Alkermes plc. (ALKS) FY2017 results: revenue $903 million, up 21.1% on the year
Alkermes plc. (ALKS) reported revenue of $903 million for fiscal 2017, the year ended 31 December 2017, up 21.1% on the year before. Net income was -$158 million, and diluted earnings per share $-1.03. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$903 million
+21.1% on the year
FY2013FY2017
Operating margin
-16.4%
-28.0% a year earlier
FY2013FY2017
Net income
-$158 million
FY2013FY2017
Diluted EPS
-$1.03
FY2013FY2017
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
903
746
628
+21.1%
Cost of revenue
155
132
139
+17.1%
Gross profit
749
614
489
+22.0%
Gross margin
82.9%
82.3%
77.9%
Research and development
413
387
344
+6.6%
Selling, general and administrative
422
374
312
+12.7%
Operating income
-148
-209
-224
Operating margin
-16.4%
-28.0%
-35.7%
Interest expense
12.0
14.9
13.2
-19.3%
Pre-tax income
-143
-214
-224
Income tax
14.7
-5.9
3.2
Net income
-158
-208
-227
Net margin
-17.5%
-28.0%
-36.2%
Diluted EPS
-$1.03
-$1.38
-$1.52
$ 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
19.2
-63.8
-40.4
Capital expenditure
51.3
43.7
52.9
+17.5%
Free cash flow
-32.1
-107
-93.2
Free cash flow margin
-3.6%
-14.4%
-14.8%
Cash from investing
-18.4
127
-43.5
Cash from financing
4.1
-58.2
40.9
Depreciation and amortisation
98.5
94.3
85.6
+4.5%
Share-based compensation
83.9
94.4
97.3
-11.1%
Diluted shares, weighted
n/a
n/a
149m
Shares outstanding at period end
154m
152m
151m
+1.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,203
1,209
1,314
-0.6%
Debt
281
284
350
-0.8%
Other liabilities
313
233
192
+34.2%
Total liabilities and equity
1,797
1,726
1,856
+4.1%
Fixed assets
285
265
255
+7.5%
Goodwill
92.9
92.9
92.9
0.0%
Intangible assets
256
318
379
-19.5%
Investments
399
433
618
-7.7%
Cash and equivalents
191
186
181
+2.6%
Receivables
234
191
155
+22.2%
Inventory
93.3
63.0
38.4
+48.1%
Other assets
246
177
136
+38.7%
Total assets
1,797
1,726
1,856
+4.1%
10-K for the year ended 31 December 2017, filed 15 February 2019: the filing.