United Airlines Holdings (UAL) FY2012 results: revenue $37.2 billion, up 0.1% on the year
United Airlines Holdings, Inc. (UAL) reported revenue of $37.2 billion for fiscal 2012, the year ended 31 December 2012, up 0.1% on the year before. Net income was -$723 million, and diluted earnings per share $-2.18. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2013.
Revenue
$37.2 billion
+0.1% on the year
FY2008FY2012
Operating margin
0.1%
4.9% a year earlier
FY2008FY2012
Net income
-$723 million
FY2008FY2012
Diluted EPS
-$2.18
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
37,152
37,110
23,325
+0.1%
Operating income
39.0
1,822
976
-97.9%
Operating margin
0.1%
4.9%
4.2%
Interest expense
835
949
798
-12.0%
Pre-tax income
-724
845
253
Income tax
-1.0
5.0
n/a
Effective tax rate
n/a
0.6%
n/a
Net income
-723
840
253
Net margin
-1.9%
2.3%
1.1%
Diluted EPS
-$2.18
$2.26
$1.08
$ 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
935
2,408
1,907
-61.2%
Capital expenditure
2,016
840
416
+140.0%
Free cash flow
-1,081
1,568
1,491
Free cash flow margin
-2.9%
4.2%
6.4%
Cash from investing
-1,957
-1,799
3,320
Cash from financing
-454
-2,432
-200
Depreciation and amortisation
1,522
1,547
1,079
-1.6%
Share-based compensation
14.0
17.0
14.0
-17.6%
Buybacks
4.0
n/a
3.0
Diluted shares, weighted
331m
383m
253m
-13.6%
Shares outstanding at period end
332m
331m
328m
+0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
481
1,806
1,727
-73.4%
Debt
12,404
11,907
13,845
+4.2%
Other liabilities
24,743
24,275
24,026
+1.9%
Total liabilities and equity
37,628
37,988
39,598
-0.9%
Fixed assets
17,292
16,419
16,945
+5.3%
Goodwill
4,523
4,523
4,523
0.0%
Intangible assets
4,597
4,750
4,917
-3.2%
Investments
1,773
1,516
714
+17.0%
Cash and equivalents
4,770
6,246
8,069
-23.6%
Receivables
1,338
1,358
1,613
-1.5%
Other assets
3,335
3,176
2,817
+5.0%
Total assets
37,628
37,988
39,598
-0.9%
10-K for the year ended 31 December 2012, filed 25 February 2013: the filing.