Allison Transmission Holdings (ALSN) FY2017 results: revenue $2.3 billion, up 22.9% on the year
Allison Transmission Holdings Inc. (ALSN) reported revenue of $2.3 billion for fiscal 2017, the year ended 31 December 2017, up 22.9% on the year before. Net income was $504 million, up 134.5%, and diluted earnings per share $3.36. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$2.3 billion
+22.9% on the year
FY2010FY2017
Operating margin
28.8%
24.5% a year earlier
FY2010FY2017
Net income
$504 million
+134.5% on the year
FY2010FY2017
Diluted EPS
$3.36
+164.6% on the year
FY2010FY2017
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
2,262
1,840
1,986
+22.9%
Cost of revenue
1,131
976
1,052
+15.9%
Gross profit
1,131
864
934
+30.9%
Gross margin
50.0%
47.0%
47.0%
Research and development
105
88.0
93.0
+19.3%
Selling, general and administrative
342
324
317
+5.6%
Operating income
652
452
429
+44.4%
Operating margin
28.8%
24.5%
21.6%
Pre-tax income
527
341
289
+54.4%
Income tax
23.0
126
107
-81.7%
Effective tax rate
4.4%
36.9%
37.0%
Net income
504
215
182
+134.5%
Net margin
22.3%
11.7%
9.2%
Diluted EPS
$3.36
$1.27
$1.03
+164.6%
$ 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
658
591
580
+11.3%
Capital expenditure
91.0
71.0
58.1
+28.2%
Free cash flow
567
520
522
+9.0%
Free cash flow margin
25.1%
28.3%
26.3%
Cash from investing
-94.0
-72.0
n/a
Cash from financing
-574
-564
n/a
Depreciation and amortisation
170
176
185
-3.4%
Share-based compensation
12.0
9.0
10.0
+33.3%
Buybacks
885
256
306
+245.4%
Dividends paid
89.0
100
106
-11.0%
Dividend per share
$0.60
$0.60
$0.60
0.0%
Diluted shares, weighted
150m
169m
177m
-11.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
689
1,080
1,189
-36.2%
Debt
2,576
2,188
2,403
+17.8%
Other liabilities
940
951
817
-1.1%
Total liabilities and equity
4,205
4,219
4,408
-0.3%
Fixed assets
448
464
480
-3.5%
Goodwill
1,941
1,941
1,941
0.0%
Intangible assets
1,153
1,242
1,335
-7.2%
Cash and equivalents
199
205
252
-2.8%
Receivables
221
197
195
+12.2%
Inventory
154
126
141
+22.2%
Other assets
89.0
43.5
64.9
+104.6%
Total assets
4,205
4,219
4,408
-0.3%
10-K for the year ended 31 December 2017, filed 26 February 2019: the filing.