Masco (MAS) FY2011 results: revenue $7.2 billion, down 0.2% on the year
Masco Corp. (MAS) reported revenue of $7.2 billion for fiscal 2011, the year ended 31 December 2011, down 0.2% on the year before. Net income was -$575 million, and diluted earnings per share $-1.66. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2012.
Revenue
$7.2 billion
-0.2% on the year
FY2007FY2011
Operating margin
-3.0%
-6.5% a year earlier
FY2007FY2011
Net income
-$575 million
FY2007FY2011
Diluted EPS
-$1.66
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
7,170
7,183
7,657
-0.2%
Cost of revenue
5,383
5,381
5,647
+0.0%
Gross profit
1,784
1,802
2,010
-1.0%
Gross margin
24.9%
25.1%
26.3%
Selling, general and administrative
1,543
1,570
1,678
-1.7%
Operating income
-215
-466
70.0
Operating margin
-3.0%
-6.5%
0.9%
Interest expense
254
251
225
+1.2%
Pre-tax income
-392
-745
-136
Income tax
-40.0
241
-44.0
Net income
-575
-1,043
-183
Net margin
-8.0%
-14.5%
-2.4%
Diluted EPS
-$1.66
-$3.00
-$0.53
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
239
465
705
-48.6%
Capital expenditure
139
134
121
+3.7%
Free cash flow
100
331
584
-69.8%
Free cash flow margin
1.4%
4.6%
7.6%
Cash from investing
-84.0
-109
-118
Cash from financing
-219
-40.0
-197
Depreciation and amortisation
263
261
245
+0.8%
Share-based compensation
61.0
62.0
69.0
-1.6%
Buybacks
30.0
45.0
11.0
-33.3%
Dividends paid
107
108
166
-0.9%
Dividend per share
$0.30
$0.30
$0.46
0.0%
Diluted shares, weighted
348m
349m
351m
-0.3%
Shares outstanding at period end
348m
349m
350m
-0.2%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
527
1,384
2,629
-61.9%
Non-controlling interest
215
198
188
+8.6%
Debt
4,025
4,098
3,968
-1.8%
Other liabilities
2,530
2,460
2,390
+2.8%
Total liabilities and equity
7,297
8,140
9,175
-10.4%
Fixed assets
1,454
1,737
1,981
-16.3%
Goodwill
1,891
2,341
3,108
-19.2%
Intangible assets
196
269
290
-27.1%
Investments
415
236
352
+75.8%
Cash and equivalents
1,353
1,425
1,413
-5.1%
Receivables
59.0
65.0
75.0
-9.2%
Inventory
706
732
743
-3.6%
Other assets
1,223
1,335
1,213
-8.4%
Total assets
7,297
8,140
9,175
-10.4%
10-K for the year ended 31 December 2011, filed 21 February 2012: the filing.