Summary
E.I. du Pont de Nemours and Company (DuPont) filed its 2012 10-K on February 7, 2013, reporting on its performance for the fiscal year ending December 30, 2012. The company, a global science and engineering leader founded in 1802, operates across diverse segments including Agriculture, Electronics & Communications, Industrial Biosciences, Nutrition & Health, Performance Chemicals, Performance Materials, and Safety & Protection. A significant event during the year was the definitive agreement to sell its Performance Coatings business for approximately $4.9 billion, with the transaction closing on February 1, 2013. This divestiture resulted in the segment's results being presented as discontinued operations. DuPont's strategy centers on leveraging science to address global challenges such as food security, reduced fossil fuel dependence, and safety and environmental protection. The company reported total net sales of $34.8 billion for 2012, a 3% increase driven by strong performance in Agriculture, Nutrition & Health, and Industrial Biosciences, partially offset by declines in other segments, notably Performance Chemicals. International sales represented approximately 60% of total net sales, with developing markets showing significant growth. The company emphasizes innovation through substantial research and development investment, with Agriculture being a major focus for R&D spending.
Financial Highlights
57 data points| Revenue | $34.81B |
| Cost of Revenue | $21.40B |
| Gross Profit | $13.41B |
| R&D Expenses | $2.12B |
| SG&A Expenses | $5.89B |
| Operating Expenses | $32.22B |
| Operating Income | $5.37B |
| Interest Expense | $464.00M |
| Net Income | $2.78B |
| EPS (Basic) | $2.94 |
| EPS (Diluted) | $2.91 |
| Shares Outstanding (Basic) | 933.27M |
| Shares Outstanding (Diluted) | 942.20M |
Key Highlights
- 1Total net sales for 2012 were $34.8 billion, an increase of 3% compared to 2011, driven by growth in Agriculture, Nutrition & Health, and Industrial Biosciences segments.
- 2The company entered into an agreement to sell its Performance Coatings business for approximately $4.9 billion, which was completed in early February 2013, with its results presented as discontinued operations.
- 3Agriculture, including DuPont Pioneer (seeds) and DuPont Crop Protection, accounted for approximately 50% of the company's total research and development expense in 2012.
- 4Pioneer brand seed sales represented 21% of consolidated net sales in 2012, highlighting the significance of the agriculture segment.
- 5Global sales reached $34.8 billion, with approximately 60% generated from customers outside the U.S. and a 6% increase in sales within developing markets.
- 6The company continued to invest heavily in R&D, with $2.07 billion spent in 2012, reflecting its commitment to innovation across its diverse business segments.
- 7DuPont maintained a strong commitment to shareholder returns, paying continuous quarterly dividends since 1904 and engaging in share repurchase programs.