Jabil (JBL) FY2012 results: revenue $16.1 billion, down 2.3% on the year
Jabil Inc. (JBL) reported revenue of $16.1 billion for fiscal 2012, the year ended 31 August 2012, down 2.3% on the year before. Net income was $395 million, up 3.6%, and diluted earnings per share $1.87. The figures are the company's own, from the 10-K it filed with the SEC on 25 October 2012.
Revenue
$16.1 billion
-2.3% on the year
FY2009FY2012
Operating margin
3.4%
3.5% a year earlier
FY2009FY2012
Net income
$395 million
+3.6% on the year
FY2009FY2012
Diluted EPS
$1.87
+8.1% on the year
FY2009FY2012
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
16,141
16,519
13,409
-2.3%
Cost of revenue
14,980
15,264
12,405
-1.9%
Gross profit
1,161
1,255
1,004
-7.5%
Gross margin
7.2%
7.6%
7.5%
Research and development
25.8
25.0
28.1
+3.2%
Selling, general and administrative
573
591
590
-3.0%
Operating income
550
579
328
-5.0%
Operating margin
3.4%
3.5%
2.4%
Interest expense
106
97.7
79.2
+8.6%
Pre-tax income
437
481
247
-9.3%
Income tax
103
98.2
76.5
+4.7%
Effective tax rate
23.6%
20.4%
30.9%
Net income
395
381
169
+3.6%
Net margin
2.4%
2.3%
1.3%
Diluted EPS
$1.87
$1.73
$0.78
+8.1%
$ 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
634
828
427
-23.4%
Capital expenditure
498
459
398
+8.4%
Free cash flow
137
369
29.0
-63.0%
Free cash flow margin
0.8%
2.2%
0.2%
Cash from investing
-606
-426
-440
Cash from financing
317
-268
-100
Depreciation and amortisation
353
319
283
+10.8%
Share-based compensation
81.4
76.2
105
+6.8%
Buybacks
71.0
200
n/a
-64.5%
Dividends paid
65.2
60.4
59.9
+8.0%
Dividend per share
$0.32
$0.28
$0.28
+14.3%
Diluted shares, weighted
211m
221m
218m
-4.3%
Shares outstanding at period end
206m
203m
210m
+1.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,105
1,867
1,578
+12.7%
Non-controlling interest
2.3
16.7
14.7
-86.4%
Debt
1,676
1,187
1,186
+41.3%
Other liabilities
4,019
3,987
3,588
+0.8%
Total liabilities and equity
7,803
7,058
6,368
+10.6%
Fixed assets
1,779
1,641
1,451
+8.4%
Goodwill
95.0
36.2
28.5
+162.5%
Intangible assets
119
89.1
104
+33.6%
Cash and equivalents
1,217
889
744
+37.0%
Receivables
n/a
1,101
1,408
Inventory
2,269
2,227
2,094
+1.9%
Other assets
2,324
1,074
537
+116.3%
Total assets
7,803
7,058
6,368
+10.6%
10-K for the year ended 31 August 2012, filed 25 October 2012: the filing.