Dentsply Sirona (XRAY) FY2012 results: revenue $2.9 billion, up 15.4% on the year
Dentsply Sirona Inc. (XRAY) reported revenue of $2.9 billion for fiscal 2012, the year ended 31 December 2012, up 15.4% on the year before. Net income was $314 million, up 28.5%, and diluted earnings per share $2.18. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2013.
Revenue
$2.9 billion
+15.4% on the year
FY2007FY2012
Operating margin
13.0%
11.9% a year earlier
FY2007FY2012
Net income
$314 million
+28.5% on the year
FY2007FY2012
Diluted EPS
$2.18
+28.2% 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
2,928
2,538
2,221
+15.4%
Cost of revenue
1,372
1,264
1,091
+8.5%
Gross profit
1,556
1,273
1,130
+22.2%
Gross margin
53.1%
50.2%
50.9%
Research and development
85.4
66.7
49.4
+28.0%
Selling, general and administrative
1,149
937
739
+22.6%
Operating income
382
301
380
+27.0%
Operating margin
13.0%
11.9%
17.1%
Interest expense
56.9
43.8
25.1
+29.8%
Pre-tax income
331
256
358
+29.1%
Income tax
8.9
11.0
89.2
-19.0%
Effective tax rate
2.7%
4.3%
24.9%
Net income
314
245
266
+28.5%
Net margin
10.7%
9.6%
12.0%
Diluted EPS
$2.18
$1.70
$1.82
+28.2%
$ 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
370
393
377
-6.0%
Capital expenditure
92.1
71.2
44.2
+29.3%
Free cash flow
278
322
333
-13.9%
Free cash flow margin
9.5%
12.7%
15.0%
Cash from investing
-115
-1,887
-164
Cash from financing
-256
1,002
-103
Depreciation and amortisation
129
85.0
65.9
+51.9%
Share-based compensation
22.2
20.9
18.8
+5.9%
Buybacks
38.8
79.5
224
-51.1%
Dividends paid
31.4
28.6
29.1
+9.8%
Dividend per share
$0.22
$0.20
$0.20
+7.3%
Diluted shares, weighted
144m
144m
146m
+0.3%
Shares outstanding at period end
142m
142m
142m
+0.5%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,209
1,848
1,839
+19.5%
Non-controlling interest
40.7
36.1
70.5
+12.9%
Debt
1,521
1,767
612
-13.9%
Other liabilities
1,202
1,105
736
+8.8%
Total liabilities and equity
4,972
4,755
3,258
+4.6%
Fixed assets
615
591
423
+3.9%
Goodwill
2,211
2,190
1,303
+1.0%
Intangible assets
831
791
78.7
+5.0%
Cash and equivalents
80.1
77.1
540
+3.9%
Inventory
403
362
309
+11.4%
Other assets
833
744
604
+12.0%
Total assets
4,972
4,755
3,258
+4.6%
10-K for the year ended 31 December 2012, filed 20 February 2013: the filing.