Masco (MAS) FY2012 results: revenue $7.5 billion, up 4.5% on the year
Masco Corp. (MAS) reported revenue of $7.5 billion for fiscal 2012, the year ended 31 December 2012, up 4.5% on the year before. Net income was -$114 million, and diluted earnings per share $-0.33. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2013.
Revenue
$7.5 billion
+4.5% on the year
FY2007FY2012
Operating margin
4.0%
-3.0% a year earlier
FY2007FY2012
Net income
-$114 million
FY2007FY2012
Diluted EPS
-$0.33
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
7,495
7,170
7,183
+4.5%
Cost of revenue
5,539
5,383
5,381
+2.9%
Gross profit
1,956
1,784
1,802
+9.6%
Gross margin
26.1%
24.9%
25.1%
Selling, general and administrative
1,535
1,543
1,570
-0.5%
Operating income
302
-215
-466
Operating margin
4.0%
-3.0%
-6.5%
Interest expense
254
254
251
0.0%
Pre-tax income
73.0
-392
-745
Income tax
91.0
-40.0
241
Effective tax rate
124.7%
n/a
n/a
Net income
-114
-575
-1,043
Net margin
-1.5%
-8.0%
-14.5%
Diluted EPS
-$0.33
-$1.66
-$3.00
$ 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
281
239
465
+17.6%
Capital expenditure
117
139
134
-15.8%
Free cash flow
164
100
331
+64.0%
Free cash flow margin
2.2%
1.4%
4.6%
Cash from investing
-29.0
-84.0
-109
Cash from financing
-576
-219
-40.0
Depreciation and amortisation
214
263
261
-18.6%
Share-based compensation
61.0
61.0
62.0
0.0%
Buybacks
8.0
30.0
45.0
-73.3%
Dividends paid
107
107
108
0.0%
Dividend per share
$0.30
$0.30
$0.30
0.0%
Diluted shares, weighted
349m
348m
349m
+0.3%
Shares outstanding at period end
349m
348m
349m
+0.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
322
527
1,384
-38.9%
Non-controlling interest
212
215
198
-1.4%
Debt
3,628
4,025
4,098
-9.9%
Other liabilities
2,713
2,530
2,460
+7.2%
Total liabilities and equity
6,875
7,297
8,140
-5.8%
Fixed assets
1,326
1,454
1,737
-8.8%
Goodwill
1,894
1,891
2,341
+0.2%
Intangible assets
151
196
269
-23.0%
Investments
406
415
236
-2.2%
Cash and equivalents
1,040
1,353
1,425
-23.1%
Receivables
71.0
59.0
65.0
+20.3%
Inventory
726
706
732
+2.8%
Other assets
1,261
1,223
1,335
+3.1%
Total assets
6,875
7,297
8,140
-5.8%
10-K for the year ended 31 December 2012, filed 15 February 2013: the filing.