Martin Marietta Materials (MLM) FY2012 results: revenue $2.0 billion, up 18.6% on the year
Martin Marietta Materials Inc. (MLM) reported revenue of $2.0 billion for fiscal 2012, the year ended 31 December 2012, up 18.6% on the year before. Net income was $84 million, up 2.5%, and diluted earnings per share $1.83. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$2.0 billion
+18.6% on the year
FY2008FY2012
Operating margin
7.7%
9.4% a year earlier
FY2008FY2012
Net income
$84 million
+2.5% on the year
FY2008FY2012
Diluted EPS
$1.83
+2.8% 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
2,032
1,714
1,653
+18.6%
Cost of revenue
1,705
1,412
1,331
+20.8%
Gross profit
327
302
322
+8.3%
Gross margin
16.1%
17.6%
19.5%
Research and development
n/a
n/a
0.2
Selling, general and administrative
138
124
130
+11.5%
Operating income
156
161
198
-3.0%
Operating margin
7.7%
9.4%
12.0%
Interest expense
53.3
58.6
68.5
-9.0%
Pre-tax income
104
101
130
+3.5%
Income tax
17.4
21.0
30.9
-16.9%
Effective tax rate
16.7%
20.9%
23.8%
Net income
84.5
82.4
97.0
+2.5%
Net margin
4.2%
4.8%
5.9%
Diluted EPS
$1.83
$1.78
$2.10
+2.8%
$ 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
FY2012
FY2011
FY2010
On the year
Last 8 years
Operating cash flow
223
259
270
-14.1%
Capital expenditure
151
155
136
-2.8%
Free cash flow
71.7
104
134
-30.9%
Free cash flow margin
3.5%
6.1%
8.1%
Cash from investing
-143
-239
-174
Cash from financing
-80.1
-64.5
-289
Depreciation and amortisation
177
173
182
+2.2%
Share-based compensation
7.8
11.5
14.7
-32.5%
Dividends paid
73.8
73.6
73.5
+0.2%
Dividend per share
$1.60
$1.60
$1.60
0.0%
Diluted shares, weighted
46m
46m
46m
+0.4%
Shares outstanding at period end
46m
46m
46m
+0.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,411
1,409
1,425
+0.1%
Non-controlling interest
39.8
39.5
42.8
+0.5%
Debt
1,048
1,060
1,031
-1.2%
Other liabilities
663
639
576
+3.7%
Total liabilities and equity
3,161
3,148
3,075
+0.4%
Fixed assets
1,753
1,774
1,688
-1.2%
Goodwill
616
617
627
-0.1%
Intangible assets
50.4
54.1
17.5
-6.8%
Cash and equivalents
25.4
26.0
70.3
-2.4%
Receivables
224
204
183
+10.0%
Inventory
332
323
332
+3.0%
Other assets
159
150
157
+5.9%
Total assets
3,161
3,148
3,075
+0.4%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.