Aaon (AAON) FY2017 results: revenue $405 million, up 5.5% on the year
Aaon, Inc. (AAON) reported revenue of $405 million for fiscal 2017, the year ended 31 December 2017, up 5.5% on the year before. Net income was $54 million, up 0.9%, 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
$405 million
+5.5% on the year
FY2010FY2017
Operating margin
18.3%
20.7% a year earlier
FY2010FY2017
Net income
$54 million
+0.9% on the year
FY2010FY2017
Diluted EPS
$0.67
+1.0% 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
405
384
359
+5.5%
Cost of revenue
282
266
250
+5.9%
Gross profit
124
118
109
+4.7%
Gross margin
30.5%
30.8%
30.3%
Research and development
13.0
12.0
7.5
+8.3%
Selling, general and administrative
49.4
38.5
37.4
+28.2%
Operating income
74.1
79.6
71.3
-6.9%
Operating margin
18.3%
20.7%
19.9%
Pre-tax income
74.5
80.0
71.3
-6.9%
Income tax
20.8
26.6
25.6
-21.9%
Effective tax rate
27.9%
33.3%
35.9%
Net income
53.8
53.4
45.7
+0.9%
Net margin
13.3%
13.9%
12.8%
Diluted EPS
$0.67
$0.67
$0.56
+1.0%
$ 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
58.0
63.9
n/a
-9.3%
Capital expenditure
41.7
26.6
21.0
+56.8%
Free cash flow
16.3
37.3
n/a
-56.4%
Free cash flow margin
4.0%
9.7%
n/a
Cash from investing
-31.1
n/a
n/a
Cash from financing
-29.6
n/a
n/a
Depreciation and amortisation
15.0
13.0
n/a
+15.1%
Share-based compensation
6.3
4.4
2.9
+44.9%
Dividends paid
13.7
12.7
11.9
+7.9%
Dividend per share
$0.17
$0.16
$0.15
+8.3%
Diluted shares, weighted
80m
80m
82m
-0.7%
Shares outstanding at period end
79m
79m
80m
-0.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
239
208
179
+14.6%
Other liabilities
57.9
48.1
53.9
+20.2%
Total liabilities and equity
297
257
233
+15.7%
Fixed assets
142
115
101
+23.9%
Goodwill
0.0
n/a
n/a
Intangible assets
0.0
n/a
n/a
Securities held for sale or to maturity
6.1
14.1
17.5
-56.8%
Cash and equivalents
21.5
24.2
7.9
-11.2%
Receivables
50.3
43.0
50.0
+17.1%
Inventory
70.8
47.4
38.5
+49.5%
Other assets
5.7
13.0
17.9
-56.0%
Total assets
297
257
233
+15.7%
10-K for the year ended 31 December 2017, filed 28 February 2019: the filing.