Revvity (RVTY) FY2011 results: revenue $1.9 billion, up 12.7% on the year
Revvity, Inc. (RVTY) reported revenue of $1.9 billion for fiscal 2011, the year ended 1 January 2012, up 12.7% on the year before. Net income was $8 million, down 98.0%, and diluted earnings per share $0.07. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2012.
Revenue
$1.9 billion
+12.7% on the year
FY2008FY2011
Operating margin
4.7%
9.2% a year earlier
FY2008FY2011
Net income
$8 million
-98.0% on the year
FY2008FY2011
Diluted EPS
$0.07
-97.9% on the year
FY2008FY2011
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
1,921
1,704
1,551
+12.7%
Cost of revenue
1,071
946
852
+13.2%
Gross profit
848
761
699
+11.4%
Gross margin
44.1%
44.7%
45.1%
Research and development
116
94.8
90.5
+22.2%
Selling, general and administrative
624
487
477
+28.1%
Operating income
91.1
158
116
-42.2%
Operating margin
4.7%
9.2%
7.5%
Interest expense
24.8
15.9
16.0
+56.0%
Pre-tax income
64.4
166
100
-61.2%
Income tax
63.2
27.0
26.7
+133.6%
Effective tax rate
98.2%
16.3%
26.7%
Net income
7.7
391
82.1
-98.0%
Net margin
0.4%
22.9%
5.3%
Diluted EPS
$0.07
$3.31
$0.70
-97.9%
$ 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
225
164
149
+36.9%
Capital expenditure
30.6
33.6
25.5
-9.1%
Free cash flow
194
131
123
+48.8%
Free cash flow margin
10.1%
7.7%
7.9%
Cash from investing
-910
295
-154
Cash from financing
397
-218
2.4
Depreciation and amortisation
111
89.2
80.8
+24.4%
Share-based compensation
15.5
12.4
14.0
+24.7%
Buybacks
110
72.8
14.6
+51.2%
Dividends paid
31.8
33.0
32.7
-3.5%
Dividend per share
$0.28
$0.28
n/a
0.0%
Diluted shares, weighted
114m
118m
117m
-3.5%
Shares outstanding at period end
113m
116m
117m
-2.2%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
1,842
1,926
1,629
-4.3%
Debt
948
426
558
+122.4%
Other liabilities
1,065
857
872
+24.3%
Total liabilities and equity
3,856
3,209
3,059
+20.1%
Fixed assets
175
162
153
+7.9%
Goodwill
2,094
1,505
1,419
+39.1%
Intangible assets
662
424
443
+55.9%
Investments
1.1
1.4
2.3
-18.1%
Cash and equivalents
142
420
180
-66.1%
Receivables
410
357
320
+14.9%
Inventory
241
207
179
+16.4%
Other assets
132
133
363
-1.3%
Total assets
3,856
3,209
3,059
+20.1%
10-K for the year ended 1 January 2012, filed 28 February 2012: the filing.