Otter Tail (OTTR) FY2012 results: revenue $710 million, down 15.5% on the year
Otter Tail Corp. (OTTR) reported revenue of $710 million for fiscal 2012, the year ended 31 December 2012, down 15.5% on the year before. Net income was -$5 million, and diluted earnings per share $-0.17. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$710 million
-15.5% on the year
FY2008FY2012
Operating margin
13.3%
8.6% a year earlier
FY2008FY2012
Net income
-$5 million
FY2008FY2012
Diluted EPS
-$0.17
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
710
840
718
-15.5%
Operating income
94.3
71.9
64.6
+31.2%
Operating margin
13.3%
8.6%
9.0%
Pre-tax income
53.2
39.0
29.5
+36.3%
Income tax
7.2
4.1
3.2
+74.1%
Effective tax rate
13.5%
10.6%
10.9%
Net income
-5.3
-13.2
-1.3
Net margin
-0.7%
-1.6%
-0.2%
Diluted EPS
-$0.17
-$0.40
-$0.06
$ 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
234
104
105
+123.7%
Capital expenditure
114
67.4
58.3
+69.5%
Free cash flow
119
37.0
46.8
+222.4%
Free cash flow margin
16.8%
4.4%
6.5%
Cash from investing
-83.6
5.4
-85.2
Cash from financing
-112
-95.5
-23.7
Depreciation and amortisation
57.9
58.3
57.6
-0.8%
Share-based compensation
1.3
2.2
2.9
-39.8%
Buybacks
0.1
1.2
0.4
-90.6%
Dividend per share
$1.19
$1.19
$1.19
0.0%
Diluted shares, weighted
36m
36m
n/a
+0.4%
Shares outstanding at period end
36m
36m
36m
+0.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
522
571
632
-8.7%
Debt
422
472
513
-10.6%
Other liabilities
659
657
625
+0.2%
Total liabilities and equity
1,602
1,701
1,771
-5.8%
Fixed assets
1,049
1,003
1,049
+4.6%
Goodwill
31.5
39.1
39.1
-19.5%
Intangible assets
14.3
15.3
16.2
-6.4%
Investments
9.5
11.1
9.7
-14.6%
Cash and equivalents
54.7
18.2
0.0
+201.3%
Receivables
91.2
93.4
95.0
-2.4%
Inventory
69.3
68.7
72.0
+0.9%
Other assets
282
452
489
-37.5%
Total assets
1,602
1,701
1,771
-5.8%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.