Tyson Foods (TSN) FY2012 results: revenue $33.1 billion, up 3.2% on the year
Tyson Foods, Inc. (TSN) reported revenue of $33.1 billion for fiscal 2012, the year ended 29 September 2012, up 3.2% on the year before. Net income was $583 million, down 22.3%, and diluted earnings per share $1.58. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2012.
Revenue
$33.1 billion
+3.2% on the year
FY2008FY2012
Operating margin
3.9%
4.0% a year earlier
FY2008FY2012
Net income
$583 million
-22.3% on the year
FY2008FY2012
Diluted EPS
$1.58
-19.8% 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
33,055
32,032
28,430
+3.2%
Cost of revenue
30,865
29,837
25,916
+3.4%
Gross profit
2,190
2,199
2,514
-0.4%
Gross margin
6.6%
6.9%
8.8%
Research and development
43.0
42.0
38.0
+2.4%
Selling, general and administrative
904
906
929
-0.2%
Operating income
1,286
1,289
1,556
-0.2%
Operating margin
3.9%
4.0%
5.5%
Pre-tax income
965
1,078
1,203
-10.5%
Income tax
351
340
438
+3.2%
Effective tax rate
36.4%
31.5%
36.4%
Net income
583
750
780
-22.3%
Net margin
1.8%
2.3%
2.7%
Diluted EPS
$1.58
$1.97
$2.06
-19.8%
$ 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
1,187
1,046
1,432
+13.5%
Capital expenditure
690
643
550
+7.3%
Free cash flow
497
403
882
+23.3%
Free cash flow margin
1.5%
1.3%
3.1%
Cash from investing
-660
-644
-500
Cash from financing
-171
-658
-959
Depreciation and amortisation
459
451
n/a
+1.8%
Buybacks
264
207
48.0
+27.5%
Dividends paid
57.0
59.0
59.0
-3.4%
Diluted shares, weighted
370m
380m
379m
-2.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
6,012
5,657
5,166
+6.3%
Non-controlling interest
30.0
28.0
35.0
+7.1%
Debt
2,432
2,182
2,135
+11.5%
Other liabilities
3,422
3,204
3,416
+6.8%
Total liabilities and equity
11,896
11,071
10,752
+7.5%
Fixed assets
4,022
3,823
3,674
+5.2%
Goodwill
1,891
1,892
1,893
-0.1%
Intangible assets
129
149
166
-13.4%
Cash and equivalents
1,071
716
978
+49.6%
Receivables
1,378
1,321
1,198
+4.3%
Inventory
2,809
2,587
2,274
+8.6%
Other assets
596
583
569
+2.2%
Total assets
11,896
11,071
10,752
+7.5%
10-K for the year ended 29 September 2012, filed 19 November 2012: the filing.