Nucor (NUE) FY2012 results: revenue $19.4 billion, down 3.0% on the year
Nucor Corp. (NUE) reported revenue of $19.4 billion for fiscal 2012, the year ended 31 December 2012, down 3.0% on the year before. Net income was $505 million, down 35.2%, and diluted earnings per share $1.58. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$19.4 billion
-3.0% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$505 million
-35.2% on the year
FY2007FY2012
Diluted EPS
$1.58
-35.5% 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
19,429
20,024
15,845
-3.0%
Cost of revenue
17,916
18,142
15,061
-1.2%
Gross profit
1,514
1,881
784
-19.6%
Gross margin
7.8%
9.4%
4.9%
Selling, general and administrative
455
440
331
+3.5%
Interest expense
174
179
161
-3.0%
Pre-tax income
853
1,252
267
-31.9%
Income tax
260
391
60.8
-33.5%
Effective tax rate
30.5%
31.2%
22.8%
Net income
505
778
134
-35.2%
Net margin
2.6%
3.9%
0.8%
Diluted EPS
$1.58
$2.45
$0.42
-35.5%
$ 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
1,200
1,033
867
+16.2%
Capital expenditure
948
439
339
+115.9%
Free cash flow
253
594
528
-57.4%
Free cash flow margin
1.3%
3.0%
3.3%
Cash from investing
-204
-660
-2,256
Cash from financing
-1,147
-495
692
Depreciation and amortisation
607
590
583
+2.8%
Share-based compensation
50.7
49.0
43.0
+3.5%
Dividends paid
466
462
457
+1.0%
Dividend per share
$1.46
$1.45
$1.44
+0.7%
Diluted shares, weighted
318m
317m
317m
+0.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
7,642
7,475
7,120
+2.2%
Non-controlling interest
244
232
211
+5.2%
Short-term borrowings
n/a
1.8
13.3
Debt
3,660
4,280
4,280
-14.5%
Other liabilities
2,607
2,582
2,298
+1.0%
Total liabilities and equity
14,152
14,570
13,922
-2.9%
Fixed assets
4,283
3,756
3,852
+14.0%
Goodwill
2,005
1,831
1,836
+9.5%
Intangible assets
959
785
856
+22.3%
Investments
104
1,363
1,154
-92.4%
Cash and equivalents
1,053
1,201
1,325
-12.3%
Receivables
1,707
1,711
1,440
-0.2%
Inventory
2,324
1,987
1,558
+16.9%
Other assets
1,717
1,938
1,901
-11.4%
Total assets
14,152
14,570
13,922
-2.9%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.