Aaon (AAON) FY2016 results: revenue $384 million, up 7.1% on the year
Aaon, Inc. (AAON) reported revenue of $384 million for fiscal 2016, the year ended 31 December 2016, up 7.1% on the year before. Net income was $53 million, up 16.7%, and diluted earnings per share $0.67. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$384 million
+7.1% on the year
FY2009FY2016
Operating margin
20.7%
19.9% a year earlier
FY2009FY2016
Net income
$53 million
+16.7% on the year
FY2009FY2016
Diluted EPS
$0.67
+19.1% 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
384
359
356
+7.1%
Cost of revenue
266
250
248
+6.4%
Gross profit
118
109
108
+8.6%
Gross margin
30.8%
30.3%
30.4%
Research and development
12.0
7.5
6.3
+60.0%
Selling, general and administrative
38.5
37.4
40.6
+2.9%
Operating income
79.6
71.3
68.0
+11.6%
Operating margin
20.7%
19.9%
19.1%
Pre-tax income
80.0
71.3
68.2
+12.1%
Income tax
26.6
25.6
24.1
+3.9%
Effective tax rate
33.3%
35.9%
35.3%
Net income
53.4
45.7
44.2
+16.7%
Net margin
13.9%
12.8%
12.4%
Diluted EPS
$0.67
$0.56
$0.53
+19.1%
$ 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
63.9
n/a
n/a
Capital expenditure
26.6
21.0
16.1
+26.9%
Free cash flow
37.3
n/a
n/a
Free cash flow margin
9.7%
n/a
n/a
Depreciation and amortisation
13.0
n/a
n/a
Share-based compensation
4.4
2.9
2.2
+50.7%
Dividends paid
12.7
11.9
9.7
+6.7%
Dividend per share
$0.16
$0.15
$0.12
+9.1%
Diluted shares, weighted
80m
82m
83m
-1.9%
Shares outstanding at period end
79m
80m
81m
-0.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
208
179
174
+16.5%
Other liabilities
48.1
53.9
52.9
-10.8%
Total liabilities and equity
257
233
227
+10.2%
Fixed assets
115
101
91.9
+13.7%
Securities held for sale or to maturity
14.1
17.5
16.0
-19.4%
Cash and equivalents
24.2
7.9
22.0
+205.4%
Receivables
43.0
50.0
44.1
-14.0%
Inventory
47.4
38.5
37.6
+23.0%
Other assets
13.0
17.9
15.4
-27.0%
Total assets
257
233
227
+10.2%
10-K for the year ended 31 December 2016, filed 28 February 2019: the filing.