Northern Trust (NTRS) FY2012 results: revenue $3.9 billion, up 3.3% on the year
Northern Trust Corp. (NTRS) reported revenue of $3.9 billion for fiscal 2012, the year ended 31 December 2012, up 3.3% on the year before. Net income was $687 million, up 13.9%, and diluted earnings per share $2.81. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$3.9 billion
+3.3% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$687 million
+13.9% on the year
FY2007FY2012
Diluted EPS
$2.81
+13.8% on the year
FY2007FY2012
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
3,896
3,770
3,648
+3.3%
Interest expense
297
400
378
-25.6%
Pre-tax income
992
884
990
+12.3%
Income tax
305
280
320
+8.9%
Effective tax rate
30.7%
31.7%
32.4%
Net income
687
604
670
+13.9%
Net margin
17.6%
16.0%
18.4%
Diluted EPS
$2.81
$2.47
$2.74
+13.8%
$ 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
814
1,254
790
-35.1%
Capital expenditure
73.3
96.9
90.5
-24.4%
Free cash flow
741
1,157
700
-36.0%
Cash from investing
1,628
-15,388
-1,768
Cash from financing
-3,073
15,804
1,145
Share-based compensation
73.9
70.3
52.7
+5.1%
Buybacks
162
79.0
5.9
+105.6%
Dividends paid
354
274
273
+29.4%
Dividend per share
n/a
n/a
$1.12
Diluted shares, weighted
241m
242m
243m
-0.4%
Shares outstanding at period end
239m
241m
242m
-0.9%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
7,527
7,117
6,830
+5.8%
Deposits
81,408
82,678
64,196
-1.5%
Debt
5,952
7,482
9,896
-20.5%
Other liabilities
2,577
2,946
2,922
-12.5%
Total liabilities and equity
97,464
100,224
83,844
-2.8%
Fixed assets
470
494
504
-5.0%
Goodwill
538
532
401
+1.1%
Intangible assets
104
123
53.2
-15.7%
Securities held for sale or to maturity
31,026
30,992
1,002
+0.1%
Loans
29,207
28,769
27,812
+1.5%
Resale agreements
60.8
121
160
-49.9%
Trading assets
8.0
8.0
6.8
0.0%
Other assets
36,051
39,184
53,904
-8.0%
Total assets
97,464
100,224
83,844
-2.8%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.