Weyerhaeuser (WY) FY2012 results: revenue $6.0 billion, down 3.7% on the year
Weyerhaeuser Co. (WY) reported revenue of $6.0 billion for fiscal 2012, the year ended 31 December 2012, down 3.7% on the year before. Net income was $385 million, up 16.3%, and diluted earnings per share $0.71. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2014.
Revenue
$6.0 billion
-3.7% on the year
FY2007FY2012
Operating margin
10.3%
9.6% a year earlier
FY2007FY2012
Net income
$385 million
+16.3% on the year
FY2007FY2012
Diluted EPS
$0.71
+16.4% on the year
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
5,989
6,216
5,954
-3.7%
Cost of revenue
4,993
5,120
4,831
-2.5%
Gross profit
996
1,096
1,123
-9.1%
Gross margin
16.6%
17.6%
18.9%
Research and development
32.0
30.0
34.0
+6.7%
Selling, general and administrative
n/a
601
650
Operating income
618
594
454
+4.0%
Operating margin
10.3%
9.6%
7.6%
Interest expense
344
384
452
-10.4%
Pre-tax income
322
257
82.0
+25.3%
Income tax
10.0
-62.0
-1,192
Effective tax rate
3.1%
-24.1%
-1453.7%
Net income
385
331
1,281
+16.3%
Net margin
6.4%
5.3%
21.5%
Diluted EPS
$0.71
$0.61
$3.99
+16.4%
$ 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
581
291
689
+99.7%
Capital expenditure
256
212
194
+20.8%
Free cash flow
325
79.0
495
+311.4%
Free cash flow margin
5.4%
1.3%
8.3%
Cash from investing
-192
122
164
Cash from financing
-444
-927
-1,255
Depreciation and amortisation
444
476
495
-6.7%
Share-based compensation
37.0
25.0
24.0
+48.0%
Buybacks
0.0
37.0
0.0
Dividends paid
334
323
608
+3.4%
Dividend per share
$0.62
$0.60
$26.61
+3.3%
Diluted shares, weighted
542m
540m
321m
+0.5%
Shares outstanding at period end
542m
536m
536m
+1.1%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
4,070
4,263
4,612
-4.5%
Non-controlling interest
43.0
4.0
2.0
+975.0%
Debt
4,963
n/a
n/a
Other liabilities
3,516
8,367
8,850
-58.0%
Total liabilities and equity
12,592
12,634
13,464
-0.3%
Fixed assets
2,872
n/a
n/a
Goodwill
40.0
n/a
n/a
Cash and equivalents
898
953
1,467
-5.8%
Receivables
523
n/a
n/a
Inventory
531
476
n/a
+11.6%
Other assets
7,728
11,205
11,997
-31.0%
Total assets
12,592
12,634
13,464
-0.3%
10-K for the year ended 31 December 2012, filed 18 February 2014: the filing.