Allison Transmission Holdings (ALSN) FY2016 results: revenue $1.8 billion, down 7.3% on the year
Allison Transmission Holdings Inc. (ALSN) reported revenue of $1.8 billion for fiscal 2016, the year ended 31 December 2016, down 7.3% on the year before. Net income was $215 million, up 17.9%, and diluted earnings per share $1.27. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$1.8 billion
-7.3% on the year
FY2010FY2016
Operating margin
24.5%
21.6% a year earlier
FY2010FY2016
Net income
$215 million
+17.9% on the year
FY2010FY2016
Diluted EPS
$1.27
+23.3% on the year
FY2010FY2016
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
1,840
1,986
2,127
-7.3%
Cost of revenue
976
1,052
1,152
-7.2%
Gross profit
864
934
976
-7.5%
Gross margin
47.0%
47.0%
45.9%
Research and development
88.0
93.0
104
-5.4%
Selling, general and administrative
324
317
345
+2.1%
Operating income
452
429
512
+5.3%
Operating margin
24.5%
21.6%
24.1%
Pre-tax income
341
289
368
+18.2%
Income tax
126
107
140
+17.8%
Effective tax rate
36.9%
37.0%
37.9%
Net income
215
182
229
+17.9%
Net margin
11.7%
9.2%
10.7%
Diluted EPS
$1.27
$1.03
$1.25
+23.3%
$ 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
591
580
n/a
+1.9%
Capital expenditure
71.0
58.1
64.1
+22.2%
Free cash flow
520
522
n/a
-0.4%
Free cash flow margin
28.3%
26.3%
n/a
Cash from investing
-72.0
n/a
n/a
Cash from financing
-564
n/a
n/a
Depreciation and amortisation
176
185
193
-4.9%
Share-based compensation
9.0
10.0
14.7
-10.0%
Buybacks
256
306
250
-16.2%
Dividends paid
100
106
91.6
-5.7%
Dividend per share
$0.60
$0.60
$0.51
0.0%
Diluted shares, weighted
169m
177m
182m
-4.7%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,080
1,189
1,398
-9.1%
Debt
2,188
2,403
2,520
-9.0%
Other liabilities
951
817
738
+16.4%
Total liabilities and equity
4,219
4,408
4,656
-4.3%
Fixed assets
464
480
515
-3.3%
Goodwill
1,941
1,941
1,941
0.0%
Intangible assets
1,242
1,335
1,512
-6.9%
Cash and equivalents
205
252
263
-18.6%
Receivables
197
195
207
+1.0%
Inventory
126
141
144
-10.9%
Other assets
43.5
64.9
74.7
-33.0%
Total assets
4,219
4,408
4,656
-4.3%
10-K for the year ended 31 December 2016, filed 26 February 2019: the filing.