3,211
+10.4%
Capital expenditure
565
537
550
+5.2%
Free cash flow
2,631
2,359
2,661
+11.5%
Free cash flow margin
15.4%
14.1%
17.1%
Cash from investing
-865
-1,213
-658
Cash from financing
-2,301
-1,242
-2,624
Depreciation and amortisation
425
421
376
+1.0%
Share-based compensation
120
122
121
-1.6%
Buybacks
1,943
1,806
2,020
+7.6%
Dividends paid
1,277
1,203
1,142
+6.2%
Diluted shares, weighted
960m
984m
1,022m
-2.4%
Shares outstanding at period end
936m
960m
990m
-2.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,189
2,375
2,675
-7.8%
Non-controlling interest
201
166
142
+21.1%
Debt
5,230
4,810
3,424
+8.7%
Other liabilities
5,774
5,373
4,931
+7.5%
Total liabilities and equity
13,394
12,724
11,172
+5.3%
Fixed assets
3,842
3,668
3,693
+4.7%
Goodwill
2,500
2,494
2,362
+0.2%
Intangible assets
1,499
1,504
831
-0.3%
Cash and equivalents
884
878
490
+0.7%
Receivables
1,668
1,675
1,610
-0.4%
Inventory
1,365
1,327
1,222
+2.9%
Other assets
1,636
1,178
964
+38.9%
Total assets
13,394
12,724
11,172
+5.3%
10-K for the year ended 31 December 2012, filed 20 February 2014: the filing.