Teleflex (TFX) FY2012 results: revenue $1.6 billion, up 3.9% on the year
Teleflex Inc. (TFX) reported revenue of $1.6 billion for fiscal 2012, the year ended 31 December 2012, up 3.9% on the year before. Net income was -$190 million, and diluted earnings per share $-4.65. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2013.
Revenue
$1.6 billion
+3.9% on the year
FY2008FY2012
Operating margin
-6.3%
15.4% a year earlier
FY2008FY2012
Net income
-$190 million
FY2008FY2012
Diluted EPS
-$4.65
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
1,551
1,493
1,398
+3.9%
Cost of revenue
803
784
719
+2.4%
Gross profit
748
709
679
+5.6%
Gross margin
48.2%
47.5%
48.6%
Research and development
56.3
48.7
42.4
+15.5%
Selling, general and administrative
454
424
404
+7.2%
Operating income
-97.4
230
230
Operating margin
-6.3%
15.4%
16.5%
Interest expense
69.6
70.3
79.8
-1.1%
Pre-tax income
-165
145
105
Income tax
16.4
25.8
16.9
-36.3%
Effective tax rate
n/a
17.8%
16.2%
Net income
-190
323
201
Net margin
-12.3%
21.7%
14.4%
Diluted EPS
-$4.65
$7.92
$4.99
$ 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
187
94.5
213
+97.7%
Capital expenditure
65.4
44.6
29.3
+46.7%
Free cash flow
121
49.9
184
+143.4%
Free cash flow margin
7.8%
3.3%
13.1%
Cash from financing
n/a
n/a
-1.1
Depreciation and amortisation
94.9
96.5
89.7
-1.7%
Share-based compensation
8.6
4.5
8.5
+90.3%
Dividends paid
55.6
55.1
54.3
+0.8%
Dividend per share
$1.36
$1.36
$1.36
0.0%
Diluted shares, weighted
41m
41m
40m
+0.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,779
1,981
1,783
-10.2%
Non-controlling interest
2.6
2.2
3.9
+17.9%
Short-term borrowings
4.7
n/a
n/a
Debt
965
960
917
+0.6%
Other liabilities
988
982
939
+0.7%
Total liabilities and equity
3,739
3,924
3,643
-4.7%
Fixed assets
298
252
288
+18.3%
Goodwill
1,238
1,439
1,442
-13.9%
Intangible assets
1,059
880
919
+20.3%
Cash and equivalents
337
584
208
-42.3%
Receivables
298
286
294
+4.1%
Inventory
323
299
339
+8.2%
Other assets
186
185
153
+0.6%
Total assets
3,739
3,924
3,643
-4.7%
10-K for the year ended 31 December 2012, filed 22 February 2013: the filing.