Cooper Companies (COO) FY2012 results: revenue $1.4 billion, up 8.6% on the year
Cooper Companies, Inc. (COO) reported revenue of $1.4 billion for fiscal 2012, the year ended 31 October 2012, up 8.6% on the year before. Net income was $248 million, up 41.6%, and diluted earnings per share $1.26. The figures are the company's own, from the 10-K it filed with the SEC on 20 December 2012.
Revenue
$1.4 billion
+8.6% on the year
FY2008FY2012
Operating margin
19.6%
17.1% a year earlier
FY2008FY2012
Net income
$248 million
+41.6% on the year
FY2008FY2012
Diluted EPS
$1.26
+39.1% 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
1,445
1,331
1,159
+8.6%
Cost of revenue
521
526
482
-0.9%
Gross profit
924
805
677
+14.8%
Gross margin
63.9%
60.5%
58.4%
Research and development
51.7
43.6
35.3
+18.7%
Selling, general and administrative
565
513
433
+10.1%
Operating income
283
228
190
+24.5%
Operating margin
19.6%
17.1%
16.4%
Interest expense
11.8
17.3
36.7
-32.1%
Pre-tax income
275
193
124
+42.9%
Income tax
26.8
17.3
11.6
+54.7%
Effective tax rate
9.7%
9.0%
9.3%
Net income
248
175
113
+41.6%
Net margin
17.2%
13.2%
9.7%
Diluted EPS
$1.26
$0.91
$0.61
+39.1%
$ 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
315
336
268
-6.3%
Capital expenditure
99.8
104
73.8
-3.7%
Free cash flow
215
233
194
-7.4%
Free cash flow margin
14.9%
17.5%
16.7%
Cash from investing
-238
-162
-107
Cash from financing
-68.4
-173
-162
Depreciation and amortisation
111
98.1
94.0
+13.3%
Share-based compensation
21.5
13.9
9.6
+55.2%
Buybacks
71.2
0.0
0.0
Dividends paid
2.9
2.8
2.7
+1.5%
Dividend per share
$0.01
n/a
n/a
Diluted shares, weighted
197m
193m
186m
+1.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,193
1,937
1,667
+13.2%
Non-controlling interest
20.4
0.0
n/a
Debt
374
380
611
-1.8%
Other liabilities
355
307
247
+15.6%
Total liabilities and equity
2,941
2,625
2,525
+12.1%
Fixed assets
640
609
594
+5.1%
Goodwill
1,370
1,277
1,262
+7.3%
Intangible assets
215
128
114
+67.4%
Cash and equivalents
12.8
5.2
3.6
+148.1%
Receivables
234
215
197
+9.1%
Inventory
320
254
228
+26.3%
Other assets
149
137
126
+8.7%
Total assets
2,941
2,625
2,525
+12.1%
10-K for the year ended 31 October 2012, filed 20 December 2012: the filing.