Innospec (IOSP) FY2012 results: revenue $776 million, up 0.3% on the year
Innospec Inc. (IOSP) reported revenue of $776 million for fiscal 2012, the year ended 31 December 2012, up 0.3% on the year before. Net income was $67 million, up 42.0%, and diluted earnings per share $2.81. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2013.
Revenue
$776 million
+0.3% on the year
FY2009FY2012
Operating margin
12.4%
6.1% a year earlier
FY2009FY2012
Net income
$67 million
+42.0% on the year
FY2009FY2012
Diluted EPS
$2.81
+46.4% on the year
FY2009FY2012
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
776
774
683
+0.3%
Cost of revenue
540
548
469
-1.5%
Gross profit
236
226
214
+4.4%
Gross margin
30.4%
29.2%
31.3%
Research and development
19.6
18.3
17.6
+7.1%
Selling, general and administrative
119
158
114
-24.8%
Operating income
96.5
47.2
72.2
+104.4%
Operating margin
12.4%
6.1%
10.6%
Interest expense
1.8
3.9
5.1
-53.8%
Pre-tax income
93.3
50.2
70.7
+85.9%
Income tax
26.4
3.1
3.0
+751.6%
Effective tax rate
28.3%
6.2%
4.2%
Net income
66.9
47.1
73.7
+42.0%
Net margin
8.6%
6.1%
10.8%
Diluted EPS
$2.81
$1.92
$2.97
+46.4%
$ 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
61.3
34.7
58.2
+76.7%
Capital expenditure
8.6
7.0
8.8
+22.9%
Free cash flow
52.7
27.7
49.4
+90.3%
Free cash flow margin
6.8%
3.6%
7.2%
Cash from investing
-70.3
-10.7
-12.8
Cash from financing
-44.7
-55.0
-6.5
Depreciation and amortisation
11.5
14.4
15.4
-20.1%
Share-based compensation
3.1
3.1
0.8
0.0%
Buybacks
1.4
28.1
2.7
-95.0%
Dividends paid
46.7
0.0
0.0
Dividend per share
$2.00
$0.00
$0.00
Diluted shares, weighted
24m
25m
25m
-2.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
317
343
301
-7.6%
Debt
30.0
35.0
47.0
-14.3%
Other liabilities
232
191
202
+21.9%
Total liabilities and equity
579
569
549
+1.9%
Fixed assets
49.8
45.9
48.7
+8.5%
Goodwill
149
142
144
+5.3%
Intangible assets
68.6
17.7
19.0
+287.6%
Investments
5.1
4.8
4.2
+6.2%
Cash and equivalents
22.4
76.2
107
-70.6%
Receivables
116
99.4
84.2
+16.4%
Inventory
138
136
122
+1.8%
Other assets
30.5
47.4
20.3
-35.7%
Total assets
579
569
549
+1.9%
10-K for the year ended 31 December 2012, filed 13 February 2013: the filing.