Agilent Technologies (A) FY2016 results: revenue $4.2 billion, up 4.1% on the year
Agilent Technologies, Inc. (A) reported revenue of $4.2 billion for fiscal 2016, the year ended 31 October 2016, up 4.1% on the year before. Net income was $462 million, up 15.2%, and diluted earnings per share $1.40. The figures are the company's own, from the 10-K it filed with the SEC on 20 December 2016.
Revenue
$4.2 billion
+4.1% on the year
FY2009FY2016
Operating margin
14.6%
12.9% a year earlier
FY2009FY2016
Net income
$462 million
+15.2% on the year
FY2009FY2016
Diluted EPS
$1.40
+16.7% on the year
FY2009FY2016
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Revenue
4,202
4,038
4,048
+4.1%
Cost of revenue
2,005
1,997
2,072
+0.4%
Gross profit
2,197
2,041
1,976
+7.6%
Gross margin
52.3%
50.5%
48.8%
Research and development
329
330
358
-0.3%
Selling, general and administrative
1,253
1,189
1,199
+5.4%
Operating income
615
522
419
+17.8%
Operating margin
14.6%
12.9%
10.4%
Interest expense
72.0
66.0
110
+9.1%
Pre-tax income
859
767
763
+12.0%
Income tax
82.0
42.0
-3.0
+95.2%
Effective tax rate
9.5%
5.5%
-0.4%
Net income
462
401
549
+15.2%
Net margin
11.0%
9.9%
13.6%
Diluted EPS
$1.40
$1.20
$1.62
+16.7%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
793
512
731
+54.9%
Capital expenditure
139
98.0
205
+41.8%
Free cash flow
654
414
526
+58.0%
Free cash flow margin
15.6%
10.3%
13.0%
Cash from investing
-238
-400
-230
Cash from financing
-268
-1,089
-117
Depreciation and amortisation
246
253
384
-2.8%
Share-based compensation
58.0
54.0
96.0
+7.4%
Buybacks
434
267
200
+62.5%
Dividends paid
150
133
176
+12.8%
Dividend per share
$0.46
$0.40
$0.53
+15.0%
Diluted shares, weighted
329m
335m
338m
-1.8%
Shares outstanding at period end
614m
611m
608m
+0.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,243
4,167
5,298
+1.8%
Non-controlling interest
3.0
3.0
3.0
0.0%
Debt
1,904
1,655
1,663
+15.0%
Other liabilities
1,652
1,654
3,867
-0.1%
Total liabilities and equity
7,802
7,479
10,831
+4.3%
Fixed assets
639
604
631
+5.8%
Goodwill
2,517
2,366
2,507
+6.4%
Intangible assets
416
445
649
-6.5%
Investments
135
86.0
96.0
+57.0%
Cash and equivalents
2,289
2,003
2,218
+14.3%
Receivables
631
606
626
+4.1%
Inventory
533
541
574
-1.5%
Other assets
642
828
3,530
-22.5%
Total assets
7,802
7,479
10,831
+4.3%
10-K for the year ended 31 October 2016, filed 20 December 2016: the filing.