International Bancshares (IBOC) FY2012 results: revenue $502 million, down 4.5% on the year
International Bancshares Corp. (IBOC) reported revenue of $502 million for fiscal 2012, the year ended 31 December 2012, down 4.5% on the year before. Net income was $108 million, down 15.2%, and diluted earnings per share $1.39. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2013.
Revenue
$502 million
-4.5% on the year
FY2008FY2012
Operating margin
n/a
FY2008FY2012
Net income
$108 million
-15.2% on the year
FY2008FY2012
Diluted EPS
$1.39
-17.8% 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
502
525
564
-4.5%
Interest expense
74.5
94.3
114
-21.0%
Pre-tax income
158
191
201
-17.2%
Income tax
50.6
64.1
71.0
-21.1%
Effective tax rate
31.9%
33.5%
35.3%
Net income
108
127
130
-15.2%
Net margin
21.5%
24.2%
23.1%
Diluted EPS
$1.39
$1.69
$1.72
-17.8%
$ 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
160
181
127
-11.5%
Capital expenditure
62.0
20.4
16.0
+204.2%
Free cash flow
98.0
160
111
-38.9%
Cash from investing
n/a
n/a
-205
Cash from financing
n/a
n/a
50.5
Share-based compensation
0.5
0.4
0.5
+22.5%
Buybacks
1.7
6.4
6.9
-73.3%
Dividends paid
26.9
25.6
24.4
+4.9%
Dividend per share
$0.40
$0.38
$0.36
+5.3%
Diluted shares, weighted
67m
68m
68m
-0.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,436
1,600
1,459
-10.3%
Deposits
8,287
7,946
7,600
+4.3%
Debt
2,069
2,034
2,661
+1.8%
Other liabilities
90.3
160
224
-43.5%
Total liabilities and equity
11,883
11,740
11,943
+1.2%
Fixed assets
481
453
469
+6.2%
Goodwill
283
283
283
0.0%
Intangible assets
7.8
12.2
17.3
-35.9%
Securities held for sale or to maturity
2.4
2.5
2.5
-2.0%
Loans
4,717
4,969
5,326
-5.1%
Cash and equivalents
283
262
198
+8.1%
Other assets
6,109
5,758
5,649
+6.1%
Total assets
11,883
11,740
11,943
+1.2%
10-K for the year ended 31 December 2012, filed 25 February 2013: the filing.