Idex (IEX) FY2012 results: revenue $2.0 billion, up 6.3% on the year
Idex Corp. (IEX) reported revenue of $2.0 billion for fiscal 2012, the year ended 31 December 2012, up 6.3% on the year before. Net income was $38 million, down 80.6%, and diluted earnings per share $0.45. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$2.0 billion
+6.3% on the year
FY2008FY2012
Operating margin
6.6%
16.6% a year earlier
FY2008FY2012
Net income
$38 million
-80.6% on the year
FY2008FY2012
Diluted EPS
$0.45
-80.6% 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
1,954
1,838
1,513
+6.3%
Cost of revenue
1,151
1,100
895
+4.6%
Gross profit
804
739
618
+8.8%
Gross margin
41.1%
40.2%
40.9%
Research and development
36.4
36.0
31.8
+1.1%
Selling, general and administrative
444
422
358
+5.4%
Operating income
128
305
249
-57.9%
Operating margin
6.6%
16.6%
16.5%
Interest expense
42.2
29.3
16.1
+44.0%
Pre-tax income
86.2
274
232
-68.5%
Income tax
48.6
80.0
74.8
-39.3%
Effective tax rate
56.3%
29.2%
32.2%
Net income
37.6
194
157
-80.6%
Net margin
1.9%
10.5%
10.4%
Diluted EPS
$0.45
$2.32
$1.90
-80.6%
$ 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
326
217
184
+50.1%
Capital expenditure
35.8
35.2
31.7
+1.8%
Free cash flow
290
182
153
+59.5%
Free cash flow margin
14.9%
9.9%
10.1%
Cash from investing
-105
-470
-122
Cash from financing
-136
253
95.5
Depreciation and amortisation
78.3
72.4
58.1
+8.2%
Share-based compensation
13.1
12.1
17.4
+8.5%
Buybacks
89.6
0.0
n/a
Dividends paid
64.1
54.6
46.3
+17.3%
Dividend per share
$0.80
$0.68
$0.60
+17.6%
Diluted shares, weighted
84m
84m
82m
+0.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,465
1,513
1,376
-3.2%
Short-term borrowings
7.3
2.4
119
+200.1%
Debt
787
809
528
-2.7%
Other liabilities
526
512
359
+2.9%
Total liabilities and equity
2,785
2,836
2,382
-1.8%
Fixed assets
219
214
189
+2.5%
Goodwill
1,322
1,431
1,207
-7.7%
Intangible assets
341
382
281
-10.7%
Cash and equivalents
319
230
235
+38.5%
Receivables
256
253
214
+1.3%
Inventory
235
254
197
-7.6%
Other assets
93.2
71.4
59.5
+30.5%
Total assets
2,785
2,836
2,382
-1.8%
10-K for the year ended 31 December 2012, filed 21 February 2013: the filing.