Agilent Technologies (A) FY2017 results: revenue $4.5 billion, up 6.4% on the year
Agilent Technologies, Inc. (A) reported revenue of $4.5 billion for fiscal 2017, the year ended 31 October 2017, up 6.4% on the year before. Net income was $684 million, up 48.1%, and diluted earnings per share $2.10. The figures are the company's own, from the 10-K it filed with the SEC on 21 December 2017.
Revenue
$4.5 billion
+6.4% on the year
FY2010FY2017
Operating margin
18.0%
14.6% a year earlier
FY2010FY2017
Net income
$684 million
+48.1% on the year
FY2010FY2017
Diluted EPS
$2.10
+50.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
4,472
4,202
4,038
+6.4%
Cost of revenue
2,063
2,005
1,997
+2.9%
Gross profit
2,409
2,197
2,041
+9.6%
Gross margin
53.9%
52.3%
50.5%
Research and development
341
329
330
+3.6%
Selling, general and administrative
1,251
1,253
1,189
-0.2%
Operating income
807
615
522
+31.2%
Operating margin
18.0%
14.6%
12.9%
Interest expense
79.0
72.0
66.0
+9.7%
Pre-tax income
974
859
767
+13.4%
Income tax
119
82.0
42.0
+45.1%
Effective tax rate
12.2%
9.5%
5.5%
Net income
684
462
401
+48.1%
Net margin
15.3%
11.0%
9.9%
Diluted EPS
$2.10
$1.40
$1.20
+50.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
889
793
512
+12.1%
Capital expenditure
176
139
98.0
+26.6%
Free cash flow
713
654
414
+9.0%
Free cash flow margin
15.9%
15.6%
10.3%
Cash from investing
-304
-238
-400
Cash from financing
-202
-268
-1,089
Depreciation and amortisation
212
246
253
-13.8%
Share-based compensation
60.0
58.0
54.0
+3.4%
Buybacks
194
434
267
-55.3%
Dividends paid
170
150
133
+13.3%
Dividend per share
$0.53
$0.46
$0.40
+14.8%
Diluted shares, weighted
326m
329m
335m
-0.9%
Shares outstanding at period end
322m
614m
611m
-47.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,831
4,243
4,167
+13.9%
Non-controlling interest
4.0
3.0
3.0
+33.3%
Debt
2,011
1,904
1,655
+5.6%
Other liabilities
1,580
1,652
1,654
-4.4%
Total liabilities and equity
8,426
7,802
7,479
+8.0%
Fixed assets
757
639
604
+18.5%
Goodwill
2,607
2,517
2,366
+3.6%
Intangible assets
361
416
445
-13.2%
Investments
138
135
86.0
+2.2%
Cash and equivalents
2,678
2,289
2,003
+17.0%
Receivables
724
631
606
+14.7%
Inventory
575
533
541
+7.9%
Other assets
586
642
828
-8.7%
Total assets
8,426
7,802
7,479
+8.0%
10-K for the year ended 31 October 2017, filed 21 December 2017: the filing.