Pentair (PNR) FY2012 results: revenue $4.3 billion, up 24.6% on the year
Pentair plc (PNR) reported revenue of $4.3 billion for fiscal 2012, the year ended 31 December 2012, up 24.6% on the year before. Net income was -$107 million, and diluted earnings per share $-0.84. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$4.3 billion
+24.6% on the year
FY2008FY2012
Operating margin
-0.1%
2.9% a year earlier
FY2008FY2012
Net income
-$107 million
FY2008FY2012
Diluted EPS
-$0.84
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
4,307
3,457
3,031
+24.6%
Cost of revenue
3,041
2,383
2,100
+27.6%
Gross profit
1,266
1,074
931
+17.9%
Gross margin
29.4%
31.1%
30.7%
Research and development
92.3
78.2
67.2
+18.1%
Selling, general and administrative
1,118
695
551
+60.9%
Operating income
-4.8
100
313
Operating margin
-0.1%
2.9%
10.3%
Interest expense
70.2
60.3
37.4
+16.5%
Pre-tax income
-146
43.2
279
Income tax
-67.2
46.4
88.9
Effective tax rate
n/a
107.4%
31.9%
Net income
-107
-7.5
185
Net margin
-2.5%
-0.2%
6.1%
Diluted EPS
-$0.84
-$0.08
$1.86
$ 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
43.7
320
270
-86.4%
Capital expenditure
94.5
73.3
59.5
+28.9%
Free cash flow
-50.8
247
211
Free cash flow margin
-1.2%
7.1%
7.0%
Cash from investing
376
-808
-60.3
Cash from financing
-232
504
-191
Depreciation and amortisation
160
108
n/a
+48.1%
Share-based compensation
35.8
19.5
21.5
+83.9%
Buybacks
334
12.8
24.7
+2,513.7%
Dividends paid
112
79.5
75.5
+41.3%
Dividend per share
$0.88
$0.80
$0.76
+10.0%
Diluted shares, weighted
127m
98m
99m
+29.7%
Shares outstanding at period end
n/a
99m
98m
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
6,367
1,933
2,093
+229.3%
Non-controlling interest
116
114
112
+2.1%
Debt
2,457
1,309
707
+87.7%
Other liabilities
2,942
1,230
1,061
+139.2%
Total liabilities and equity
11,883
4,586
3,974
+159.1%
Fixed assets
1,188
388
329
+206.6%
Goodwill
4,838
2,274
2,066
+112.7%
Intangible assets
1,927
592
454
+225.3%
Cash and equivalents
237
50.1
46.1
+374.1%
Inventory
1,334
450
405
+196.5%
Other assets
2,359
833
673
+183.3%
Total assets
11,883
4,586
3,974
+159.1%
10-K for the year ended 31 December 2012, filed 26 February 2013: the filing.