Owens Corning (OC) FY2012 results: revenue $5.2 billion, down 3.1% on the year
Owens Corning (OC) reported revenue of $5.2 billion for fiscal 2012, the year ended 31 December 2012, down 3.1% on the year before. Net income was -$19 million, and diluted earnings per share $-0.16. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2015.
Revenue
$5.2 billion
-3.1% on the year
FY2008FY2012
Operating margin
2.9%
8.6% a year earlier
FY2008FY2012
Net income
-$19 million
FY2008FY2012
Diluted EPS
-$0.16
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
5,172
5,335
4,997
-3.1%
Cost of revenue
4,375
4,307
4,041
+1.6%
Gross profit
797
1,028
956
-22.5%
Gross margin
15.4%
19.3%
19.1%
Research and development
79.0
77.0
76.0
+2.6%
Operating income
148
461
206
-67.9%
Operating margin
2.9%
8.6%
4.1%
Interest expense
114
108
110
+5.6%
Pre-tax income
-40.0
353
96.0
Income tax
-28.0
74.0
-840
Effective tax rate
n/a
21.0%
-875.0%
Net income
-19.0
276
933
Net margin
-0.4%
5.2%
18.7%
Diluted EPS
-$0.16
$2.23
$7.37
$ 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
330
289
488
+14.2%
Capital expenditure
332
442
314
-24.9%
Free cash flow
-2.0
-153
174
Free cash flow margin
-0.0%
-2.9%
3.5%
Cash from investing
-253
-445
-249
Cash from financing
-76.0
174
-750
Depreciation and amortisation
349
318
320
+9.7%
Share-based compensation
24.0
21.0
23.0
+14.3%
Buybacks
113
138
120
-18.1%
Dividends paid
0.0
n/a
n/a
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
119m
124m
127m
-3.3%
Shares outstanding at period end
118m
121m
124m
-2.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,538
3,701
3,648
-4.4%
Non-controlling interest
37.0
40.0
38.0
-7.5%
Short-term borrowings
5.0
n/a
1.0
Debt
2,080
1,962
1,634
+6.0%
Other liabilities
1,908
1,824
1,837
+4.6%
Total liabilities and equity
7,568
7,527
7,158
+0.5%
Fixed assets
2,903
2,904
2,754
-0.0%
Goodwill
n/a
n/a
1,088
Intangible assets
1,045
1,073
1,090
-2.6%
Cash and equivalents
57.0
52.0
52.0
+9.6%
Receivables
600
610
546
-1.6%
Inventory
786
795
620
-1.1%
Other assets
2,177
2,093
1,008
+4.0%
Total assets
7,568
7,527
7,158
+0.5%
10-K for the year ended 31 December 2012, filed 11 February 2015: the filing.