Coherent (COHR) FY2012 results: revenue $516 million, up 2.7% on the year
Coherent Corp. (COHR) reported revenue of $516 million for fiscal 2012, the year ended 30 June 2012, up 2.7% on the year before. Net income was $60 million, down 27.1%, and diluted earnings per share $0.94. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2012.
Revenue
$516 million
+2.7% on the year
FY2009FY2012
Operating margin
15.8%
20.2% a year earlier
FY2009FY2012
Net income
$60 million
-27.1% on the year
FY2009FY2012
Diluted EPS
$0.94
-27.7% on the year
FY2009FY2012
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
516
503
345
+2.7%
Cost of revenue
315
296
210
+6.5%
Gross profit
201
207
135
-2.7%
Gross margin
39.0%
41.1%
39.0%
Research and development
21.4
16.1
11.8
+33.2%
Selling, general and administrative
98.4
92.0
71.1
+6.9%
Operating income
81.5
102
51.3
-19.9%
Operating margin
15.8%
20.2%
14.9%
Interest expense
0.2
0.1
0.1
+105.8%
Pre-tax income
88.5
102
51.3
-13.1%
Income tax
17.8
18.7
12.6
-5.2%
Effective tax rate
20.1%
18.4%
24.5%
Net income
60.3
82.7
38.6
-27.1%
Net margin
11.7%
16.4%
11.2%
Diluted EPS
$0.94
$1.30
$0.63
-27.7%
$ 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
88.1
73.5
72.4
+19.8%
Capital expenditure
42.8
40.9
13.8
+4.8%
Free cash flow
45.2
32.6
58.6
+38.6%
Free cash flow margin
8.8%
6.5%
17.0%
Cash from investing
-84.9
-52.5
-65.1
Cash from financing
-14.8
19.2
3.0
Depreciation and amortisation
34.5
28.4
21.0
+21.4%
Share-based compensation
11.6
10.0
8.8
+16.2%
Buybacks
5.0
n/a
n/a
Diluted shares, weighted
64m
64m
62m
+1.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
586
521
410
+12.5%
Non-controlling interest
1.4
0.7
0.5
+96.6%
Redeemable equity
5.2
1.8
0.8
+182.3%
Debt
12.8
18.7
3.4
-31.8%
Other liabilities
101
105
93.9
-3.6%
Total liabilities and equity
706
647
509
+9.2%
Fixed assets
154
138
118
+11.4%
Goodwill
80.7
64.3
56.1
+25.7%
Intangible assets
44.0
28.7
25.0
+53.2%
Cash and equivalents
135
149
108
-9.7%
Receivables
105
90.6
78.6
+15.6%
Inventory
138
126
81.4
+8.8%
Other assets
50.5
49.6
41.9
+1.8%
Total assets
706
647
509
+9.2%
10-K for the year ended 30 June 2012, filed 28 August 2012: the filing.