Invesco (IVZ) FY2011 results: revenue $4.0 billion, up 14.2% on the year
Invesco Ltd. (IVZ) reported revenue of $4.0 billion for fiscal 2011, the year ended 31 December 2011, up 14.2% on the year before. Net income was $730 million, up 56.7%, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K/A it filed with the SEC on 30 October 2012.
Revenue
$4.0 billion
+14.2% on the year
FY2007FY2011
Operating margin
22.2%
16.9% a year earlier
FY2007FY2011
Net income
$730 million
+56.7% on the year
FY2007FY2011
Diluted EPS
$1.57
+55.4% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
3,982
3,488
2,627
+14.2%
Operating income
882
590
484
+49.5%
Operating margin
22.2%
16.9%
18.4%
Interest expense
61.8
58.6
64.5
+5.5%
Pre-tax income
892
823
358
+8.4%
Income tax
280
197
148
+42.1%
Effective tax rate
31.4%
23.9%
41.5%
Net income
730
466
322
+56.7%
Net margin
18.3%
13.4%
12.3%
Diluted EPS
$1.57
$1.01
$0.76
+55.4%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
965
379
363
+154.4%
Capital expenditure
107
89.6
39.5
+19.4%
Free cash flow
858
290
323
+196.2%
Free cash flow margin
21.5%
8.3%
12.3%
Cash from investing
348
-338
-102
Cash from financing
-1,322
-65.9
-101
Depreciation and amortisation
117
96.7
77.6
+21.4%
Share-based compensation
115
118
90.8
-2.3%
Buybacks
436
192
0.0
+127.1%
Dividends paid
221
198
169
+11.6%
Dividend per share
$0.48
$0.43
$0.41
+10.4%
Diluted shares, weighted
465m
463m
424m
+0.3%
Shares outstanding at period end
446m
460m
431m
-3.1%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
8,119
8,265
6,913
-1.8%
Non-controlling interest
1,018
1,096
708
-7.1%
Debt
1,285
1,316
746
-2.4%
Other liabilities
8,925
9,768
2,543
-8.6%
Total liabilities and equity
19,347
20,444
10,910
-5.4%
Fixed assets
313
272
221
+14.8%
Goodwill
6,908
6,980
6,468
-1.0%
Intangible assets
1,323
1,337
139
-1.1%
Investments
484
473
340
+2.4%
Cash and equivalents
727
740
762
-1.8%
Receivables
424
425
289
-0.1%
Other assets
9,167
10,216
2,691
-10.3%
Total assets
19,347
20,444
10,910
-5.4%
10-K/A for the year ended 31 December 2011, filed 30 October 2012: the filing.