Rockwell Automation (ROK) FY2011 results: revenue $6.0 billion, up 23.5% on the year
Rockwell Automation, Inc. (ROK) reported revenue of $6.0 billion for fiscal 2011, the year ended 30 September 2011, up 23.5% on the year before. Net income was $698 million, up 50.3%, and diluted earnings per share $4.80. The figures are the company's own, from the 10-K it filed with the SEC on 14 November 2011.
Revenue
$6.0 billion
+23.5% on the year
FY2007FY2011
Operating margin
n/a
FY2007FY2011
Net income
$698 million
+50.3% on the year
FY2007FY2011
Diluted EPS
$4.80
+49.1% on the year
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
6,000
4,857
4,332
+23.5%
Cost of revenue
3,610
2,921
2,763
+23.6%
Gross profit
2,390
1,936
1,570
+23.4%
Gross margin
39.8%
39.9%
36.2%
Research and development
244
199
170
+22.6%
Selling, general and administrative
1,461
1,323
1,228
+10.4%
Interest expense
59.5
60.5
60.9
-1.7%
Pre-tax income
868
544
274
+59.4%
Income tax
170
104
56.0
+64.3%
Effective tax rate
19.7%
19.1%
20.4%
Net income
698
464
221
+50.3%
Net margin
11.6%
9.6%
5.1%
Diluted EPS
$4.80
$3.22
$1.55
+49.1%
$ 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
640
493
526
+29.8%
Capital expenditure
120
99.4
98.0
+20.8%
Free cash flow
520
394
428
+32.0%
Free cash flow margin
8.7%
8.1%
9.9%
Depreciation and amortisation
131
127
134
+3.1%
Share-based compensation
39.5
36.3
27.8
+8.8%
Buybacks
299
119
53.5
+151.4%
Dividends paid
211
174
164
+21.5%
Dividend per share
$1.48
$1.22
$1.16
+20.9%
Diluted shares, weighted
145m
144m
142m
+0.8%
Shares outstanding at period end
142m
142m
142m
+0.1%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
1,748
1,460
1,316
+19.7%
Short-term borrowings
n/a
n/a
0.0
Debt
905
905
905
+0.0%
Other liabilities
2,632
2,383
2,085
+10.4%
Total liabilities and equity
5,285
4,748
4,306
+11.3%
Fixed assets
561
537
532
+4.6%
Goodwill
953
912
913
+4.4%
Intangible assets
218
217
231
+0.3%
Investments
0.0
n/a
n/a
Cash and equivalents
989
813
644
+21.6%
Receivables
1,063
859
726
+23.8%
Inventory
642
603
436
+6.4%
Other assets
859
806
823
+6.6%
Total assets
5,285
4,748
4,306
+11.3%
10-K for the year ended 30 September 2011, filed 14 November 2011: the filing.