Andersons (ANDE) FY2016 results: revenue $3.9 billion, down 6.5% on the year
Andersons, Inc. (ANDE) reported revenue of $3.9 billion for fiscal 2016, the year ended 31 December 2016, down 6.5% on the year before. Net income was $12 million, and diluted earnings per share $0.41. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$3.9 billion
-6.5% on the year
FY2009FY2016
Operating margin
0.7%
0.9% a year earlier
FY2009FY2016
Net income
$12 million
FY2009FY2016
Diluted EPS
$0.41
FY2009FY2016
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
3,925
4,198
4,540
-6.5%
Cost of revenue
3,579
3,823
4,143
-6.4%
Gross profit
346
376
397
-8.1%
Gross margin
8.8%
9.0%
8.7%
Operating income
29.4
37.7
81.3
-22.0%
Operating margin
0.7%
0.9%
1.8%
Pre-tax income
21.4
-11.6
184
Income tax
6.9
-0.2
61.5
Effective tax rate
32.3%
n/a
33.4%
Net income
11.6
-13.1
110
Net margin
0.3%
-0.3%
2.4%
Diluted EPS
$0.41
-$0.46
$3.84
$ 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
39.6
154
-10.1
-74.3%
Capital expenditure
77.7
72.5
59.7
+7.3%
Free cash flow
-38.2
81.7
-69.7
Free cash flow margin
-1.0%
1.9%
-1.5%
Cash from investing
-28.2
-238
-89.7
Cash from financing
-12.5
33.4
-94.6
Depreciation and amortisation
84.3
78.5
62.0
+7.5%
Share-based compensation
7.0
1.9
8.6
+267.9%
Buybacks
0.0
49.1
0.0
Dividends paid
17.4
15.9
12.5
+9.1%
Dividend per share
$0.62
$0.57
$0.47
+8.7%
Diluted shares, weighted
28m
28m
28m
+0.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
774
764
803
+1.3%
Non-controlling interest
16.3
19.5
20.9
-16.2%
Debt
474
481
377
-1.5%
Other liabilities
969
1,094
1,163
-11.5%
Total liabilities and equity
2,233
2,359
2,365
-5.4%
Fixed assets
450
455
411
-1.1%
Goodwill
63.9
63.9
72.4
0.0%
Intangible assets
106
120
66.5
-11.8%
Cash and equivalents
62.6
63.8
115
-1.8%
Inventory
683
747
796
-8.7%
Other assets
867
909
904
-4.5%
Total assets
2,233
2,359
2,365
-5.4%
10-K for the year ended 31 December 2016, filed 27 February 2019: the filing.