Summary
Amphenol Corporation (APH) filed its Annual Report (10-K/A) for the fiscal year ended December 31, 2012. This filing is an amendment to correct a previously filed report by adding the electronic signature of its independent registered public accounting firm. The financial results themselves remain unchanged from the original filing. The company demonstrated robust financial performance, with net sales increasing to $4.29 billion in 2012 from $3.94 billion in 2011, and net income attributable to Amphenol Corporation growing to $555.3 million from $524.2 million. This growth was supported by strategic acquisitions and continued demand across its key markets, particularly in the Interconnect Products and Assemblies segment. Key financial metrics indicate a healthy operational performance, with operating income rising and a strong balance sheet. The company also continued its share repurchase program and dividend payments, signaling confidence in its financial position and commitment to shareholder returns. Management's assessment of internal controls over financial reporting was also affirmed.
Financial Highlights
54 data points| Revenue | $4.29B |
| Cost of Revenue | $2.95B |
| Gross Profit | $1.34B |
| R&D Expenses | $92.50M |
| SG&A Expenses | $512.90M |
| Operating Income | $828.30M |
| Interest Expense | $59.60M |
| Net Income | $555.30M |
| EPS (Basic) | $0.43 |
| EPS (Diluted) | $0.42 |
| Shares Outstanding (Basic) | 1.29B |
| Shares Outstanding (Diluted) | 1.31B |
Key Highlights
- 1Net sales grew by 8.9% year-over-year, reaching $4.29 billion in 2012.
- 2Net income attributable to Amphenol Corporation increased by 5.9% to $555.3 million in 2012.
- 3Operating income showed a healthy increase, reaching $828.3 million in 2012.
- 4The company repurchased approximately $380 million of its common stock in 2012.
- 5Total equity attributable to Amphenol Corporation increased to $2.43 billion as of December 31, 2012.
- 6Goodwill increased by $186.6 million due to acquisitions, reflecting strategic growth initiatives.
- 7The company maintained compliance with financial covenants under its Revolving Credit Facility.