Trimble (TRMB) FY2012 results: revenue $2.0 billion, up 24.1% on the year
Trimble Inc. (TRMB) reported revenue of $2.0 billion for fiscal 2012, the year ended 28 December 2012, up 24.1% on the year before. Net income was $191 million, up 26.7%, and diluted earnings per share $0.74. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2013.
Revenue
$2.0 billion
+24.1% on the year
FY2008FY2012
Operating margin
10.4%
9.5% a year earlier
FY2008FY2012
Net income
$191 million
+26.7% on the year
FY2008FY2012
Diluted EPS
$0.74
+24.2% 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
2,040
1,644
1,294
+24.1%
Cost of revenue
994
814
648
+22.0%
Gross profit
1,046
830
646
+26.1%
Gross margin
51.3%
50.5%
49.9%
Research and development
256
197
150
+30.2%
Operating income
213
156
128
+35.9%
Operating margin
10.4%
9.5%
9.9%
Interest expense
n/a
8.6
1.8
Pre-tax income
229
167
141
+37.0%
Income tax
39.7
18.5
37.5
+114.1%
Effective tax rate
17.3%
11.1%
26.6%
Net income
191
151
104
+26.7%
Net margin
9.4%
9.2%
8.0%
Diluted EPS
$0.74
$0.60
$0.42
+24.2%
$ 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
341
242
124
+41.0%
Capital expenditure
54.1
23.3
23.1
+132.3%
Free cash flow
287
218
101
+31.3%
Free cash flow margin
14.0%
13.3%
7.8%
Cash from investing
-764
-774
-156
Cash from financing
426
464
-20.2
-8.1%
Depreciation and amortisation
149
106
50.9
+40.4%
Share-based compensation
32.7
28.5
23.1
+14.8%
Buybacks
0.0
0.0
73.9
Diluted shares, weighted
257m
252m
248m
+1.8%
Shares outstanding at period end
254m
247m
242m
+2.9%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,897
1,569
1,366
+20.9%
Non-controlling interest
16.1
19.6
19.5
-18.1%
Debt
911
564
153
+61.4%
Other liabilities
644
499
328
+29.1%
Total liabilities and equity
3,469
2,652
1,867
+30.8%
Fixed assets
96.9
62.7
50.7
+54.5%
Goodwill
1,816
1,298
829
+39.9%
Intangible assets
644
477
205
+35.2%
Cash and equivalents
158
155
221
+2.0%
Receivables
323
275
223
+17.5%
Inventory
241
232
193
+3.6%
Other assets
190
153
146
+24.1%
Total assets
3,469
2,652
1,867
+30.8%
10-K for the year ended 28 December 2012, filed 25 February 2013: the filing.