Xylem (XYL) FY2012 results: revenue $3.8 billion, down 0.3% on the year
Xylem Inc. (XYL) reported revenue of $3.8 billion for fiscal 2012, the year ended 31 December 2012, down 0.3% on the year before. Net income was $297 million, up 6.5%, and diluted earnings per share $1.59. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2013.
Revenue
$3.8 billion
-0.3% on the year
FY2009FY2012
Operating margin
11.7%
10.4% a year earlier
FY2009FY2012
Net income
$297 million
+6.5% on the year
FY2009FY2012
Diluted EPS
$1.59
+6.0% on the year
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
3,791
3,803
3,202
-0.3%
Cost of revenue
2,289
2,342
1,988
-2.3%
Gross profit
1,502
1,461
1,214
+2.8%
Gross margin
39.6%
38.4%
37.9%
Research and development
106
100
74.0
+6.0%
Selling, general and administrative
914
877
737
+4.2%
Operating income
443
395
388
+12.2%
Operating margin
11.7%
10.4%
12.1%
Interest expense
55.0
17.0
0.0
+223.5%
Pre-tax income
388
383
388
+1.3%
Income tax
91.0
104
59.0
-12.5%
Effective tax rate
23.5%
27.2%
15.2%
Net income
297
279
329
+6.5%
Net margin
7.8%
7.3%
10.3%
Diluted EPS
$1.59
$1.50
$1.78
+6.0%
$ 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
396
449
395
-11.8%
Capital expenditure
112
126
94.0
-11.1%
Free cash flow
284
323
301
-12.1%
Free cash flow margin
7.5%
8.5%
9.4%
Cash from investing
-147
-423
-1,093
Cash from financing
-74.0
172
745
Depreciation and amortisation
142
137
92.0
+3.6%
Share-based compensation
22.0
13.0
9.0
+69.2%
Buybacks
13.0
0.0
0.0
Dividends paid
75.0
19.0
0.0
+294.7%
Dividend per share
$0.40
$0.10
n/a
+300.0%
Diluted shares, weighted
186m
185m
185m
+0.5%
Shares outstanding at period end
186m
185m
0
+0.6%
Balance sheet
$ million
FY2012
FY2011
FY2010
On the year
Last 8 years
Shareholders' equity
2,074
1,831
2,719
+13.3%
Debt
1,205
1,206
4.0
-0.1%
Other liabilities
1,400
1,356
1,012
+3.2%
Total liabilities and equity
4,679
4,393
3,735
+6.5%
Fixed assets
487
463
454
+5.2%
Goodwill
1,647
1,610
1,437
+2.3%
Intangible assets
484
505
416
-4.2%
Cash and equivalents
504
318
131
+58.5%
Receivables
776
756
690
+2.6%
Inventory
443
433
389
+2.3%
Other assets
338
308
218
+9.7%
Total assets
4,679
4,393
3,735
+6.5%
10-K for the year ended 31 December 2012, filed 25 February 2013: the filing.