Jacobs Solutions (J) FY2012 results: revenue $10.9 billion, up 4.9% on the year
Jacobs Solutions Inc. (J) reported revenue of $10.9 billion for fiscal 2012, the year ended 28 September 2012, up 4.9% on the year before. Net income was $379 million, up 14.5%, and diluted earnings per share $2.94. The figures are the company's own, from the 10-K it filed with the SEC on 20 November 2012.
Revenue
$10.9 billion
+4.9% on the year
FY2007FY2012
Operating margin
5.5%
5.0% a year earlier
FY2007FY2012
Net income
$379 million
+14.5% on the year
FY2007FY2012
Diluted EPS
$2.94
+13.1% 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
10,894
10,382
9,916
+4.9%
Selling, general and administrative
1,131
1,041
933
+8.7%
Operating income
596
519
400
+14.9%
Operating margin
5.5%
5.0%
4.0%
Interest expense
11.7
8.8
9.9
+32.8%
Pre-tax income
593
517
392
+14.8%
Income tax
202
181
146
+11.5%
Effective tax rate
34.1%
35.1%
37.2%
Net income
379
331
246
+14.5%
Net margin
3.5%
3.2%
2.5%
Diluted EPS
$2.94
$2.60
$1.96
+13.1%
$ 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
300
236
224
+26.8%
Capital expenditure
n/a
n/a
49.1
Free cash flow
n/a
n/a
175
Free cash flow margin
n/a
n/a
1.8%
Cash from investing
-181
-802
-398
Cash from financing
-2.7
557
93.1
Depreciation and amortisation
58.9
57.6
64.4
+2.2%
Share-based compensation
32.4
29.1
24.4
+11.5%
Buybacks
0.0
n/a
n/a
Diluted shares, weighted
129m
127m
126m
+1.1%
Shares outstanding at period end
130m
128m
126m
+1.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,722
3,313
2,859
+12.4%
Non-controlling interest
36.4
10.4
5.9
+250.3%
Redeemable equity
8.9
0.0
n/a
Debt
528
568
79.9
-7.0%
Other liabilities
2,543
2,308
1,739
+10.2%
Total liabilities and equity
6,839
6,199
4,684
+10.3%
Fixed assets
331
285
215
+16.3%
Goodwill
2,010
1,873
1,119
+7.3%
Intangible assets
244
259
100
-5.9%
Cash and equivalents
1,032
906
939
+14.0%
Receivables
2,349
2,077
1,660
+13.1%
Other assets
873
800
651
+9.1%
Total assets
6,839
6,199
4,684
+10.3%
10-K for the year ended 28 September 2012, filed 20 November 2012: the filing.