Chevron (CVX) FY2012 results: revenue $241.9 billion, down 4.6% on the year
Chevron Corp. (CVX) reported revenue of $241.9 billion for fiscal 2012, the year ended 31 December 2012, down 4.6% on the year before. Net income was $26.2 billion, down 2.7%, and diluted earnings per share $13.32. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$241.9 billion
-4.6% on the year
FY2007FY2012
Operating margin
19.2%
18.8% a year earlier
FY2007FY2012
Net income
$26.2 billion
-2.7% on the year
FY2007FY2012
Diluted EPS
$13.32
-0.9% 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
241,909
253,706
204,928
-4.6%
Research and development
648
627
526
+3.3%
Selling, general and administrative
4,724
4,745
4,767
-0.4%
Operating income
46,332
47,634
32,055
-2.7%
Operating margin
19.2%
18.8%
15.6%
Interest expense
0.0
0.0
50.0
Pre-tax income
46,332
47,634
32,055
-2.7%
Income tax
19,996
20,626
12,919
-3.1%
Effective tax rate
43.2%
43.3%
40.3%
Net income
26,179
26,895
19,024
-2.7%
Net margin
10.8%
10.6%
9.3%
Diluted EPS
$13.32
$13.44
$9.48
-0.9%
$ 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
38,812
41,098
31,359
-5.6%
Capital expenditure
30,938
26,500
19,612
+16.7%
Free cash flow
7,874
14,598
11,747
-46.1%
Free cash flow margin
3.3%
5.8%
5.7%
Cash from investing
-24,796
-27,489
-20,915
Cash from financing
-8,980
-11,772
-5,170
Depreciation and amortisation
13,413
12,911
13,063
+3.9%
Buybacks
5,004
4,262
775
+17.4%
Dividends paid
6,844
6,139
5,674
+11.5%
Diluted shares, weighted
1,965m
2,001m
2,007m
-1.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
136,524
121,382
105,081
+12.5%
Non-controlling interest
1,308
799
730
+63.7%
Debt
12,093
10,024
11,190
+20.6%
Other liabilities
83,057
77,269
67,768
+7.5%
Total liabilities and equity
232,982
209,474
184,769
+11.2%
Fixed assets
141,348
122,608
104,504
+15.3%
Goodwill
4,640
4,642
4,617
-0.0%
Investments
266
249
155
+6.8%
Cash and equivalents
20,939
15,864
14,060
+32.0%
Inventory
6,144
5,543
5,493
+10.8%
Other assets
59,645
60,568
55,940
-1.5%
Total assets
232,982
209,474
184,769
+11.2%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.