Weyerhaeuser (WY) FY2011 results: revenue $6.2 billion, up 4.4% on the year
Weyerhaeuser Co. (WY) reported revenue of $6.2 billion for fiscal 2011, the year ended 31 December 2011, up 4.4% on the year before. Net income was $331 million, down 74.2%, and diluted earnings per share $0.61. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2014.
Revenue
$6.2 billion
+4.4% on the year
FY2007FY2011
Operating margin
9.6%
7.6% a year earlier
FY2007FY2011
Net income
$331 million
-74.2% on the year
FY2007FY2011
Diluted EPS
$0.61
-84.7% on the year
FY2007FY2011
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Revenue
6,216
5,954
5,068
+4.4%
Cost of revenue
5,120
4,831
4,661
+6.0%
Gross profit
1,096
1,123
407
-2.4%
Gross margin
17.6%
18.9%
8.0%
Research and development
30.0
34.0
51.0
-11.8%
Selling, general and administrative
601
650
681
-7.5%
Operating income
594
454
-379
+30.8%
Operating margin
9.6%
7.6%
-7.5%
Interest expense
384
452
462
-15.0%
Pre-tax income
257
82.0
-774
+213.4%
Income tax
-62.0
-1,192
-249
Effective tax rate
-24.1%
-1453.7%
n/a
Net income
331
1,281
-545
-74.2%
Net margin
5.3%
21.5%
-10.8%
Diluted EPS
$0.61
$3.99
-$2.58
-84.7%
$ 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
FY2011
FY2010
FY2009
On the year
Last 8 years
Operating cash flow
291
689
-203
-57.8%
Capital expenditure
212
194
187
+9.3%
Free cash flow
79.0
495
-390
-84.0%
Free cash flow margin
1.3%
8.3%
-7.7%
Cash from investing
122
164
276
-25.6%
Cash from financing
-927
-1,255
-498
Depreciation and amortisation
476
495
538
-3.8%
Share-based compensation
25.0
24.0
26.0
+4.2%
Buybacks
37.0
0.0
2.0
Dividends paid
323
608
127
-46.9%
Dividend per share
$0.60
$26.61
$0.60
-97.7%
Diluted shares, weighted
540m
321m
211m
+68.1%
Shares outstanding at period end
536m
536m
211m
+0.1%
Balance sheet
$ million
FY2011
FY2010
FY2009
On the year
Last 8 years
Shareholders' equity
4,263
4,612
4,044
-7.6%
Non-controlling interest
4.0
2.0
10.0
+100.0%
Other liabilities
8,367
8,850
11,196
-5.5%
Total liabilities and equity
12,634
13,464
15,250
-6.2%
Cash and equivalents
953
1,467
1,869
-35.0%
Inventory
476
n/a
447
Other assets
11,205
11,997
12,934
-6.6%
Total assets
12,634
13,464
15,250
-6.2%
10-K for the year ended 31 December 2011, filed 18 February 2014: the filing.