Trimble (TRMB) FY2011 results: revenue $1.6 billion, up 27.1% on the year
Trimble Inc. (TRMB) reported revenue of $1.6 billion for fiscal 2011, the year ended 30 December 2011, up 27.1% on the year before. Net income was $151 million, up 45.4%, and diluted earnings per share $0.60. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2012.
Revenue
$1.6 billion
+27.1% on the year
FY2008FY2011
Operating margin
9.5%
9.9% a year earlier
FY2008FY2011
Net income
$151 million
+45.4% on the year
FY2008FY2011
Diluted EPS
$0.60
+42.9% on the year
FY2008FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
1,644
1,294
1,126
+27.1%
Cost of revenue
814
648
576
+25.6%
Gross profit
830
646
550
+28.5%
Gross margin
50.5%
49.9%
48.8%
Research and development
197
150
137
+31.3%
Operating income
156
128
85.8
+22.6%
Operating margin
9.5%
9.9%
7.6%
Interest expense
8.6
1.8
1.8
+393.2%
Pre-tax income
167
141
87.6
+18.7%
Income tax
18.5
37.5
23.7
-50.5%
Effective tax rate
11.1%
26.6%
27.0%
Net income
151
104
63.4
+45.4%
Net margin
9.2%
8.0%
5.6%
Diluted EPS
$0.60
$0.42
$0.26
+42.9%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
242
124
195
+94.8%
Capital expenditure
23.3
23.1
12.7
+0.6%
Free cash flow
218
101
182
+116.4%
Free cash flow margin
13.3%
7.8%
16.2%
Cash from investing
-774
-156
-83.9
Cash from financing
464
-20.2
16.1
Depreciation and amortisation
106
50.9
49.1
+108.9%
Share-based compensation
28.5
23.1
18.7
+23.0%
Buybacks
0.0
73.9
n/a
Diluted shares, weighted
252m
248m
244m
+1.9%
Shares outstanding at period end
247m
242m
241m
+2.3%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
1,569
1,366
1,260
+14.9%
Non-controlling interest
19.6
19.5
4.6
+0.3%
Debt
564
153
151
+268.5%
Other liabilities
499
328
337
+52.2%
Total liabilities and equity
2,652
1,867
1,753
+42.1%
Fixed assets
62.7
50.7
44.6
+23.7%
Goodwill
1,298
829
764
+56.6%
Intangible assets
477
205
203
+132.6%
Cash and equivalents
155
221
274
-30.0%
Receivables
275
223
202
+23.5%
Inventory
232
193
144
+20.3%
Other assets
153
146
122
+5.0%
Total assets
2,652
1,867
1,753
+42.1%
10-K for the year ended 30 December 2011, filed 28 February 2012: the filing.