Allegion (ALLE) FY2017 results: revenue $2.4 billion, up 7.6% on the year
Allegion plc (ALLE) reported revenue of $2.4 billion for fiscal 2017, the year ended 31 December 2017, up 7.6% on the year before. Net income was $273 million, up 19.3%, and diluted earnings per share $2.85. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2018.
Revenue
$2.4 billion
+7.6% on the year
FY2012FY2017
Operating margin
20.5%
19.4% a year earlier
FY2012FY2017
Net income
$273 million
+19.3% on the year
FY2012FY2017
Diluted EPS
$2.85
+20.8% on the year
FY2012FY2017
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
2,408
2,238
2,068
+7.6%
Cost of revenue
1,338
1,248
1,199
+7.1%
Gross profit
1,071
990
869
+8.2%
Gross margin
44.5%
44.2%
42.0%
Research and development
48.3
47.3
45.2
+2.1%
Selling, general and administrative
580
555
510
+4.5%
Operating income
492
434
359
+13.4%
Operating margin
20.5%
19.4%
17.3%
Interest expense
106
64.3
52.9
+64.4%
Pre-tax income
396
295
209
+34.1%
Income tax
119
63.8
54.6
+86.5%
Effective tax rate
30.1%
21.6%
26.1%
Net income
273
229
154
+19.3%
Net margin
11.3%
10.2%
7.4%
Diluted EPS
$2.85
$2.36
$1.59
+20.8%
$ 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
347
378
257
-8.0%
Capital expenditure
49.3
42.5
35.2
+16.0%
Free cash flow
298
335
222
-11.1%
Free cash flow margin
12.4%
15.0%
10.7%
Cash from investing
-50.2
-64.0
-534
Cash from financing
-151
-196
n/a
Depreciation and amortisation
61.6
61.4
48.8
+0.3%
Share-based compensation
16.2
16.6
14.6
-2.4%
Buybacks
60.0
85.1
30.0
-29.5%
Dividends paid
60.9
46.0
38.3
+32.4%
Dividend per share
$0.64
$0.48
$0.12
+33.3%
Diluted shares, weighted
96m
97m
97m
-0.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
402
113
25.6
+254.5%
Non-controlling interest
3.9
3.1
4.1
+25.8%
Debt
1,477
1,464
1,523
+0.9%
Other liabilities
659
667
710
-1.2%
Total liabilities and equity
2,542
2,247
2,263
+13.1%
Fixed assets
252
227
225
+11.3%
Goodwill
761
717
714
+6.2%
Intangible assets
394
357
372
+10.3%
Cash and equivalents
466
312
200
+49.2%
Receivables
297
260
303
+14.1%
Inventory
240
221
204
+8.7%
Other assets
132
154
244
-14.3%
Total assets
2,542
2,247
2,263
+13.1%
10-K for the year ended 31 December 2017, filed 20 February 2018: the filing.