Paccar (PCAR) FY2012 results: revenue $17.1 billion, up 4.3% on the year
Paccar Inc. (PCAR) reported revenue of $17.1 billion for fiscal 2012, the year ended 31 December 2012, up 4.3% on the year before. Net income was $1.1 billion, up 6.6%, and diluted earnings per share $2.08. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2013.
Revenue
$17.1 billion
+4.3% on the year
FY2008FY2012
Operating margin
n/a
FY2008FY2012
Net income
$1.1 billion
+6.6% on the year
FY2008FY2012
Diluted EPS
$2.08
+9.1% on the year
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
17,050
16,355
10,293
+4.3%
Interest expense
n/a
192
230
Pre-tax income
1,629
1,507
660
+8.1%
Income tax
517
465
203
+11.3%
Effective tax rate
31.8%
30.8%
30.7%
Net income
1,112
1,042
458
+6.6%
Net margin
6.5%
6.4%
4.4%
Diluted EPS
$2.08
$1.91
$0.83
+9.1%
$ 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
1,519
1,593
1,551
-4.6%
Capital expenditure
515
341
168
+51.3%
Free cash flow
1,004
1,252
1,383
-19.8%
Free cash flow margin
5.9%
7.7%
13.4%
Cash from investing
-2,588
-2,419
-467
Cash from financing
210
946
-960
-77.9%
Depreciation and amortisation
701
674
623
+4.0%
Share-based compensation
13.9
13.8
8.5
+0.7%
Buybacks
162
338
n/a
-52.0%
Dividends paid
810
217
252
+272.4%
Diluted shares, weighted
534m
547m
549m
-2.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
5,847
5,364
5,358
+9.0%
Other liabilities
12,781
11,808
8,876
+8.2%
Total liabilities and equity
18,628
17,173
14,234
+8.5%
Fixed assets
2,313
1,973
1,674
+17.2%
Goodwill
139
137
n/a
+2.0%
Cash and equivalents
1,272
2,107
2,041
-39.6%
Inventory
n/a
n/a
534
Other assets
14,903
12,956
9,986
+15.0%
Total assets
18,628
17,173
14,234
+8.5%
10-K for the year ended 31 December 2012, filed 27 February 2013: the filing.