01—Abstract
Summary
Summary of the 10-K/A filed August 7, 2014. Cited figures are marked; the original filing is the authoritative source.
Ecolab Inc. (ECL) filed an Amendment No. 1 to its 2012 Form 10-K on August 6, 2014.
The primary purpose of this amendment was to correct Exhibit 21.1, which is the List of Subsidiaries. The original filing contained an incorrect version of this exhibit, and this amendment provides the accurate list.
The company also included updated Section 302 certifications from its CEO and CFO as required. This filing does not introduce new financial data or reflect events occurring after the original filing date of February 26, 2013.
02—Key points
Key Highlights
- Amendment to 2012 Form 10-K filed on August 6, 2014, specifically Amendment No. 1.
- The amendment's sole purpose was to correct Exhibit 21.1, the List of Subsidiaries, which was originally filed incorrectly.
- Revised Exhibit 21.1 is included in this amendment, providing the accurate list of Ecolab's subsidiaries.
- Current Section 302 certifications from the CEO and CFO are included as exhibits.
- No other parts of the original Form 10-K were revised; this amendment does not update disclosures for events after February 26, 2013.
03—One dollar
Follow one dollar
Of each $1.00 of revenue in FY2012, Ecolab Inc. kept $0.06.
- Revenue$11.84B100.0%
- Cost of revenue−$6.39B53.9%
- Gross profit$5.45B46.1%
- Operating costs−$4.16B35.2%
- Operating income$1.29B10.9%
- Interest, other & tax−$585.7M4.9%
- Net income$703.6M5.9%
Where FY2012 revenue went
$11.84B- Cost of revenue: $6.39B, 54% of revenue
- SG&A: $4.02B, 34% of revenue
- Net income: $703.6M, 5.9% of revenue
- R&D: $183.0M, 1.5% of revenue
- Interest, other & tax: $585.7M, 4.9% of revenue
Kept 5.9% as net incomeNet income $703.6M · 5.9%
Full revenue history →04—Financials
Financial Highlights
Figures from 10-K/AFY2012filed August 7, 2014Financial Statements
FY2012 against FY2011
| Line item | FY2012FY2011 | Change |
|---|---|---|
| Revenue | $11.84B$6.80B | +74.1% |
| Cost of Revenue | $6.39B$3.48B | +83.7% |
| Gross Profit | $5.45B$3.32B | +64.1% |
| R&D Expenses | $183.00M$96.00M | +90.6% |
| SG&A Expenses | $4.02B$2.44B | +64.8% |
| Operating Income | $1.29B$753.80M | +71.0% |
| Interest Expense | $285.60M$82.10M | +247.9% |
| Net Income | $703.60M$463.30M | +51.9% |
| EPS (Basic) | $2.41$1.95 | +23.6% |
| EPS (Diluted) | $2.35$1.91 | +23.0% |
| Shares Outstanding (Basic) | 292.50M236.90M | +23.5% |
| Shares Outstanding (Diluted) | 298.90M242.10M | +23.5% |
05—Questions
Frequently Asked Questions
What is the main reason for this 10-K/A filing?
This filing is an amendment to Ecolab's 2012 Form 10-K primarily to correct an error in the List of Subsidiaries (Exhibit 21.1) that was included in the original filing.
Does this amendment contain updated financial results for 2013 or 2014?
No, this amendment specifically addresses an exhibit error from the 2012 filing and does not update financial results or disclose events that occurred after the original filing date of February 26, 2013.
What are the Section 302 certifications?
The Section 302 certifications are statements required by the Sarbanes-Oxley Act, where a company's principal executive and financial officers certify the accuracy and completeness of their financial reports.
Where can I find the corrected list of subsidiaries?
The corrected List of Subsidiaries is included as Exhibit 21.1 within this Amendment No. 1 to the 2012 Form 10-K.
06—Continue