Silgan Holdings (SLGN) FY2011 results: revenue $3.5 billion, up 14.2% on the year
Silgan Holdings Inc. (SLGN) reported revenue of $3.5 billion for fiscal 2011, the year ended 31 December 2011, up 14.2% on the year before. Net income was $193 million, up 33.5%, and diluted earnings per share $1.38. The figures are the company's own, from the 10-K it filed with the SEC on 29 February 2012.
Revenue
$3.5 billion
+14.2% on the year
FY2008FY2011
Operating margin
10.1%
9.2% a year earlier
FY2008FY2011
Net income
$193 million
+33.5% on the year
FY2008FY2011
Diluted EPS
$1.38
+45.5% 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
3,509
3,072
3,067
+14.2%
Cost of revenue
2,991
2,599
2,606
+15.1%
Gross profit
519
472
461
+9.8%
Gross margin
14.8%
15.4%
15.0%
Selling, general and administrative
157
167
161
-6.1%
Operating income
354
283
299
+25.0%
Operating margin
10.1%
9.2%
9.7%
Interest expense
63.0
54.1
49.7
+16.4%
Pre-tax income
290
222
248
+30.9%
Income tax
97.0
77.0
88.2
+25.9%
Effective tax rate
33.4%
34.8%
35.6%
Net income
193
145
159
+33.5%
Net margin
5.5%
4.7%
5.2%
Diluted EPS
$1.38
$0.94
$1.03
+45.5%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
360
187
323
+92.0%
Capital expenditure
173
105
99.6
+64.2%
Free cash flow
187
81.9
223
+127.8%
Free cash flow margin
5.3%
2.7%
7.3%
Cash from investing
-460
-152
-96.7
Cash from financing
322
-166
-83.3
Depreciation and amortisation
159
143
145
+11.1%
Buybacks
15.8
248
1.1
-93.6%
Dividends paid
31.1
32.0
29.4
-2.7%
Dividend per share
$0.22
$0.21
$0.19
+4.8%
Diluted shares, weighted
141m
153m
154m
-8.0%
Shares outstanding at period end
140m
140m
77m
+0.0%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
658
554
686
+18.9%
Debt
1,376
905
799
+52.1%
Other liabilities
945
718
729
+31.6%
Total liabilities and equity
2,979
2,176
2,214
+36.9%
Fixed assets
1,065
850
882
+25.3%
Goodwill
390
325
304
+20.1%
Intangible assets
96.4
72.1
56.2
+33.8%
Cash and equivalents
397
175
306
+126.6%
Receivables
340
214
197
+58.5%
Inventory
554
439
387
+26.4%
Other assets
137
101
82.7
+35.1%
Total assets
2,979
2,176
2,214
+36.9%
10-K for the year ended 31 December 2011, filed 29 February 2012: the filing.