Interparfums (IPAR) FY2012 results: revenue $654 million, up 6.3% on the year
Interparfums Inc. (IPAR) reported revenue of $654 million for fiscal 2012, the year ended 31 December 2012, up 6.3% on the year before. Net income was $131 million, up 306.0%, and diluted earnings per share $4.26. The figures are the company's own, from the 10-K it filed with the SEC on 12 March 2013.
Revenue
$654 million
+6.3% on the year
FY2009FY2012
Operating margin
42.6%
10.9% a year earlier
FY2009FY2012
Net income
$131 million
+306.0% on the year
FY2009FY2012
Diluted EPS
$4.26
+305.7% 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
654
615
460
+6.3%
Cost of revenue
247
232
188
+6.6%
Gross profit
407
383
273
+6.2%
Gross margin
62.3%
62.3%
59.3%
Selling, general and administrative
326
316
216
+3.2%
Operating income
278
66.9
56.4
+315.9%
Operating margin
42.6%
10.9%
12.3%
Interest expense
1.7
2.2
2.1
-24.7%
Pre-tax income
275
67.4
53.8
+307.7%
Income tax
97.9
24.4
18.2
+300.4%
Effective tax rate
35.6%
36.3%
33.7%
Net income
131
32.3
26.6
+306.0%
Net margin
20.0%
5.3%
5.8%
Diluted EPS
$4.26
$1.05
$0.87
+305.7%
$ 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
60.6
-23.7
37.8
Capital expenditure
9.5
9.9
6.1
-4.7%
Free cash flow
51.2
-33.7
31.8
Free cash flow margin
7.8%
-5.5%
6.9%
Cash from investing
206
36.7
-77.3
+462.0%
Cash from financing
2.5
-13.8
-15.9
Depreciation and amortisation
8.6
6.0
3.5
+43.3%
Share-based compensation
0.8
1.1
0.9
-21.5%
Buybacks
0.1
n/a
0.1
Dividends paid
9.8
9.3
6.9
+5.1%
Dividend per share
$0.32
$0.32
$0.26
0.0%
Diluted shares, weighted
31m
31m
30m
+0.1%
Shares outstanding at period end
31m
31m
30m
+0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
381
253
235
+51.0%
Non-controlling interest
119
71.7
65.0
+65.3%
Debt
27.8
16.3
21.4
+70.3%
Other liabilities
232
175
117
+32.4%
Total liabilities and equity
760
516
438
+47.3%
Fixed assets
12.3
14.5
11.2
-15.4%
Goodwill
1.0
2.8
3.7
-65.5%
Intangible assets
113
106
111
+6.9%
Investments
n/a
n/a
49.4
Cash and equivalents
307
35.9
37.5
+757.1%
Receivables
149
175
97.6
-14.8%
Inventory
143
164
110
-13.1%
Other assets
34.3
17.8
17.5
+92.5%
Total assets
760
516
438
+47.3%
10-K for the year ended 31 December 2012, filed 12 March 2013: the filing.