MKS (MKSI) FY2012 results: revenue $644 million, down 21.8% on the year
MKS Inc. (MKSI) reported revenue of $644 million for fiscal 2012, the year ended 31 December 2012, down 21.8% on the year before. Net income was $48 million, down 63.0%, and diluted earnings per share $0.90. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$644 million
-21.8% on the year
FY2008FY2012
Operating margin
11.5%
22.5% a year earlier
FY2008FY2012
Net income
$48 million
-63.0% on the year
FY2008FY2012
Diluted EPS
$0.90
-63.3% 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
644
823
853
-21.8%
Cost of revenue
374
448
474
-16.4%
Gross profit
269
375
379
-28.1%
Gross margin
41.9%
45.6%
44.4%
Research and development
60.1
61.0
62.7
-1.5%
Selling, general and administrative
127
128
120
-0.6%
Operating income
74.2
185
196
-59.9%
Operating margin
11.5%
22.5%
22.9%
Interest expense
0.1
0.0
0.1
+356.2%
Pre-tax income
75.1
186
196
-59.6%
Income tax
27.1
56.3
63.5
-51.9%
Effective tax rate
36.1%
30.3%
32.3%
Net income
48.0
130
143
-63.0%
Net margin
7.5%
15.8%
16.7%
Diluted EPS
$0.90
$2.45
$2.80
-63.3%
$ 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
137
156
163
-12.1%
Capital expenditure
17.7
15.6
15.8
+13.7%
Free cash flow
119
140
148
-15.0%
Free cash flow margin
18.6%
17.1%
17.3%
Cash from investing
-118
-6.1
-106
Cash from financing
-47.0
2.4
-5.0
Depreciation and amortisation
14.4
13.0
13.8
+11.3%
Share-based compensation
13.0
11.2
10.6
+16.1%
Buybacks
11.5
2.0
0.0
+473.0%
Dividends paid
32.7
31.4
0.0
+4.2%
Dividend per share
$0.62
$0.60
$0.00
+3.3%
Diluted shares, weighted
53m
53m
51m
+0.7%
Shares outstanding at period end
53m
52m
51m
+0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,012
990
847
+2.2%
Debt
n/a
1.9
0.0
Other liabilities
140
127
135
+10.8%
Total liabilities and equity
1,153
1,119
982
+3.0%
Fixed assets
80.5
72.5
69.0
+11.1%
Goodwill
151
140
140
+7.6%
Intangible assets
11.6
1.0
1.7
+1,008.4%
Investments
340
260
269
+30.5%
Cash and equivalents
288
313
162
-8.1%
Receivables
82.1
121
138
-32.1%
Inventory
135
154
156
-12.4%
Other assets
65.7
57.1
45.1
+14.9%
Total assets
1,153
1,119
982
+3.0%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.