Matson (MATX) FY2012 results: revenue $1.6 billion, up 6.7% on the year
Matson, Inc. (MATX) reported revenue of $1.6 billion for fiscal 2012, the year ended 31 December 2012, up 6.7% on the year before. Net income was $46 million, up 34.2%, and diluted earnings per share $1.08. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$1.6 billion
+6.7% on the year
FY2008FY2012
Operating margin
6.2%
5.4% a year earlier
FY2008FY2012
Net income
$46 million
+34.2% on the year
FY2008FY2012
Diluted EPS
$1.08
+33.3% 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
1,560
1,463
1,371
+6.7%
Cost of revenue
n/a
131
150
Selling, general and administrative
120
112
113
+6.5%
Operating income
96.7
78.6
125
+23.0%
Operating margin
6.2%
5.4%
9.1%
Interest expense
11.7
7.7
8.2
+51.9%
Pre-tax income
85.0
70.9
117
+19.9%
Income tax
33.0
25.1
46.7
+31.5%
Effective tax rate
38.8%
35.4%
39.8%
Net income
45.9
34.2
92.0
+34.2%
Net margin
2.9%
2.3%
6.7%
Diluted EPS
$1.08
$0.81
$2.22
+33.3%
$ 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
64.1
86.0
150
-25.5%
Capital expenditure
38.1
47.2
71.2
-19.3%
Free cash flow
26.0
38.8
78.8
-33.0%
Free cash flow margin
1.7%
2.7%
5.7%
Cash from investing
n/a
-71.0
-150
Cash from financing
n/a
-7.0
-2.0
Depreciation and amortisation
72.5
71.6
70.8
+1.3%
Share-based compensation
4.0
2.7
2.6
+48.1%
Buybacks
n/a
n/a
0.0
Dividends paid
39.5
53.0
52.2
-25.5%
Dividend per share
$0.93
$1.26
$1.26
-26.2%
Diluted shares, weighted
43m
42m
42m
+1.7%
Shares outstanding at period end
43m
42m
41m
+2.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
280
1,123
1,136
-75.1%
Debt
319
198
522
+61.6%
Other liabilities
575
1,224
837
-53.0%
Total liabilities and equity
1,174
2,544
2,495
-53.8%
Fixed assets
762
800
1,651
-4.7%
Goodwill
27.0
27.0
27.0
0.0%
Intangible assets
3.9
n/a
n/a
Cash and equivalents
19.9
9.8
14.0
+103.1%
Receivables
175
168
165
+4.2%
Inventory
4.3
4.2
35.0
+2.4%
Other assets
182
1,535
603
-88.1%
Total assets
1,174
2,544
2,495
-53.8%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.