Mettler Toledo International (MTD) FY2012 results: revenue $2.3 billion, up 1.4% on the year
Mettler Toledo International Inc. (MTD) reported revenue of $2.3 billion for fiscal 2012, the year ended 31 December 2012, up 1.4% on the year before. Net income was $291 million, up 7.9%, and diluted earnings per share $9.14. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2014.
Revenue
$2.3 billion
+1.4% on the year
FY2008FY2012
Operating margin
n/a
FY2008FY2012
Net income
$291 million
+7.9% on the year
FY2008FY2012
Diluted EPS
$9.14
+11.3% 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
2,342
2,309
1,968
+1.4%
Cost of revenue
1,100
1,091
931
+0.9%
Gross profit
1,241
1,218
1,037
+1.9%
Gross margin
53.0%
52.8%
52.7%
Research and development
113
116
97.0
-3.1%
Selling, general and administrative
684
704
589
-2.8%
Interest expense
22.8
23.2
20.1
-2.0%
Pre-tax income
383
349
308
+9.6%
Income tax
91.8
79.7
75.4
+15.1%
Effective tax rate
24.0%
22.8%
24.5%
Net income
291
269
232
+7.9%
Net margin
12.4%
11.7%
11.8%
Diluted EPS
$9.14
$8.21
$6.80
+11.3%
$ 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
328
281
268
+16.7%
Capital expenditure
95.6
98.5
73.9
-3.0%
Free cash flow
232
182
194
+27.3%
Free cash flow margin
9.9%
7.9%
9.9%
Cash from investing
-97.3
-132
-77.0
Cash from financing
-366
-360
168
Depreciation and amortisation
40.6
38.5
35.9
+5.5%
Share-based compensation
13.2
12.3
12.4
+7.5%
Buybacks
279
205
240
+36.2%
Diluted shares, weighted
32m
33m
34m
-3.1%
Shares outstanding at period end
30m
32m
32m
-3.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
827
781
772
+5.9%
Debt
389
505
681
-23.0%
Other liabilities
806
829
830
-2.7%
Total liabilities and equity
2,022
2,115
2,283
-4.4%
Fixed assets
469
410
364
+14.5%
Goodwill
452
448
435
+1.0%
Intangible assets
118
121
104
-3.2%
Cash and equivalents
102
236
448
-56.8%
Receivables
437
425
369
+2.9%
Inventory
199
241
217
-17.6%
Other assets
245
234
346
+4.9%
Total assets
2,022
2,115
2,283
-4.4%
10-K for the year ended 31 December 2012, filed 7 February 2014: the filing.