Jacobs Solutions (J) FY2011 results: revenue $10.4 billion, up 4.7% on the year
Jacobs Solutions Inc. (J) reported revenue of $10.4 billion for fiscal 2011, the year ended 30 September 2011, up 4.7% on the year before. Net income was $331 million, up 34.6%, and diluted earnings per share $2.60. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2011.
Revenue
$10.4 billion
+4.7% on the year
FY2007FY2011
Operating margin
5.0%
4.0% a year earlier
FY2007FY2011
Net income
$331 million
+34.6% on the year
FY2007FY2011
Diluted EPS
$2.60
+32.7% 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
10,382
9,916
11,467
+4.7%
Selling, general and administrative
1,041
933
940
+11.6%
Operating income
519
400
621
+29.7%
Operating margin
5.0%
4.0%
5.4%
Interest expense
8.8
9.9
2.9
-10.9%
Pre-tax income
517
392
624
+31.8%
Income tax
181
146
225
+24.6%
Effective tax rate
35.1%
37.2%
36.0%
Net income
331
246
400
+34.6%
Net margin
3.2%
2.5%
3.5%
Diluted EPS
$2.60
$1.96
$3.21
+32.7%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
236
224
532
+5.8%
Capital expenditure
n/a
49.1
55.5
Free cash flow
n/a
175
476
Free cash flow margin
n/a
1.8%
4.2%
Cash from investing
-802
-398
-93.1
Cash from financing
557
93.1
-39.0
+498.1%
Depreciation and amortisation
57.6
64.4
68.7
-10.6%
Share-based compensation
29.1
24.4
24.1
+19.4%
Diluted shares, weighted
127m
126m
125m
+1.1%
Shares outstanding at period end
128m
126m
124m
+1.5%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
3,313
2,859
2,626
+15.9%
Non-controlling interest
10.4
5.9
5.6
+76.8%
Redeemable equity
0.0
n/a
n/a
Debt
568
79.9
0.7
+610.9%
Other liabilities
2,308
1,739
1,796
+32.7%
Total liabilities and equity
6,199
4,684
4,429
+32.4%
Fixed assets
285
215
240
+32.4%
Goodwill
1,873
1,119
930
+67.4%
Intangible assets
259
100
n/a
+158.9%
Cash and equivalents
906
939
1,034
-3.5%
Receivables
2,077
1,660
1,619
+25.2%
Other assets
800
651
606
+22.8%
Total assets
6,199
4,684
4,429
+32.4%
10-K for the year ended 30 September 2011, filed 21 November 2011: the filing.