Lennox International (LII) FY2012 results: revenue $2.9 billion, up 3.8% on the year
Lennox International Inc. (LII) reported revenue of $2.9 billion for fiscal 2012, the year ended 31 December 2012, up 3.8% on the year before. Net income was $90 million, up 1.9%, and diluted earnings per share $1.75. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2013.
Revenue
$2.9 billion
+3.8% on the year
FY2008FY2012
Operating margin
7.4%
6.5% a year earlier
FY2008FY2012
Net income
$90 million
+1.9% on the year
FY2008FY2012
Diluted EPS
$1.75
+6.1% 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
2,949
2,841
2,585
+3.8%
Cost of revenue
2,227
2,171
1,884
+2.6%
Gross profit
722
670
701
+7.8%
Gross margin
24.5%
23.6%
27.1%
Research and development
50.7
50.3
49.5
+0.8%
Selling, general and administrative
507
477
492
+6.3%
Operating income
219
184
204
+18.8%
Operating margin
7.4%
6.5%
7.9%
Interest expense
17.1
16.8
12.8
+1.8%
Pre-tax income
202
167
191
+20.6%
Income tax
66.7
55.8
64.8
+19.5%
Effective tax rate
33.1%
33.4%
34.0%
Net income
90.0
88.3
116
+1.9%
Net margin
3.1%
3.1%
4.5%
Diluted EPS
$1.75
$1.65
$2.08
+6.1%
$ 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
221
76.2
186
+190.6%
Capital expenditure
50.2
41.4
43.1
+21.3%
Free cash flow
171
34.8
143
+392.0%
Free cash flow margin
5.8%
1.2%
5.5%
Cash from investing
-40.4
-178
-61.4
Cash from financing
-180
-11.9
-93.5
Depreciation and amortisation
55.4
56.6
48.9
-2.1%
Share-based compensation
15.2
13.7
15.4
+10.9%
Buybacks
50.1
120
154
-58.1%
Dividends paid
47.6
36.5
32.4
+30.4%
Dividend per share
$0.76
$0.72
$0.60
+5.6%
Diluted shares, weighted
51m
53m
56m
-3.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
498
469
591
+6.2%
Non-controlling interest
1.5
n/a
n/a
Debt
387
465
319
-16.9%
Other liabilities
806
772
782
+4.4%
Total liabilities and equity
1,692
1,706
1,692
-0.8%
Fixed assets
298
301
308
-0.8%
Goodwill
224
223
179
+0.3%
Intangible assets
29.4
33.1
7.2
-11.2%
Cash and equivalents
51.8
45.0
160
+15.1%
Receivables
373
387
385
-3.5%
Inventory
375
318
286
+17.9%
Other assets
340
399
366
-14.6%
Total assets
1,692
1,706
1,692
-0.8%
10-K for the year ended 31 December 2012, filed 15 February 2013: the filing.