Northern Trust (NTRS) FY2011 results: revenue $3.8 billion, up 3.4% on the year
Northern Trust Corp. (NTRS) reported revenue of $3.8 billion for fiscal 2011, the year ended 31 December 2011, up 3.4% on the year before. Net income was $604 million, down 9.8%, and diluted earnings per share $2.47. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2014.
Revenue
$3.8 billion
+3.4% on the year
FY2007FY2011
Operating margin
n/a
FY2007FY2011
Net income
$604 million
-9.8% on the year
FY2007FY2011
Diluted EPS
$2.47
-9.9% 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
3,770
3,648
3,787
+3.4%
Interest expense
400
378
406
+5.7%
Pre-tax income
884
990
1,255
-10.7%
Income tax
280
320
391
-12.6%
Effective tax rate
31.7%
32.4%
31.2%
Net income
604
670
864
-9.8%
Net margin
16.0%
18.4%
22.8%
Diluted EPS
$2.47
$2.74
$3.16
-9.9%
$ 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
1,254
790
1,015
+58.7%
Capital expenditure
96.9
90.5
133
+7.1%
Free cash flow
1,157
700
882
+65.4%
Cash from investing
-15,388
-1,768
-1,679
Cash from financing
15,804
1,145
421
+1,280.1%
Share-based compensation
70.3
52.7
25.4
+33.4%
Buybacks
79.0
5.9
10.7
+1,239.0%
Dividends paid
274
273
260
+0.2%
Dividend per share
n/a
$1.12
$1.12
Diluted shares, weighted
242m
243m
236m
-0.3%
Shares outstanding at period end
241m
242m
242m
-0.5%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
7,117
6,830
6,312
+4.2%
Deposits
82,678
64,196
58,281
+28.8%
Debt
7,482
9,896
2,838
-24.4%
Other liabilities
2,946
2,922
14,710
+0.8%
Total liabilities and equity
100,224
83,844
82,142
+19.5%
Fixed assets
494
504
544
-2.0%
Goodwill
532
401
402
+32.7%
Intangible assets
123
53.2
60.7
+132.0%
Securities held for sale or to maturity
30,992
1,002
1,240
+2,992.7%
Loans
28,769
27,812
27,496
+3.4%
Resale agreements
121
160
250
-24.2%
Trading assets
8.0
6.8
9.9
+17.6%
Other assets
39,184
53,904
52,139
-27.3%
Total assets
100,224
83,844
82,142
+19.5%
10-K for the year ended 31 December 2011, filed 26 February 2014: the filing.