ACI Worldwide (ACIW) FY2016 results: revenue $1.0 billion, down 3.9% on the year
ACI Worldwide, Inc. (ACIW) reported revenue of $1.0 billion for fiscal 2016, the year ended 31 December 2016, down 3.9% on the year before. Net income was $130 million, up 51.6%, and diluted earnings per share $1.09. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$1.0 billion
-3.9% on the year
FY2009FY2016
Operating margin
22.0%
12.2% a year earlier
FY2009FY2016
Net income
$130 million
+51.6% on the year
FY2009FY2016
Diluted EPS
$1.09
+51.4% 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
1,006
1,046
1,016
-3.9%
Cost of revenue
445
472
430
-5.8%
Gross profit
561
574
586
-2.2%
Gross margin
55.8%
54.8%
57.7%
Operating income
221
128
138
+72.8%
Operating margin
22.0%
12.2%
13.6%
Interest expense
40.2
41.4
39.7
-2.9%
Pre-tax income
186
113
98.8
+63.7%
Income tax
56.0
27.9
31.2
+100.6%
Effective tax rate
30.2%
24.6%
31.6%
Net income
130
85.4
67.6
+51.6%
Net margin
12.9%
8.2%
6.6%
Diluted EPS
$1.09
$0.72
$0.58
+51.4%
$ 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
99.8
n/a
n/a
Capital expenditure
40.8
27.3
17.6
+49.6%
Free cash flow
59.0
n/a
n/a
Free cash flow margin
5.9%
n/a
n/a
Cash from investing
130
n/a
n/a
Cash from financing
-251
n/a
n/a
Depreciation and amortisation
103
97.4
86.7
+6.2%
Share-based compensation
43.6
18.4
11.0
+137.3%
Buybacks
60.1
n/a
70.0
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
119m
119m
117m
-0.1%
Shares outstanding at period end
117m
119m
116m
-1.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
755
654
581
+15.4%
Debt
744
924
892
-19.5%
Other liabilities
403
397
377
+1.6%
Total liabilities and equity
1,902
1,976
1,851
-3.7%
Fixed assets
79.0
60.6
60.4
+30.2%
Goodwill
910
913
781
-0.4%
Intangible assets
204
257
261
-20.7%
Cash and equivalents
75.8
102
77.3
-25.9%
Receivables
268
219
227
+22.4%
Other assets
366
424
443
-13.6%
Total assets
1,902
1,976
1,851
-3.7%
10-K for the year ended 31 December 2016, filed 1 March 2019: the filing.