Omnicom Group (OMC) FY2011 results: revenue $13.9 billion, up 10.6% on the year
Omnicom Group Inc. (OMC) reported revenue of $13.9 billion for fiscal 2011, the year ended 31 December 2011, up 10.6% on the year before. Net income was $953 million, up 15.1%, and diluted earnings per share $3.33. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2012.
Revenue
$13.9 billion
+10.6% on the year
FY2007FY2011
Operating margin
12.0%
11.6% a year earlier
FY2007FY2011
Net income
$953 million
+15.1% on the year
FY2007FY2011
Diluted EPS
$3.33
+23.3% 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
13,872
12,542
11,721
+10.6%
Operating income
1,671
1,460
1,375
+14.4%
Operating margin
12.0%
11.6%
11.7%
Interest expense
158
135
122
+17.4%
Pre-tax income
1,549
1,350
1,274
+14.7%
Income tax
506
460
434
+9.9%
Effective tax rate
32.7%
34.1%
34.0%
Net income
953
828
793
+15.1%
Net margin
6.9%
6.6%
6.8%
Diluted EPS
$3.33
$2.70
$2.53
+23.3%
$ 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
1,315
1,488
1,732
-11.6%
Capital expenditure
186
154
131
+20.7%
Free cash flow
1,130
1,334
1,601
-15.3%
Free cash flow margin
8.1%
10.6%
13.7%
Cash from investing
-575
-294
-226
Cash from financing
-1,206
-537
-1,128
Depreciation and amortisation
274
253
243
+8.2%
Share-based compensation
74.5
69.3
78.6
+7.5%
Buybacks
849
1,296
15.0
-34.5%
Dividends paid
269
230
187
+17.2%
Dividend per share
$1.00
$0.80
$0.60
+25.0%
Diluted shares, weighted
283m
304m
310m
-6.7%
Shares outstanding at period end
273m
286m
308m
-4.2%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
3,504
3,580
4,195
-2.1%
Non-controlling interest
476
313
258
+52.1%
Short-term borrowings
n/a
50.2
19.3
Debt
3,193
2,465
1,495
+29.5%
Other liabilities
13,332
13,158
11,954
+1.3%
Total liabilities and equity
20,505
19,566
17,921
+4.8%
Fixed assets
683
653
677
+4.5%
Goodwill
8,456
7,809
7,641
+8.3%
Intangible assets
468
278
221
+68.4%
Investments
23.8
11.3
7.8
+110.6%
Cash and equivalents
1,781
2,289
1,587
-22.2%
Receivables
6,632
5,977
5,574
+11.0%
Other assets
2,461
2,548
2,212
-3.4%
Total assets
20,505
19,566
17,921
+4.8%
10-K for the year ended 31 December 2011, filed 17 February 2012: the filing.