Nucor (NUE) FY2011 results: revenue $20.0 billion, up 26.4% on the year
Nucor Corp. (NUE) reported revenue of $20.0 billion for fiscal 2011, the year ended 31 December 2011, up 26.4% on the year before. Net income was $778 million, up 480.3%, and diluted earnings per share $2.45. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2012.
Revenue
$20.0 billion
+26.4% on the year
FY2007FY2011
Operating margin
n/a
FY2007FY2011
Net income
$778 million
+480.3% on the year
FY2007FY2011
Diluted EPS
$2.45
+483.3% 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
20,024
15,845
11,190
+26.4%
Cost of revenue
18,142
15,061
11,036
+20.5%
Gross profit
1,881
784
154
+140.1%
Gross margin
9.4%
4.9%
1.4%
Selling, general and administrative
440
331
351
+32.6%
Interest expense
179
161
150
+11.0%
Pre-tax income
1,252
267
-414
+368.6%
Income tax
391
60.8
-177
+542.9%
Effective tax rate
31.2%
22.8%
n/a
Net income
778
134
-294
+480.3%
Net margin
3.9%
0.8%
-2.6%
Diluted EPS
$2.45
$0.42
-$0.94
+483.3%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
1,033
867
1,173
+19.1%
Capital expenditure
439
339
390
+29.6%
Free cash flow
594
528
783
+12.4%
Free cash flow margin
3.0%
3.3%
7.0%
Cash from investing
-660
-2,256
-700
Cash from financing
-495
692
-820
Depreciation and amortisation
590
583
566
+1.3%
Share-based compensation
49.0
43.0
54.7
+13.9%
Buybacks
n/a
n/a
0.0
Dividends paid
462
457
443
+0.9%
Dividend per share
$1.45
$1.44
$1.41
+0.7%
Diluted shares, weighted
317m
317m
315m
+0.2%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
7,475
7,120
7,391
+5.0%
Non-controlling interest
232
211
194
+10.0%
Short-term borrowings
1.8
13.3
1.7
-86.3%
Debt
4,280
4,280
3,086
0.0%
Other liabilities
2,582
2,298
1,900
+12.4%
Total liabilities and equity
14,570
13,922
12,572
+4.7%
Fixed assets
3,756
3,852
4,014
-2.5%
Goodwill
1,831
1,836
1,803
-0.3%
Intangible assets
785
856
903
-8.3%
Investments
1,363
1,154
225
+18.1%
Cash and equivalents
1,201
1,325
2,017
-9.4%
Receivables
1,711
1,440
1,116
+18.8%
Inventory
1,987
1,558
1,313
+27.6%
Other assets
1,938
1,901
1,181
+2.0%
Total assets
14,570
13,922
12,572
+4.7%
10-K for the year ended 31 December 2011, filed 28 February 2012: the filing.