Kimberly Clark (KMB) FY2012 results: revenue $19.5 billion, down 6.6% on the year
Kimberly Clark Corp. (KMB) reported revenue of $19.5 billion for fiscal 2012, the year ended 31 December 2012, down 6.6% on the year before. Net income was $1.8 billion, up 10.0%, and diluted earnings per share $4.42. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$19.5 billion
-6.6% on the year
FY2007FY2012
Operating margin
12.2%
11.7% a year earlier
FY2007FY2012
Net income
$1.8 billion
+10.0% on the year
FY2007FY2012
Diluted EPS
$4.42
+10.8% 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
19,467
20,846
19,746
-6.6%
Cost of revenue
13,338
14,694
13,196
-9.2%
Gross profit
6,129
6,152
6,550
-0.4%
Gross margin
31.5%
29.5%
33.2%
Research and development
335
316
317
+6.0%
Operating income
2,377
2,442
2,773
-2.7%
Operating margin
12.2%
11.7%
14.0%
Interest expense
285
277
243
+2.9%
Pre-tax income
2,110
2,183
2,550
-3.3%
Income tax
660
660
788
0.0%
Effective tax rate
31.3%
30.2%
30.9%
Net income
1,750
1,591
1,843
+10.0%
Net margin
9.0%
7.6%
9.3%
Diluted EPS
$4.42
$3.99
$4.45
+10.8%
$ 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
3,288
2,288
2,744
+43.7%
Capital expenditure
1,093
968
964
+12.9%
Free cash flow
2,195
1,320
1,780
+66.3%
Free cash flow margin
11.3%
6.3%
9.0%
Cash from investing
-1,184
-681
-781
Cash from financing
-1,802
-1,741
-1,859
Depreciation and amortisation
857
1,091
813
-21.4%
Share-based compensation
67.0
48.0
52.0
+39.6%
Buybacks
1,284
1,246
803
+3.0%
Dividends paid
1,151
1,099
1,066
+4.7%
Dividend per share
$2.96
$2.80
$2.64
+5.7%
Diluted shares, weighted
396m
399m
414m
-0.6%
Shares outstanding at period end
389m
396m
407m
-1.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,985
5,249
5,917
-5.0%
Non-controlling interest
302
280
285
+7.9%
Debt
6,185
6,132
5,464
+0.9%
Other liabilities
8,401
7,712
8,198
+8.9%
Total liabilities and equity
19,873
19,373
19,864
+2.6%
Fixed assets
8,095
8,049
8,356
+0.6%
Goodwill
3,337
3,340
3,403
-0.1%
Intangible assets
246
265
287
-7.2%
Cash and equivalents
1,106
764
876
+44.8%
Receivables
2,642
2,602
2,472
+1.5%
Inventory
2,348
2,356
2,373
-0.3%
Other assets
2,099
1,997
2,097
+5.1%
Total assets
19,873
19,373
19,864
+2.6%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.