Koppers Holdings (KOP) FY2012 results: revenue $1.6 billion, up 6.1% on the year
Koppers Holdings Inc. (KOP) reported revenue of $1.6 billion for fiscal 2012, the year ended 31 December 2012, up 6.1% on the year before. Net income was $66 million, up 77.8%, and diluted earnings per share $3.13. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2013.
Revenue
$1.6 billion
+6.1% on the year
FY2008FY2012
Operating margin
8.1%
8.4% a year earlier
FY2008FY2012
Net income
$66 million
+77.8% on the year
FY2008FY2012
Diluted EPS
$3.13
+76.8% on the year
FY2008FY2012
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
1,555
1,466
1,190
+6.1%
Cost of revenue
1,325
1,242
1,003
+6.6%
Gross profit
230
224
187
+2.9%
Gross margin
14.8%
15.3%
15.7%
Research and development
2.3
1.9
2.1
+21.1%
Selling, general and administrative
75.6
74.3
62.4
+1.7%
Operating income
127
123
98.1
+3.2%
Operating margin
8.1%
8.4%
8.2%
Interest expense
27.9
27.2
27.1
+2.6%
Pre-tax income
101
n/a
n/a
Income tax
33.3
38.7
28.9
-14.0%
Effective tax rate
33.1%
n/a
n/a
Net income
65.6
36.9
44.1
+77.8%
Net margin
4.2%
2.5%
3.7%
Diluted EPS
$3.13
$1.77
$2.13
+76.8%
$ 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
77.8
76.9
105
+1.2%
Capital expenditure
28.9
33.2
29.9
-13.0%
Free cash flow
48.9
43.7
75.4
+11.9%
Free cash flow margin
3.1%
3.0%
6.3%
Cash from investing
-39.9
-44.7
-63.4
Cash from financing
-27.3
-13.3
-64.3
Depreciation and amortisation
27.6
48.8
28.1
-43.4%
Share-based compensation
6.9
5.3
3.3
+30.2%
Buybacks
8.1
0.3
0.9
+2,600.0%
Dividends paid
19.5
18.2
23.1
+7.1%
Dividend per share
$0.96
$0.88
$0.88
+9.1%
Diluted shares, weighted
21m
21m
21m
+0.5%
Shares outstanding at period end
22m
21m
21m
+1.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
151
94.8
88.7
+58.9%
Non-controlling interest
17.5
12.4
11.2
+41.1%
Debt
296
302
296
-2.0%
Other liabilities
316
321
273
-1.7%
Total liabilities and equity
780
731
669
+6.7%
Fixed assets
161
156
168
+3.5%
Goodwill
75.6
72.1
72.1
+4.9%
Intangible assets
15.3
8.0
10.5
+91.2%
Investments
n/a
n/a
0.0
Cash and equivalents
66.7
54.1
35.3
+23.3%
Receivables
163
161
129
+1.1%
Inventory
196
159
165
+23.1%
Other assets
103
121
88.8
-15.0%
Total assets
780
731
669
+6.7%
10-K for the year ended 31 December 2012, filed 25 February 2013: the filing.