Snap-on (SNA) FY2012 results: revenue $3.1 billion, up 4.1% on the year
Snap-on Inc. (SNA) reported revenue of $3.1 billion for fiscal 2012, the year ended 29 December 2012, up 4.1% on the year before. Net income was $306 million, up 10.8%, and diluted earnings per share $5.20. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2013.
Revenue
$3.1 billion
+4.1% on the year
FY2008FY2012
Operating margin
16.7%
16.0% a year earlier
FY2008FY2012
Net income
$306 million
+10.8% on the year
FY2008FY2012
Diluted EPS
$5.20
+10.4% 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
3,099
2,978
2,682
+4.1%
Cost of revenue
1,548
1,516
1,408
+2.1%
Research and development
44.8
41.2
38.1
+8.7%
Operating income
516
475
331
+8.7%
Operating margin
16.7%
16.0%
12.4%
Interest expense
55.8
61.2
54.8
-8.8%
Pre-tax income
460
413
277
+11.5%
Income tax
148
134
87.6
+10.8%
Effective tax rate
32.2%
32.4%
31.6%
Net income
306
276
186
+10.8%
Net margin
9.9%
9.3%
7.0%
Diluted EPS
$5.20
$4.71
$3.19
+10.4%
$ 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
329
128
140
+156.3%
Capital expenditure
79.4
61.2
51.1
+29.7%
Free cash flow
250
67.3
89.3
+271.3%
Free cash flow margin
8.1%
2.3%
3.3%
Cash from investing
-173
-220
-303
Cash from financing
-127
-294
34.8
Depreciation and amortisation
76.7
74.6
72.7
+2.8%
Share-based compensation
32.1
20.3
14.9
+58.1%
Buybacks
78.1
37.4
8.7
+108.8%
Dividends paid
81.5
76.7
71.3
+6.3%
Dividend per share
$1.40
$1.30
$1.22
+7.7%
Diluted shares, weighted
59m
59m
58m
+0.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,802
1,531
1,388
+17.7%
Non-controlling interest
16.9
16.4
15.9
+3.0%
Debt
976
984
1,171
-0.9%
Other liabilities
1,108
1,142
1,154
-3.0%
Total liabilities and equity
3,902
3,673
3,729
+6.2%
Fixed assets
375
353
344
+6.3%
Goodwill
807
796
798
+1.5%
Intangible assets
187
188
193
-0.6%
Cash and equivalents
214
186
572
+15.6%
Receivables
498
464
443
+7.4%
Inventory
404
386
329
+4.6%
Other assets
1,416
1,300
1,049
+8.9%
Total assets
3,902
3,673
3,729
+6.2%
10-K for the year ended 29 December 2012, filed 14 February 2013: the filing.