Somnigroup International (SGI) FY2012 results: revenue $1.4 billion, down 1.1% on the year
Somnigroup International Inc. (SGI) reported revenue of $1.4 billion for fiscal 2012, the year ended 31 December 2012, down 1.1% on the year before. Net income was $107 million, down 51.4%, and diluted earnings per share $0.42. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2013.
Revenue
$1.4 billion
-1.1% on the year
FY2008FY2012
Operating margin
17.7%
24.0% a year earlier
FY2008FY2012
Net income
$107 million
-51.4% on the year
FY2008FY2012
Diluted EPS
$0.42
-46.5% 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
1,403
1,418
1,105
-1.1%
Cost of revenue
688
675
550
+2.0%
Gross profit
715
743
555
-3.8%
Gross margin
50.9%
52.4%
50.2%
Research and development
15.6
9.9
7.4
+57.5%
Operating income
248
341
246
-27.1%
Operating margin
17.7%
24.0%
22.2%
Interest expense
18.8
11.9
14.5
+58.0%
Pre-tax income
229
328
231
-30.2%
Income tax
122
109
73.7
+12.5%
Effective tax rate
53.4%
33.1%
31.9%
Net income
107
220
157
-51.4%
Net margin
7.6%
15.5%
14.2%
Diluted EPS
$0.42
$0.80
$0.54
-46.5%
$ 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
190
249
184
-23.6%
Capital expenditure
50.5
29.5
18.1
+71.4%
Free cash flow
139
219
166
-36.4%
Free cash flow margin
9.9%
15.5%
15.0%
Cash from investing
-55.0
-36.1
-37.5
Cash from financing
-70.8
-149
-106
Depreciation and amortisation
42.0
51.0
44.0
-17.6%
Share-based compensation
5.7
16.7
11.6
-65.9%
Dividends paid
0.0
0.0
0.0
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
252m
277m
291m
-9.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
22.3
30.8
126
-27.6%
Debt
1,025
585
407
+75.2%
Other liabilities
272
222
183
+22.4%
Total liabilities and equity
1,320
838
716
+57.4%
Fixed assets
186
161
160
+15.9%
Goodwill
216
213
212
+1.3%
Intangible assets
63.1
66.5
68.7
-5.1%
Cash and equivalents
179
111
53.6
+61.0%
Receivables
136
142
116
-4.3%
Inventory
93.0
91.2
69.9
+2.0%
Other assets
446
52.9
35.9
+741.8%
Total assets
1,320
838
716
+57.4%
10-K for the year ended 31 December 2012, filed 1 February 2013: the filing.