Emerson Electric (EMR) FY2012 results: revenue $24.4 billion, up 0.8% on the year
Emerson Electric Co. (EMR) reported revenue of $24.4 billion for fiscal 2012, the year ended 30 September 2012, up 0.8% on the year before. Net income was $2.0 billion, down 20.6%, and diluted earnings per share $2.67. The figures are the company's own, from the 10-K it filed with the SEC on 20 November 2012.
Revenue
$24.4 billion
+0.8% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$2.0 billion
-20.6% on the year
FY2007FY2012
Diluted EPS
$2.67
-18.3% 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
24,412
24,222
21,039
+0.8%
Cost of revenue
14,644
14,665
12,713
-0.1%
Gross profit
9,768
9,557
8,326
+2.2%
Gross margin
40.0%
39.5%
39.6%
Research and development
547
555
473
-1.4%
Selling, general and administrative
5,436
5,328
4,817
+2.0%
Pre-tax income
3,115
3,631
2,879
-14.2%
Income tax
1,091
1,127
848
-3.2%
Effective tax rate
35.0%
31.0%
29.5%
Net income
1,968
2,480
2,164
-20.6%
Net margin
8.1%
10.2%
10.3%
Diluted EPS
$2.67
$3.27
$2.84
-18.3%
$ 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
3,053
3,233
3,292
-5.6%
Capital expenditure
665
647
524
+2.8%
Free cash flow
2,388
2,586
2,768
-7.7%
Free cash flow margin
9.8%
10.7%
13.2%
Cash from investing
-806
-848
-2,517
Cash from financing
-1,899
-1,887
-726
Depreciation and amortisation
823
867
816
-5.1%
Share-based compensation
100
121
217
-17.4%
Buybacks
797
935
100
-14.8%
Dividends paid
1,171
1,039
1,009
+12.7%
Dividend per share
$1.60
$1.38
$1.34
+15.9%
Diluted shares, weighted
735m
754m
757m
-2.5%
Shares outstanding at period end
724m
739m
753m
-2.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
10,295
10,399
9,792
-1.0%
Non-controlling interest
147
152
160
-3.3%
Debt
5,293
5,201
5,066
+1.8%
Other liabilities
8,083
8,109
7,825
-0.3%
Total liabilities and equity
23,818
23,861
22,843
-0.2%
Fixed assets
3,509
3,437
3,287
+2.1%
Goodwill
8,026
8,771
8,656
-8.5%
Intangible assets
1,838
1,969
2,150
-6.7%
Cash and equivalents
2,367
2,052
1,592
+15.4%
Receivables
4,983
4,502
3,989
+10.7%
Inventory
2,125
2,100
2,105
+1.2%
Other assets
970
1,030
1,064
-5.8%
Total assets
23,818
23,861
22,843
-0.2%
10-K for the year ended 30 September 2012, filed 20 November 2012: the filing.