Regal Rexnord (RRX) FY2012 results: revenue $3.2 billion, up 12.8% on the year
Regal Rexnord Corp. (RRX) reported revenue of $3.2 billion for fiscal 2012, the year ended 29 December 2012, up 12.8% on the year before. Net income was $196 million, up 28.4%, and diluted earnings per share $4.64. The figures are the company's own, from the 10-K it filed with the SEC on 4 March 2015.
Revenue
$3.2 billion
+12.8% on the year
FY2008FY2012
Operating margin
9.9%
9.1% a year earlier
FY2008FY2012
Net income
$196 million
+28.4% on the year
FY2008FY2012
Diluted EPS
$4.64
+22.4% on the year
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
3,167
2,808
2,808
+12.8%
Cost of revenue
2,396
2,142
1,689
+11.8%
Gross profit
771
666
n/a
+15.8%
Gross margin
24.3%
23.7%
n/a
Research and development
28.5
21.8
10.4
+30.7%
Operating income
313
256
238
+22.3%
Operating margin
9.9%
9.1%
8.5%
Interest expense
44.5
31.1
19.6
+43.1%
Pre-tax income
270
226
221
+19.3%
Income tax
69.6
68.3
66.0
+1.9%
Effective tax rate
25.8%
30.2%
29.9%
Net income
196
152
149
+28.4%
Net margin
6.2%
5.4%
5.3%
Diluted EPS
$4.64
$3.79
$3.84
+22.4%
$ 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
352
265
175
+32.6%
Capital expenditure
91.0
57.6
57.6
+58.0%
Free cash flow
261
208
118
+25.5%
Free cash flow margin
8.2%
7.4%
4.2%
Cash from investing
-198
-752
-195
Cash from financing
77.1
456
-70.3
-83.1%
Depreciation and amortisation
126
98.2
72.9
+28.3%
Share-based compensation
9.0
14.3
6.7
-37.1%
Buybacks
0.0
n/a
n/a
Dividends paid
30.8
27.6
25.1
+11.6%
Dividend per share
$0.75
$0.71
$0.67
+5.6%
Diluted shares, weighted
42m
40m
39m
+5.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,953
1,536
1,397
+27.2%
Non-controlling interest
43.1
40.5
n/a
+6.5%
Debt
818
919
n/a
-11.0%
Other liabilities
754
771
n/a
-2.2%
Total liabilities and equity
3,569
3,267
n/a
+9.3%
Fixed assets
573
534
n/a
+7.3%
Goodwill
1,151
1,118
776
+3.0%
Intangible assets
293
316
n/a
-7.3%
Cash and equivalents
375
143
174
+163.1%
Receivables
446
424
n/a
+5.1%
Inventory
557
576
n/a
-3.3%
Other assets
174
156
1,499
+11.2%
Total assets
3,569
3,267
2,449
+9.3%
10-K for the year ended 29 December 2012, filed 4 March 2015: the filing.