Truist Financial (TFC) FY2012 results: revenue $9.7 billion, up 12.3% on the year
Truist Financial Corp. (TFC) reported revenue of $9.7 billion for fiscal 2012, the year ended 31 December 2012, up 12.3% on the year before. Net income was $1.9 billion, up 48.6%, and diluted earnings per share $2.70. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2013.
Revenue
$9.7 billion
+12.3% on the year
FY2007FY2012
Operating margin
n/a
FY2007FY2012
Net income
$1.9 billion
+48.6% on the year
FY2007FY2012
Diluted EPS
$2.70
+47.5% on the year
FY2007FY2012
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
9,677
8,620
9,277
+12.3%
Interest expense
1,060
1,378
1,795
-23.1%
Pre-tax income
2,792
1,628
969
+71.5%
Income tax
764
296
115
+158.1%
Effective tax rate
27.4%
18.2%
11.9%
Net income
1,916
1,289
816
+48.6%
Net margin
19.8%
15.0%
8.8%
Diluted EPS
$2.70
$1.83
$1.16
+47.5%
$ 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
3,714
4,276
2,898
-13.1%
Capital expenditure
145
224
428
-35.3%
Free cash flow
3,569
4,052
2,470
-11.9%
Cash from investing
-7,047
-18,007
5,979
Cash from financing
2,796
15,220
-9,141
-81.6%
Share-based compensation
97.0
98.0
79.0
-1.0%
Dividends paid
531
446
415
+19.1%
Dividend per share
$0.80
$0.65
$0.60
+23.1%
Diluted shares, weighted
709m
705m
701m
+0.5%
Shares outstanding at period end
700m
697m
694m
+0.4%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
21,223
17,480
16,498
+21.4%
Deposits
133,075
124,939
107,213
+6.5%
Debt
21,978
25,369
27,403
-13.4%
Other liabilities
8,223
6,791
5,967
+21.1%
Total liabilities and equity
184,499
174,579
157,081
+5.7%
Fixed assets
1,888
1,855
1,840
+1.8%
Goodwill
6,804
6,078
6,008
+11.9%
Intangible assets
673
444
508
+51.6%
Securities held for sale or to maturity
13,594
36,407
0.0
-62.7%
Loans
112,585
105,213
100,859
+7.0%
Resale agreements
122
136
327
-10.3%
Trading assets
497
534
633
-6.9%
Cash and equivalents
3,039
3,576
2,087
-15.0%
Other assets
45,297
20,336
44,819
+122.7%
Total assets
184,499
174,579
157,081
+5.7%
10-K for the year ended 31 December 2012, filed 1 March 2013: the filing.