Silgan Holdings (SLGN) FY2012 results: revenue $3.6 billion, up 2.3% on the year
Silgan Holdings Inc. (SLGN) reported revenue of $3.6 billion for fiscal 2012, the year ended 31 December 2012, up 2.3% on the year before. Net income was $151 million, down 21.7%, and diluted earnings per share $1.08. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$3.6 billion
+2.3% on the year
FY2008FY2012
Operating margin
9.1%
10.1% a year earlier
FY2008FY2012
Net income
$151 million
-21.7% on the year
FY2008FY2012
Diluted EPS
$1.08
-21.1% 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
3,588
3,509
3,072
+2.3%
Cost of revenue
3,071
2,991
2,599
+2.7%
Gross profit
518
519
472
-0.2%
Gross margin
14.4%
14.8%
15.4%
Selling, general and administrative
183
157
167
+17.0%
Operating income
326
354
283
-8.1%
Operating margin
9.1%
10.1%
9.2%
Interest expense
63.0
63.0
54.1
+0.1%
Pre-tax income
224
290
222
-22.9%
Income tax
72.4
97.0
77.0
-25.3%
Effective tax rate
32.4%
33.4%
34.8%
Net income
151
193
145
-21.7%
Net margin
4.2%
5.5%
4.7%
Diluted EPS
$1.08
$1.38
$0.94
-21.1%
$ 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
360
187
-2.2%
Capital expenditure
119
173
105
-31.1%
Free cash flow
232
187
81.9
+24.6%
Free cash flow margin
6.5%
5.3%
2.7%
Cash from investing
-437
-460
-152
Cash from financing
154
322
-166
-52.3%
Depreciation and amortisation
165
159
143
+3.9%
Buybacks
34.1
15.8
248
+115.9%
Dividends paid
33.8
31.1
32.0
+8.6%
Dividend per share
$0.24
$0.22
$0.21
+9.1%
Diluted shares, weighted
140m
141m
153m
-0.7%
Shares outstanding at period end
138m
140m
140m
-1.0%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
754
658
554
+14.5%
Debt
1,671
1,376
905
+21.4%
Other liabilities
869
945
718
-8.1%
Total liabilities and equity
3,294
2,979
2,176
+10.6%
Fixed assets
1,099
1,065
850
+3.2%
Goodwill
511
390
325
+31.0%
Intangible assets
172
96.4
72.1
+78.3%
Cash and equivalents
466
397
175
+17.3%
Receivables
327
340
214
-3.9%
Inventory
516
554
439
-6.9%
Other assets
204
137
101
+48.9%
Total assets
3,294
2,979
2,176
+10.6%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.