Procter & Gamble (PG) FY2012 results: revenue $82.0 billion, up 1.1% on the year
Procter & Gamble Co. (PG) reported revenue of $82.0 billion for fiscal 2012, the year ended 30 June 2012, up 1.1% on the year before. Net income was $10.8 billion, down 8.8%, and diluted earnings per share $3.66. The figures are the company's own, from the 10-K it filed with the SEC on 8 August 2012.
Revenue
$82.0 billion
+1.1% on the year
FY2007FY2012
Operating margin
15.9%
19.1% a year earlier
FY2007FY2012
Net income
$10.8 billion
-8.8% on the year
FY2007FY2012
Diluted EPS
$3.66
-6.9% on the year
FY2007FY2012
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
82,006
81,104
77,567
+1.1%
Cost of revenue
41,411
39,859
37,042
+3.9%
Gross profit
40,595
41,245
40,525
-1.6%
Gross margin
49.5%
50.9%
52.2%
Research and development
2,000
2,000
n/a
0.0%
Selling, general and administrative
25,984
25,750
24,793
+0.9%
Operating income
13,035
15,495
15,732
-15.9%
Operating margin
15.9%
19.1%
20.3%
Interest expense
769
831
946
-7.5%
Income tax
3,378
3,299
4,017
+2.4%
Net income
10,756
11,797
12,736
-8.8%
Net margin
13.1%
14.5%
16.4%
Diluted EPS
$3.66
$3.93
$4.11
-6.9%
$ 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
13,284
13,330
16,131
-0.3%
Capital expenditure
3,964
3,306
3,067
+19.9%
Free cash flow
9,320
10,024
13,064
-7.0%
Free cash flow margin
11.4%
12.4%
16.8%
Cash from investing
-1,093
-3,482
-597
Cash from financing
-10,410
-10,122
-17,314
Depreciation and amortisation
3,204
2,838
3,108
+12.9%
Share-based compensation
377
414
453
-8.9%
Buybacks
4,024
7,039
6,004
-42.8%
Dividends paid
6,139
5,767
5,458
+6.5%
Dividend per share
$2.14
$1.97
$1.80
+8.6%
Diluted shares, weighted
2,941m
3,002m
3,099m
-2.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
64,035
68,001
61,439
-5.8%
Debt
29,778
32,014
21,924
-7.0%
Other liabilities
38,431
38,339
44,809
+0.2%
Total liabilities and equity
132,244
138,354
128,172
-4.4%
Fixed assets
20,377
21,293
19,244
-4.3%
Goodwill
53,773
57,562
54,012
-6.6%
Intangible assets
30,988
32,620
31,636
-5.0%
Cash and equivalents
4,436
2,768
2,879
+60.3%
Receivables
6,068
6,275
5,335
-3.3%
Inventory
6,721
7,379
6,384
-8.9%
Other assets
9,881
10,457
8,682
-5.5%
Total assets
132,244
138,354
128,172
-4.4%
10-K for the year ended 30 June 2012, filed 8 August 2012: the filing.