Regions Financial (RF) FY2011 results: revenue $5.6 billion, down 5.5% on the year
Regions Financial Corp. (RF) reported revenue of $5.6 billion for fiscal 2011, the year ended 31 December 2011, down 5.5% on the year before. Net income was -$215 million, and diluted earnings per share $-0.34. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2014.
Revenue
$5.6 billion
-5.5% on the year
FY2007FY2011
Operating margin
n/a
FY2007FY2011
Net income
-$215 million
FY2007FY2011
Diluted EPS
-$0.34
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
5,553
5,878
6,058
-5.5%
Interest expense
842
1,248
1,984
-32.5%
Pre-tax income
161
-844
-1,268
Income tax
-28.0
-376
-194
Effective tax rate
-17.4%
n/a
n/a
Net income
-215
-539
-1,031
Net margin
-3.9%
-9.2%
-17.0%
Diluted EPS
-$0.34
-$0.62
-$1.27
$ 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
4,753
4,227
2,037
+12.4%
Capital expenditure
201
191
234
+5.2%
Free cash flow
4,552
4,036
1,803
+12.8%
Cash from investing
659
4,084
-1,640
-83.9%
Cash from financing
-5,086
-9,403
-3,359
Depreciation and amortisation
683
732
n/a
-6.7%
Share-based compensation
14.0
19.0
32.0
-26.3%
Buybacks
0.0
n/a
0.0
Dividends paid
51.0
49.0
105
+4.1%
Dividend per share
$0.04
$0.04
$0.13
0.0%
Diluted shares, weighted
1,258m
1,227m
989m
+2.5%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
16,499
16,734
17,881
-1.4%
Deposits
95,627
94,614
98,680
+1.1%
Repurchase agreements
2,333
2,716
1,893
-14.1%
Short-term borrowings
n/a
3,937
3,668
Debt
11,177
13,190
18,464
-15.3%
Other liabilities
1,414
1,160
1,732
+21.9%
Total liabilities and equity
127,050
132,351
142,318
-4.0%
Fixed assets
2,375
2,569
2,668
-7.6%
Goodwill
4,816
5,561
5,557
-13.4%
Intangible assets
449
385
503
+16.6%
Securities held for sale or to maturity
16.0
24.0
31.0
-33.3%
Loans
74,849
79,679
87,560
-6.1%
Resale agreements
200
396
379
-49.5%
Trading assets
1,266
1,116
3,039
+13.4%
Cash and equivalents
7,245
6,919
8,011
+4.7%
Other assets
35,834
35,702
34,570
+0.4%
Total assets
127,050
132,351
142,318
-4.0%
10-K for the year ended 31 December 2011, filed 21 February 2014: the filing.