MKS (MKSI) FY2011 results: revenue $823 million, down 3.6% on the year
MKS Inc. (MKSI) reported revenue of $823 million for fiscal 2011, the year ended 31 December 2011, down 3.6% on the year before. Net income was $130 million, down 9.0%, and diluted earnings per share $2.45. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2012.
Revenue
$823 million
-3.6% on the year
FY2008FY2011
Operating margin
22.5%
22.9% a year earlier
FY2008FY2011
Net income
$130 million
-9.0% on the year
FY2008FY2011
Diluted EPS
$2.45
-12.5% on the year
FY2008FY2011
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
823
853
393
-3.6%
Cost of revenue
448
474
262
-5.7%
Gross profit
375
379
130
-1.0%
Gross margin
45.6%
44.4%
33.2%
Research and development
61.0
62.7
50.2
-2.6%
Selling, general and administrative
128
120
100
+6.8%
Operating income
185
196
-172
-5.4%
Operating margin
22.5%
22.9%
-43.7%
Interest expense
0.0
0.1
0.1
-76.3%
Pre-tax income
186
196
-170
-5.3%
Income tax
56.3
63.5
-20.7
-11.3%
Effective tax rate
30.3%
32.3%
n/a
Net income
130
143
-213
-9.0%
Net margin
15.8%
16.7%
-54.2%
Diluted EPS
$2.45
$2.80
-$4.31
-12.5%
$ 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
156
163
4.9
-4.5%
Capital expenditure
15.6
15.8
4.2
-1.6%
Free cash flow
140
148
0.7
-4.9%
Free cash flow margin
17.1%
17.3%
0.2%
Cash from investing
-6.1
-106
-9.6
Cash from financing
2.4
-5.0
-5.6
Depreciation and amortisation
13.0
13.8
18.8
-6.1%
Share-based compensation
11.2
10.6
8.8
+5.9%
Buybacks
2.0
0.0
0.0
Dividends paid
31.4
0.0
0.0
Dividend per share
$0.60
$0.00
$0.00
Diluted shares, weighted
53m
51m
49m
+3.8%
Shares outstanding at period end
52m
51m
50m
+3.6%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
990
847
685
+16.9%
Short-term borrowings
n/a
n/a
12.9
Debt
1.9
0.0
n/a
Other liabilities
127
135
76.3
-6.4%
Total liabilities and equity
1,119
982
774
+13.9%
Fixed assets
72.5
69.0
67.2
+5.1%
Goodwill
140
140
145
+0.0%
Intangible assets
1.0
1.7
5.0
-40.2%
Investments
260
269
166
-3.3%
Cash and equivalents
313
162
111
+92.6%
Receivables
121
138
94.2
-12.5%
Inventory
154
156
118
-1.8%
Other assets
57.1
45.1
68.5
+26.6%
Total assets
1,119
982
774
+13.9%
10-K for the year ended 31 December 2011, filed 24 February 2012: the filing.