Allegion (ALLE) FY2016 results: revenue $2.2 billion, up 8.2% on the year
Allegion plc (ALLE) reported revenue of $2.2 billion for fiscal 2016, the year ended 31 December 2016, up 8.2% on the year before. Net income was $229 million, up 48.9%, and diluted earnings per share $2.36. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2018.
Revenue
$2.2 billion
+8.2% on the year
FY2012FY2016
Operating margin
19.4%
17.3% a year earlier
FY2012FY2016
Net income
$229 million
+48.9% on the year
FY2012FY2016
Diluted EPS
$2.36
+48.4% on the year
FY2012FY2016
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
2,238
2,068
2,118
+8.2%
Cost of revenue
1,248
1,199
1,265
+4.1%
Gross profit
990
869
854
+13.9%
Gross margin
44.2%
42.0%
40.3%
Research and development
47.3
45.2
43.3
+4.6%
Selling, general and administrative
555
510
527
+8.8%
Operating income
434
359
326
+21.1%
Operating margin
19.4%
17.3%
15.4%
Interest expense
64.3
52.9
53.8
+21.6%
Pre-tax income
295
209
268
+40.9%
Income tax
63.8
54.6
84.2
+16.8%
Effective tax rate
21.6%
26.1%
31.4%
Net income
229
154
175
+48.9%
Net margin
10.2%
7.4%
8.3%
Diluted EPS
$2.36
$1.59
$1.80
+48.4%
$ 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
378
257
256
+46.9%
Capital expenditure
42.5
35.2
51.5
+20.7%
Free cash flow
335
222
204
+51.0%
Free cash flow margin
15.0%
10.7%
9.6%
Cash from investing
-64.0
-534
-34.8
Cash from financing
-196
n/a
n/a
Depreciation and amortisation
61.4
48.8
44.2
+25.8%
Share-based compensation
16.6
14.6
13.1
+13.7%
Buybacks
85.1
30.0
50.3
+183.7%
Dividends paid
46.0
38.3
30.0
+20.1%
Dividend per share
$0.48
$0.12
$0.10
+300.0%
Diluted shares, weighted
97m
97m
97m
0.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
113
25.6
-4.8
+342.6%
Non-controlling interest
3.1
4.1
23.3
-24.4%
Debt
1,464
1,523
1,265
-3.9%
Other liabilities
667
710
733
-6.1%
Total liabilities and equity
2,247
2,263
2,016
-0.7%
Fixed assets
227
225
207
+0.8%
Goodwill
717
714
484
+0.4%
Intangible assets
357
372
125
-4.0%
Cash and equivalents
312
200
290
+56.4%
Receivables
260
303
230
-14.3%
Inventory
221
204
169
+8.1%
Other assets
154
244
509
-37.2%
Total assets
2,247
2,263
2,016
-0.7%
10-K for the year ended 31 December 2016, filed 20 February 2018: the filing.