Ralph Lauren (RL) FY2012 results: revenue $6.9 billion, up 21.2% on the year
Ralph Lauren Corp. (RL) reported revenue of $6.9 billion for fiscal 2012, the year ended 31 March 2012, up 21.2% on the year before. Net income was $681 million, up 20.0%, and diluted earnings per share $7.13. The figures are the company's own, from the 10-K it filed with the SEC on 24 May 2012.
Revenue
$6.9 billion
+21.2% on the year
FY2009FY2012
Operating margin
15.2%
14.9% a year earlier
FY2009FY2012
Net income
$681 million
+20.0% on the year
FY2009FY2012
Diluted EPS
$7.13
+24.0% on the year
FY2009FY2012
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
6,860
5,660
4,979
+21.2%
Cost of revenue
2,861
2,342
2,080
+22.2%
Gross profit
3,998
3,318
2,899
+20.5%
Gross margin
58.3%
58.6%
58.2%
Selling, general and administrative
2,915
2,443
2,157
+19.3%
Operating income
1,039
845
707
+23.0%
Operating margin
15.2%
14.9%
14.2%
Interest expense
24.0
18.3
22.2
+31.1%
Pre-tax income
1,015
825
689
+23.0%
Income tax
334
258
210
+29.6%
Effective tax rate
32.9%
31.2%
30.4%
Net income
681
568
480
+20.0%
Net margin
9.9%
10.0%
9.6%
Diluted EPS
$7.13
$5.75
$4.73
+24.0%
$ 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
885
689
906
+28.5%
Capital expenditure
272
255
201
+6.7%
Free cash flow
613
434
705
+41.4%
Free cash flow margin
8.9%
7.7%
14.2%
Cash from investing
-249
-299
-504
Cash from financing
-408
-513
-306
Depreciation and amortisation
225
194
181
+16.0%
Share-based compensation
77.9
70.4
59.7
+10.7%
Buybacks
419
595
231
-29.5%
Dividends paid
74.0
38.5
24.7
+92.2%
Dividend per share
$0.80
$0.50
$0.30
+60.0%
Diluted shares, weighted
96m
99m
101m
-3.2%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,652
3,305
3,117
+10.5%
Short-term borrowings
n/a
0.0
n/a
Debt
274
292
282
-6.0%
Other liabilities
1,490
1,384
1,250
+7.6%
Total liabilities and equity
5,416
4,981
4,649
+8.7%
Fixed assets
884
789
697
+12.1%
Goodwill
1,004
1,016
987
-1.2%
Intangible assets
359
388
363
-7.4%
Investments
616
678
660
-9.1%
Cash and equivalents
672
453
563
+48.3%
Receivables
547
443
382
+23.6%
Inventory
842
702
504
+19.9%
Other assets
493
513
493
-3.8%
Total assets
5,416
4,981
4,649
+8.7%
10-K for the year ended 31 March 2012, filed 24 May 2012: the filing.