Viavi Solutions (VIAV) FY2012 results: revenue $1.7 billion, down 6.7% on the year
Viavi Solutions Inc. (VIAV) reported revenue of $1.7 billion for fiscal 2012, the year ended 30 June 2012, down 6.7% on the year before. Net income was -$56 million, and diluted earnings per share $-0.24. The figures are the company's own, from the 10-K it filed with the SEC on 24 August 2012.
Revenue
$1.7 billion
-6.7% on the year
FY2009FY2012
Operating margin
0.0%
4.1% a year earlier
FY2009FY2012
Net income
-$56 million
FY2009FY2012
Diluted EPS
-$0.24
FY2009FY2012
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
1,662
1,782
1,347
-6.7%
Cost of revenue
898
939
754
-4.4%
Gross profit
706
786
543
-10.2%
Gross margin
42.4%
44.1%
40.3%
Research and development
244
238
173
+2.5%
Selling, general and administrative
427
434
378
-1.7%
Operating income
0.4
72.5
-45.7
-99.4%
Operating margin
0.0%
4.1%
-3.4%
Interest expense
27.3
25.4
24.3
+7.5%
Pre-tax income
-14.1
52.7
-48.7
Income tax
12.0
-26.0
2.5
Effective tax rate
n/a
-49.3%
n/a
Net income
-55.6
71.6
-61.8
Net margin
-3.3%
4.0%
-4.6%
Diluted EPS
-$0.24
$0.31
-$0.28
$ 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
119
205
119
-42.0%
Capital expenditure
72.2
117
41.4
-38.1%
Free cash flow
46.9
88.6
77.8
-47.1%
Free cash flow margin
2.8%
5.0%
5.8%
Cash from investing
-106
-188
-65.4
Cash from financing
-1.9
31.1
1.0
Depreciation and amortisation
92.0
90.0
80.0
+2.2%
Share-based compensation
49.1
41.4
43.1
+18.6%
Diluted shares, weighted
230m
233m
219m
-1.1%
Shares outstanding at period end
232m
228m
221m
+1.8%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
1,039
1,065
909
-2.5%
Debt
293
286
267
+2.4%
Other liabilities
538
600
528
-10.3%
Total liabilities and equity
1,870
1,951
1,704
-4.2%
Fixed assets
253
249
183
+1.6%
Goodwill
68.7
67.4
66.0
+1.9%
Intangible assets
179
275
357
-35.1%
Investments
322
300
232
+7.2%
Cash and equivalents
401
395
340
+1.4%
Receivables
306
334
272
-8.4%
Inventory
174
171
126
+1.9%
Other assets
166
158
127
+4.9%
Total assets
1,870
1,951
1,704
-4.2%
10-K for the year ended 30 June 2012, filed 24 August 2012: the filing.