ITT (ITT) FY2012 results: revenue $2.2 billion, up 6.8% on the year
ITT Inc. (ITT) reported revenue of $2.2 billion for fiscal 2012, the year ended 31 December 2012, up 6.8% on the year before. Net income was $125 million, and diluted earnings per share $1.33. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$2.2 billion
+6.8% on the year
FY2007FY2012
Operating margin
6.8%
-11.7% a year earlier
FY2007FY2012
Net income
$125 million
FY2007FY2012
Diluted EPS
$1.33
FY2007FY2012
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
2,228
2,086
1,891
+6.8%
Cost of revenue
1,548
1,441
1,287
+7.4%
Gross profit
680
645
604
+5.5%
Gross margin
30.5%
30.9%
31.9%
Research and development
62.7
63.5
59.3
-1.3%
Selling, general and administrative
n/a
n/a
1,584
Operating income
152
-245
-181
Operating margin
6.8%
-11.7%
-9.6%
Interest expense
0.1
76.4
97.1
-99.9%
Pre-tax income
149
-316
-273
Income tax
39.6
261
-142
-84.8%
Effective tax rate
26.6%
n/a
n/a
Net income
125
-130
804
Net margin
5.6%
-6.2%
42.5%
Diluted EPS
$1.33
-$1.40
$8.75
$ 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
244
n/a
n/a
Capital expenditure
83.8
102
328
-18.1%
Free cash flow
160
n/a
n/a
Free cash flow margin
7.2%
n/a
n/a
Depreciation and amortisation
71.1
71.3
64.2
-0.3%
Share-based compensation
12.4
11.5
13.7
+7.8%
Buybacks
117
6.6
6.0
+1,669.7%
Dividends paid
34.2
193
176
-82.3%
Dividend per share
$0.36
$1.59
$1.00
-77.1%
Diluted shares, weighted
94m
93m
92m
+1.4%
Shares outstanding at period end
92m
94m
184m
-1.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
703
694
4,461
+1.3%
Non-controlling interest
0.0
n/a
n/a
Debt
12.1
4.3
1,360
+181.4%
Other liabilities
2,671
2,973
6,794
-10.2%
Total liabilities and equity
3,386
3,671
12,615
-7.8%
Fixed assets
373
321
299
+16.1%
Goodwill
651
498
491
+30.9%
Intangible assets
123
76.6
92.0
+61.0%
Investments
38.2
n/a
0.0
Cash and equivalents
544
690
206
-21.1%
Receivables
440
390
315
+12.8%
Inventory
304
248
218
+22.6%
Other assets
911
1,447
10,994
-37.0%
Total assets
3,386
3,671
12,615
-7.8%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.