TransDigm Group (TDG) FY2012 results: revenue $1.7 billion, up 41.0% on the year
TransDigm Group Inc. (TDG) reported revenue of $1.7 billion for fiscal 2012, the year ended 30 September 2012, up 41.0% on the year before. Net income was $325 million, up 88.8%, and diluted earnings per share $5.97. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2012.
Revenue
$1.7 billion
+41.0% on the year
FY2008FY2012
Operating margin
41.2%
40.4% a year earlier
FY2008FY2012
Net income
$325 million
+88.8% on the year
FY2008FY2012
Diluted EPS
$5.97
+88.3% 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
1,700
1,206
828
+41.0%
Cost of revenue
754
545
355
+38.5%
Gross profit
946
661
473
+43.0%
Gross margin
55.6%
54.8%
57.2%
Research and development
27.9
19.3
13.9
+44.6%
Selling, general and administrative
202
134
94.9
+50.9%
Operating income
700
487
363
+43.7%
Operating margin
41.2%
40.4%
43.9%
Pre-tax income
488
229
251
+112.6%
Income tax
163
77.2
87.4
+111.0%
Effective tax rate
33.4%
33.6%
34.8%
Net income
325
172
163
+88.8%
Net margin
19.1%
14.3%
19.7%
Diluted EPS
$5.97
$3.17
$2.52
+88.3%
$ 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
414
260
197
+59.0%
Capital expenditure
25.2
18.0
12.9
+40.1%
Free cash flow
389
242
184
+60.4%
Free cash flow margin
22.9%
20.1%
22.3%
Cash from investing
-876
-1,397
-177
Cash from financing
527
1,279
23.2
-58.8%
Depreciation and amortisation
68.2
60.5
30.2
+12.8%
Share-based compensation
22.2
12.6
6.7
+76.2%
Buybacks
0.8
n/a
n/a
Dividends paid
3.3
2.8
405
+17.4%
Dividend per share
n/a
n/a
$7.65
Shares outstanding at period end
52m
51m
50m
+2.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,219
811
593
+50.3%
Debt
3,619
3,138
1,772
+15.3%
Other liabilities
622
564
313
+10.2%
Total liabilities and equity
5,460
4,514
2,678
+21.0%
Fixed assets
173
151
99.6
+14.5%
Goodwill
3,036
2,596
1,572
+16.9%
Intangible assets
656
483
213
+35.7%
Cash and equivalents
441
376
234
+17.1%
Receivables
236
189
134
+24.6%
Inventory
321
265
189
+20.8%
Other assets
599
453
236
+32.2%
Total assets
5,460
4,514
2,678
+21.0%
10-K for the year ended 30 September 2012, filed 16 November 2012: the filing.