Crane Nxt (CXT) FY2012 results: revenue $2.6 billion, up 3.1% on the year
Crane Nxt, Co. (CXT) reported revenue of $2.6 billion for fiscal 2012, the year ended 31 December 2012, up 3.1% on the year before. Net income was $217 million, up 724.6%, and diluted earnings per share $3.72. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$2.6 billion
+3.1% on the year
FY2008FY2012
Operating margin
12.0%
1.5% a year earlier
FY2008FY2012
Net income
$217 million
+724.6% on the year
FY2008FY2012
Diluted EPS
$3.72
+745.5% 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
2,579
2,500
2,179
+3.1%
Cost of revenue
1,710
1,653
1,437
+3.4%
Gross profit
869
847
742
+2.6%
Gross margin
33.7%
33.9%
34.0%
Research and development
66.9
64.2
65.9
+4.2%
Selling, general and administrative
540
539
502
+0.3%
Operating income
310
36.6
233
+748.9%
Operating margin
12.0%
1.5%
10.7%
Interest expense
26.8
26.3
26.8
+2.2%
Pre-tax income
285
14.8
209
+1,828.1%
Income tax
88.4
-8.1
56.1
Effective tax rate
31.1%
-54.6%
26.8%
Net income
217
26.3
154
+724.6%
Net margin
8.4%
1.1%
7.1%
Diluted EPS
$3.72
$0.44
$2.59
+745.5%
$ 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
235
150
134
+56.7%
Capital expenditure
29.3
34.7
21.0
-15.6%
Free cash flow
205
115
113
+78.5%
Free cash flow margin
8.0%
4.6%
5.2%
Cash from investing
31.2
-65.5
-157
Cash from financing
-95.3
-109
-77.4
Depreciation and amortisation
57.3
62.9
59.8
-9.0%
Share-based compensation
17.3
15.0
13.3
+15.7%
Buybacks
50.0
80.0
50.0
-37.5%
Dividends paid
62.0
57.0
50.4
+8.7%
Diluted shares, weighted
58m
59m
60m
-1.5%
Shares outstanding at period end
57m
58m
58m
-0.9%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
918
814
985
+12.9%
Non-controlling interest
9.0
8.5
8.1
+5.8%
Short-term borrowings
n/a
n/a
1.0
Debt
400
400
399
+0.0%
Other liabilities
1,562
1,621
1,314
-3.6%
Total liabilities and equity
2,890
2,844
2,707
+1.6%
Fixed assets
268
284
281
-5.6%
Goodwill
814
821
810
-0.9%
Intangible assets
126
146
163
-13.9%
Cash and equivalents
424
245
245
+73.0%
Receivables
333
349
302
-4.6%
Inventory
353
361
319
-2.2%
Other assets
572
637
587
-10.3%
Total assets
2,890
2,844
2,707
+1.6%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.