greeksoup/ stock research

Johnson Controls International (JCI) FY2012 results: revenue $9.9 billion, down 2.0% on the year

Johnson Controls International plc (JCI) reported revenue of $9.9 billion for fiscal 2012, the year ended 28 September 2012, down 2.0% on the year before. Net income was $472 million, down 72.5%, and diluted earnings per share $1.02. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2012.

Revenue
$9.9 billion
-2.0% on the year
FY2007FY2012
Operating margin
5.8%
8.8% a year earlier
FY2007FY2012
Net income
$472 million
-72.5% on the year
FY2007FY2012
Diluted EPS
$1.02
-71.6% on the year
FY2007FY2012

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2012FY2011FY2010On the yearLast 8 years
Revenue9,89210,09911,020-2.0%
Cost of revenue3,9056,6147,404-41.0%
Gross profit5,9873,4853,616+71.8%
Gross margin60.5%34.5%32.8%
Research and development145129113+12.4%
Selling, general and administrative2,8232,7472,946+2.8%
Operating income578887615-34.8%
Operating margin5.8%8.8%5.6%
Interest expense209240279-12.9%
Pre-tax income-67.0668285
Income tax320112-17.0+185.7%
Effective tax raten/a16.8%-6.0%
Net income4721,7191,132-72.5%
Net margin4.8%17.0%10.3%
Diluted EPS$1.02$3.59$2.32-71.6%
$ 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

$ millionFY2012FY2011FY2010On the yearLast 8 years
Operating cash flow2,5862,4282,657+6.5%
Capital expenditure295273351+8.1%
Free cash flow2,2912,1552,306+6.3%
Free cash flow margin23.2%21.3%20.9%
Depreciation and amortisation379383449-1.0%
Share-based compensation1400.0120+127,272,627.3%
Buybacks5001,300900-61.5%
Dividends paid461458416+0.7%
Diluted shares, weighted463m479m488m-3.3%

Balance sheet

$ millionFY2012FY2011FY2010On the yearLast 8 years
Shareholders' equity4,99414,14914,084-64.7%
Non-controlling interest16.05.017.0+220.0%
Redeemable equity12.093.0n/a-87.1%
Debt1,4914,1064,188-63.7%
Other liabilities5,8528,3498,777-29.9%
Total liabilities and equity12,36526,70227,066-53.7%
Fixed assets1,3241,6094,156-17.7%
Goodwill4,0343,9134,080+3.1%
Intangible assets7587453,446+1.7%
Investments203247283-17.8%
Cash and equivalents8448448440.0%
Receivables1,6791,5472,493+8.5%
Inventory6255391,443+16.0%
Other assets2,89817,25810,321-83.2%
Total assets12,36526,70227,066-53.7%

10-K for the year ended 28 September 2012, filed 16 November 2012: the filing.