Revvity (RVTY) FY2012 results: revenue $2.1 billion, up 9.6% on the year
Revvity, Inc. (RVTY) reported revenue of $2.1 billion for fiscal 2012, the year ended 30 December 2012, up 9.6% on the year before. Net income was $70 million, up 813.7%, and diluted earnings per share $0.61. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2013.
Revenue
$2.1 billion
+9.6% on the year
FY2008FY2012
Operating margin
4.9%
4.7% a year earlier
FY2008FY2012
Net income
$70 million
+813.7% on the year
FY2008FY2012
Diluted EPS
$0.61
+771.4% 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
2,105
1,921
1,704
+9.6%
Cost of revenue
1,144
1,071
946
+6.8%
Gross profit
962
848
761
+13.4%
Gross margin
45.7%
44.1%
44.7%
Research and development
132
116
94.8
+13.8%
Selling, general and administrative
627
624
487
+0.5%
Operating income
103
91.1
158
+13.2%
Operating margin
4.9%
4.7%
9.2%
Interest expense
45.8
24.8
15.9
+84.8%
Pre-tax income
55.2
64.4
166
-14.3%
Income tax
-16.1
63.2
27.0
Effective tax rate
-29.2%
98.2%
16.3%
Net income
69.9
7.7
391
+813.7%
Net margin
3.3%
0.4%
22.9%
Diluted EPS
$0.61
$0.07
$3.31
+771.4%
$ 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
152
225
164
-32.3%
Capital expenditure
42.4
30.6
33.6
+38.6%
Free cash flow
110
194
131
-43.5%
Free cash flow margin
5.2%
10.1%
7.7%
Cash from investing
-80.3
-910
295
Cash from financing
-44.2
397
-218
Depreciation and amortisation
125
111
89.2
+12.8%
Share-based compensation
20.6
15.5
12.4
+33.2%
Buybacks
2.1
110
72.8
-98.1%
Dividends paid
31.9
31.8
33.0
+0.2%
Dividend per share
$0.28
$0.28
$0.28
0.0%
Diluted shares, weighted
115m
114m
118m
+0.9%
Shares outstanding at period end
115m
113m
116m
+1.7%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,940
1,842
1,926
+5.3%
Debt
941
948
426
-0.8%
Other liabilities
1,021
1,065
857
-4.1%
Total liabilities and equity
3,902
3,856
3,209
+1.2%
Fixed assets
211
175
162
+20.6%
Goodwill
2,123
2,094
1,505
+1.4%
Intangible assets
530
662
424
-19.9%
Investments
1.1
1.1
1.4
+4.0%
Cash and equivalents
173
142
420
+21.7%
Receivables
457
410
357
+11.5%
Inventory
248
241
207
+2.9%
Other assets
159
132
133
+21.0%
Total assets
3,902
3,856
3,209
+1.2%
10-K for the year ended 30 December 2012, filed 26 February 2013: the filing.