Travelers Companies (TRV) FY2012 results: revenue $25.7 billion, up 1.2% on the year
Travelers Companies, Inc. (TRV) reported revenue of $25.7 billion for fiscal 2012, the year ended 31 December 2012, up 1.2% on the year before. Net income was $2.5 billion, up 73.6%, and diluted earnings per share $6.30. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2013.
Revenue
$25.7 billion
+1.2% on the year
FY2007FY2012
Operating margin
9.5%
5.5% a year earlier
FY2007FY2012
Net income
$2.5 billion
+73.6% on the year
FY2007FY2012
Diluted EPS
$6.30
+87.5% 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
25,740
25,446
25,112
+1.2%
Operating income
2,441
1,390
3,043
+75.6%
Operating margin
9.5%
5.5%
12.1%
Interest expense
378
386
388
-2.1%
Pre-tax income
3,166
1,352
4,306
+134.2%
Income tax
693
-74.0
1,090
Effective tax rate
21.9%
-5.5%
25.3%
Net income
2,454
1,414
3,188
+73.6%
Net margin
9.5%
5.6%
12.7%
Diluted EPS
$6.30
$3.36
$6.62
+87.5%
$ 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
3,230
2,169
3,054
+48.9%
Cash from investing
n/a
n/a
2,109
Cash from financing
n/a
n/a
-5,221
Share-based compensation
120
121
128
-0.8%
Dividends paid
694
665
673
+4.4%
Dividend per share
$1.79
n/a
n/a
Diluted shares, weighted
390m
420m
482m
-7.3%
Shares outstanding at period end
377m
393m
435m
-3.9%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
25,405
24,477
25,475
+3.8%
Debt
6,361
6,619
6,628
-3.9%
Other liabilities
73,172
73,506
73,553
-0.5%
Total liabilities and equity
104,938
104,602
105,656
+0.3%
Goodwill
3,365
3,365
3,365
0.0%
Intangible assets
381
433
502
-12.0%
Securities held for sale or to maturity
65,393
64,232
62,820
+1.8%
Cash and equivalents
330
214
200
+54.2%
Other assets
35,469
36,358
38,769
-2.4%
Total assets
104,938
104,602
105,656
+0.3%
10-K for the year ended 31 December 2012, filed 19 February 2013: the filing.