Advanced Energy Industries (AEIS) FY2016 results: revenue $484 million, up 16.6% on the year
Advanced Energy Industries Inc. (AEIS) reported revenue of $484 million for fiscal 2016, the year ended 31 December 2016, up 16.6% on the year before. Net income was $127 million, and diluted earnings per share $3.18. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$484 million
+16.6% on the year
FY2009FY2016
Operating margin
26.2%
25.7% a year earlier
FY2009FY2016
Net income
$127 million
FY2009FY2016
Diluted EPS
$3.18
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
484
415
367
+16.6%
Cost of revenue
231
198
179
+16.5%
Gross profit
253
217
188
+16.7%
Gross margin
52.3%
52.3%
51.2%
Research and development
44.4
39.6
36.9
+12.4%
Selling, general and administrative
77.7
66.1
58.5
+17.5%
Operating income
127
107
86.1
+18.9%
Operating margin
26.2%
25.7%
23.4%
Pre-tax income
128
105
86.0
+21.5%
Income tax
11.1
22.0
16.5
-49.3%
Effective tax rate
8.7%
20.8%
19.2%
Net income
127
-158
47.0
Net margin
26.3%
-38.2%
12.8%
Diluted EPS
$3.18
-$3.89
$1.14
$ 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
119
105
77.2
+13.8%
Capital expenditure
6.8
4.0
3.4
+69.9%
Free cash flow
112
101
73.7
+11.6%
Free cash flow margin
23.3%
24.3%
20.1%
Cash from investing
0.3
-13.3
-55.0
Cash from financing
2.1
-45.5
-34.1
Depreciation and amortisation
7.8
8.8
10.5
-11.5%
Share-based compensation
6.3
2.8
3.7
+125.3%
Buybacks
0.0
50.0
25.0
Diluted shares, weighted
40m
41m
41m
-2.5%
Shares outstanding at period end
40m
40m
41m
-0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
392
264
475
+48.7%
Debt
0.0
0.0
0.0
Other liabilities
179
199
210
-9.9%
Total liabilities and equity
572
463
685
+23.5%
Fixed assets
13.3
9.6
9.8
+38.3%
Goodwill
42.1
42.7
43.9
-1.4%
Intangible assets
28.1
34.1
40.3
-17.8%
Cash and equivalents
282
158
121
+78.0%
Receivables
75.7
55.0
79.1
+37.7%
Inventory
55.8
52.6
46.1
+6.1%
Other assets
74.6
110
344
-32.3%
Total assets
572
463
685
+23.5%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.