Regions Financial (RF) FY2012 results: revenue $5.4 billion, down 2.8% on the year
Regions Financial Corp. (RF) reported revenue of $5.4 billion for fiscal 2012, the year ended 31 December 2012, down 2.8% on the year before. Net income was $1.1 billion, and diluted earnings per share $0.71. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2013.
Revenue
$5.4 billion
-2.8% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$1.1 billion
FY2007FY2012
Diluted EPS
$0.71
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
5,400
5,553
5,878
-2.8%
Interest expense
603
842
1,248
-28.4%
Pre-tax income
1,661
161
-844
+931.7%
Income tax
482
-28.0
-376
Effective tax rate
29.0%
-17.4%
n/a
Net income
1,120
-215
-539
Net margin
20.7%
-3.9%
-9.2%
Diluted EPS
$0.71
-$0.34
-$0.62
$ 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
2,441
4,753
4,227
-48.6%
Capital expenditure
180
201
191
-10.4%
Free cash flow
2,261
4,552
4,036
-50.3%
Cash from investing
1,007
659
4,084
+52.8%
Cash from financing
-5,204
-5,086
-9,403
Depreciation and amortisation
717
683
732
+5.0%
Share-based compensation
21.0
14.0
19.0
+50.0%
Buybacks
0.0
0.0
n/a
Dividends paid
54.0
51.0
49.0
+5.9%
Dividend per share
$0.04
$0.04
$0.04
0.0%
Diluted shares, weighted
1,387m
1,258m
1,227m
+10.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
15,422
16,499
16,734
-6.5%
Deposits
95,474
95,627
94,614
-0.2%
Repurchase agreements
1,449
2,333
2,716
-37.9%
Short-term borrowings
n/a
n/a
3,937
Debt
7,435
11,177
13,190
-33.5%
Other liabilities
1,567
1,414
1,160
+10.8%
Total liabilities and equity
121,347
127,050
132,351
-4.5%
Fixed assets
2,279
2,375
2,569
-4.0%
Goodwill
4,816
4,816
5,561
0.0%
Intangible assets
345
449
385
-23.2%
Securities held for sale or to maturity
10.0
16.0
24.0
-37.5%
Loans
72,076
74,849
79,679
-3.7%
Resale agreements
n/a
200
396
Trading assets
116
1,266
1,116
-90.8%
Cash and equivalents
5,489
7,245
6,919
-24.2%
Other assets
36,216
35,834
35,702
+1.1%
Total assets
121,347
127,050
132,351
-4.5%
10-K for the year ended 31 December 2012, filed 21 February 2013: the filing.