Hubbell (HUBB) FY2012 results: revenue $3.0 billion, up 6.0% on the year
Hubbell Inc. (HUBB) reported revenue of $3.0 billion for fiscal 2012, the year ended 31 December 2012, up 6.0% on the year before. Net income was $300 million, up 11.9%, and diluted earnings per share $5.00. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2013.
Revenue
$3.0 billion
+6.0% on the year
FY2008FY2012
Operating margin
15.5%
14.8% a year earlier
FY2008FY2012
Net income
$300 million
+11.9% on the year
FY2008FY2012
Diluted EPS
$5.00
+13.1% 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
3,044
2,872
2,541
+6.0%
Cost of revenue
2,032
1,948
1,712
+4.3%
Gross profit
1,012
924
829
+9.6%
Gross margin
33.2%
32.2%
32.6%
Selling, general and administrative
540
500
461
+8.1%
Operating income
472
424
368
+11.3%
Operating margin
15.5%
14.8%
14.5%
Interest expense
30.8
30.9
31.1
-0.3%
Pre-tax income
442
390
320
+13.3%
Income tax
140
120
102
+16.8%
Effective tax rate
31.6%
30.7%
31.7%
Net income
300
268
217
+11.9%
Net margin
9.8%
9.3%
8.5%
Diluted EPS
$5.00
$4.42
$3.59
+13.1%
$ 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
349
335
266
+4.2%
Capital expenditure
49.1
55.4
47.3
-11.4%
Free cash flow
300
280
219
+7.3%
Free cash flow margin
9.9%
9.7%
8.6%
Cash from investing
-116
-86.5
-54.7
Cash from financing
-162
-198
45.5
Depreciation and amortisation
66.8
68.2
72.5
-2.1%
Share-based compensation
15.8
15.1
11.4
+4.6%
Buybacks
75.6
138
23.3
-45.1%
Dividends paid
122
90.1
85.6
+35.7%
Dividend per share
$1.68
$1.52
$1.44
+10.5%
Diluted shares, weighted
60m
60m
60m
-1.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,661
1,468
1,459
+13.2%
Non-controlling interest
6.7
5.7
4.3
+17.5%
Short-term borrowings
0.0
2.9
1.8
Debt
597
596
596
+0.1%
Other liabilities
682
774
645
-11.8%
Total liabilities and equity
2,947
2,846
2,706
+3.5%
Fixed assets
365
360
358
+1.4%
Goodwill
756
727
724
+3.9%
Intangible assets
288
270
274
+6.9%
Investments
45.5
54.8
39.0
-17.0%
Trading assets
5.8
4.0
2.6
+45.0%
Cash and equivalents
645
570
521
+13.2%
Receivables
405
394
342
+2.8%
Inventory
342
318
298
+7.4%
Other assets
95.5
149
148
-35.9%
Total assets
2,947
2,846
2,706
+3.5%
10-K for the year ended 31 December 2012, filed 13 February 2013: the filing.