New York Times (NYT) FY2012 results: revenue $1.6 billion, up 2.6% on the year
New York Times Co. (NYT) reported revenue of $1.6 billion for fiscal 2012, the year ended 30 December 2012, up 2.6% on the year before. Net income was $136 million, and diluted earnings per share $0.89. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$1.6 billion
+2.6% on the year
FY2008FY2012
Operating margin
6.5%
8.2% a year earlier
FY2008FY2012
Net income
$136 million
FY2008FY2012
Diluted EPS
$0.89
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
1,595
1,555
1,981
+2.6%
Cost of revenue
651
640
806
+1.7%
Gross profit
944
914
1,174
+3.2%
Gross margin
59.2%
58.8%
59.3%
Selling, general and administrative
711
688
910
+3.4%
Operating income
104
127
145
-18.2%
Operating margin
6.5%
8.2%
7.3%
Pre-tax income
259
66.0
88.4
+291.7%
Income tax
94.6
21.4
33.3
+341.8%
Effective tax rate
36.6%
32.4%
37.7%
Net income
136
-37.6
108
Net margin
8.5%
-2.4%
5.4%
Diluted EPS
$0.89
-$0.25
$0.71
$ 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
79.3
73.9
153
+7.3%
Capital expenditure
34.9
44.9
33.6
-22.3%
Free cash flow
44.4
29.0
120
+53.0%
Free cash flow margin
2.8%
1.9%
6.0%
Cash from investing
647
-18.3
-40.5
Cash from financing
-80.9
-250
221
Depreciation and amortisation
104
116
121
-10.9%
Share-based compensation
4.7
8.5
7.0
-44.8%
Buybacks
n/a
0.0
0.0
Dividends paid
0.0
0.0
0.0
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
153m
152m
153m
+0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
662
506
660
+30.8%
Non-controlling interest
3.3
3.1
4.1
+5.1%
Debt
690
766
990
-10.0%
Other liabilities
1,451
1,608
1,632
-9.8%
Total liabilities and equity
2,806
2,883
3,286
-2.7%
Fixed assets
773
937
1,157
-17.5%
Goodwill
123
122
122
+0.9%
Intangible assets
n/a
17.6
35.4
Investments
139
105
30.0
+32.8%
Cash and equivalents
820
175
370
+368.4%
Receivables
198
247
302
-20.1%
Inventory
7.3
17.8
16.1
-58.7%
Other assets
745
1,262
1,253
-40.9%
Total assets
2,806
2,883
3,286
-2.7%
10-K for the year ended 30 December 2012, filed 28 February 2013: the filing.