Vulcan Materials (VMC) FY2012 results: revenue $2.6 billion, up 0.1% on the year
Vulcan Materials Co. (VMC) reported revenue of $2.6 billion for fiscal 2012, the year ended 31 December 2012, up 0.1% on the year before. Net income was -$53 million, and diluted earnings per share $-0.41. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2013.
Revenue
$2.6 billion
+0.1% on the year
FY2007FY2012
Operating margin
3.3%
2.5% a year earlier
FY2007FY2012
Net income
-$53 million
FY2007FY2012
Diluted EPS
-$0.41
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
2,567
2,565
2,559
+0.1%
Cost of revenue
2,233
2,281
2,258
-2.1%
Gross profit
334
284
301
+17.7%
Gross margin
13.0%
11.1%
11.8%
Research and development
0.0
1.1
1.6
Selling, general and administrative
259
290
328
-10.6%
Operating income
84.8
63.4
-14.5
+33.6%
Operating margin
3.3%
2.5%
-0.6%
Interest expense
213
221
182
-3.4%
Pre-tax income
-120
-154
-192
Income tax
-66.5
-78.5
-89.7
Net income
-52.6
-70.8
-96.5
Net margin
-2.0%
-2.8%
-3.8%
Diluted EPS
-$0.41
-$0.55
-$0.75
$ 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
238
169
203
+41.1%
Capital expenditure
93.4
98.9
86.3
-5.6%
Free cash flow
145
70.1
116
+106.9%
Free cash flow margin
5.7%
2.7%
4.5%
Cash from investing
10.4
-19.5
-88.4
Cash from financing
-129
-41.3
-89.1
Depreciation and amortisation
332
362
382
-8.2%
Share-based compensation
17.5
18.5
20.6
-5.3%
Dividends paid
5.2
98.2
128
-94.7%
Dividend per share
$0.04
$0.76
$1.00
-94.7%
Diluted shares, weighted
130m
129m
128m
+0.3%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
3,761
3,792
3,956
-0.8%
Short-term borrowings
0.0
0.0
n/a
Debt
2,677
2,815
2,718
-4.9%
Other liabilities
1,689
1,622
1,664
+4.1%
Total liabilities and equity
8,127
8,229
8,338
-1.2%
Fixed assets
3,159
3,418
3,633
-7.6%
Goodwill
3,087
3,087
3,097
0.0%
Intangible assets
693
698
692
-0.7%
Investments
n/a
n/a
0.0
Cash and equivalents
275
156
47.5
+76.8%
Receivables
278
299
261
-7.2%
Inventory
335
328
320
+2.2%
Other assets
300
244
288
+22.9%
Total assets
8,127
8,229
8,338
-1.2%
10-K for the year ended 31 December 2012, filed 28 February 2013: the filing.