Invesco (IVZ) FY2012 results: revenue $4.1 billion, up 1.7% on the year
Invesco Ltd. (IVZ) reported revenue of $4.1 billion for fiscal 2012, the year ended 31 December 2012, up 1.7% on the year before. Net income was $677 million, down 7.2%, and diluted earnings per share $1.49. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$4.1 billion
+1.7% on the year
FY2007FY2012
Operating margin
20.8%
22.2% a year earlier
FY2007FY2012
Net income
$677 million
-7.2% on the year
FY2007FY2012
Diluted EPS
$1.49
-5.1% on the year
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
4,050
3,982
3,488
+1.7%
Operating income
843
882
590
-4.5%
Operating margin
20.8%
22.2%
16.9%
Interest expense
52.3
61.8
58.6
-15.4%
Pre-tax income
831
892
823
-6.9%
Income tax
261
280
197
-6.6%
Effective tax rate
31.5%
31.4%
23.9%
Net income
677
730
466
-7.2%
Net margin
16.7%
18.3%
13.4%
Diluted EPS
$1.49
$1.57
$1.01
-5.1%
$ 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
819
965
379
-15.1%
Capital expenditure
99.3
107
89.6
-7.2%
Free cash flow
720
858
290
-16.1%
Free cash flow margin
17.8%
21.5%
8.3%
Cash from investing
-82.4
348
-338
Cash from financing
-646
-1,322
-65.9
Depreciation and amortisation
95.0
117
96.7
-19.1%
Share-based compensation
136
115
118
+18.5%
Buybacks
265
436
192
-39.3%
Dividends paid
289
221
198
+30.8%
Dividend per share
$0.64
$0.48
$0.43
+34.0%
Diluted shares, weighted
454m
465m
463m
-2.3%
Shares outstanding at period end
441m
446m
460m
-1.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
8,317
8,119
8,265
+2.4%
Non-controlling interest
732
1,018
1,096
-28.1%
Debt
1,186
1,285
1,316
-7.7%
Other liabilities
7,257
8,925
9,768
-18.7%
Total liabilities and equity
17,492
19,347
20,444
-9.6%
Fixed assets
350
313
272
+11.8%
Goodwill
7,048
6,908
6,980
+2.0%
Intangible assets
1,288
1,323
1,337
-2.7%
Investments
611
484
473
+26.0%
Cash and equivalents
836
727
740
+14.9%
Receivables
449
424
425
+5.9%
Other assets
6,911
9,167
10,216
-24.6%
Total assets
17,492
19,347
20,444
-9.6%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.