MDU Resources Group (MDU) FY2011 results: revenue $4.1 billion, up 3.6% on the year
MDU Resources Group Inc. (MDU) reported revenue of $4.1 billion for fiscal 2011, the year ended 31 December 2011, up 3.6% on the year before. Net income was $213 million, down 11.5%, and diluted earnings per share $1.12. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2012.
Revenue
$4.1 billion
+3.6% on the year
FY2007FY2011
Operating margin
10.0%
10.5% a year earlier
FY2007FY2011
Net income
$213 million
-11.5% on the year
FY2007FY2011
Diluted EPS
$1.12
-11.8% on the year
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
4,050
3,910
4,177
+3.6%
Operating income
406
411
-153
-1.1%
Operating margin
10.0%
10.5%
-3.7%
Interest expense
81.4
83.0
84.1
-2.0%
Pre-tax income
336
367
-219
-8.3%
Income tax
110
123
-96.1
-10.0%
Effective tax rate
32.8%
33.4%
n/a
Net income
213
241
-123
-11.5%
Net margin
5.3%
6.2%
-3.0%
Diluted EPS
$1.12
$1.27
-$0.67
-11.8%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
627
552
847
+13.6%
Capital expenditure
497
449
n/a
+10.6%
Free cash flow
130
102
n/a
+26.7%
Free cash flow margin
3.2%
2.6%
n/a
Cash from investing
-465
-408
-432
Cash from financing
-221
-96.8
-292
Depreciation and amortisation
343
329
331
+4.4%
Share-based compensation
3.5
3.4
3.4
+2.9%
Dividends paid
123
119
115
+3.5%
Dividend per share
$0.66
$0.64
$0.62
+3.1%
Diluted shares, weighted
189m
188m
185m
+0.4%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
2,776
2,693
2,572
+3.1%
Short-term borrowings
n/a
n/a
10.3
Debt
1,425
1,527
1,487
-6.7%
Other liabilities
2,356
2,084
1,922
+13.0%
Total liabilities and equity
6,556
6,304
5,991
+4.0%
Fixed assets
4,285
4,115
3,894
+4.1%
Goodwill
635
635
629
+0.0%
Intangible assets
20.8
25.3
29.0
-17.5%
Investments
109
n/a
2.8
Cash and equivalents
163
222
175
-26.7%
Receivables
646
584
532
+10.7%
Inventory
274
253
250
+8.4%
Other assets
423
470
479
-10.0%
Total assets
6,556
6,304
5,991
+4.0%
10-K for the year ended 31 December 2011, filed 24 February 2012: the filing.