Andersons (ANDE) FY2017 results: revenue $3.7 billion, down 6.1% on the year
Andersons, Inc. (ANDE) reported revenue of $3.7 billion for fiscal 2017, the year ended 31 December 2017, down 6.1% on the year before. Net income was $43 million, up 266.7%, and diluted earnings per share $1.50. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$3.7 billion
-6.1% on the year
FY2010FY2017
Operating margin
0.9%
0.7% a year earlier
FY2010FY2017
Net income
$43 million
+266.7% on the year
FY2010FY2017
Diluted EPS
$1.50
+265.9% 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
3,686
3,925
4,198
-6.1%
Cost of revenue
3,368
3,579
3,823
-5.9%
Gross profit
319
346
376
-7.7%
Gross margin
8.6%
8.8%
9.0%
Operating income
31.8
29.4
37.7
+8.1%
Operating margin
0.9%
0.7%
0.9%
Pre-tax income
-20.5
21.4
-11.6
Income tax
-63.1
6.9
-0.2
Effective tax rate
n/a
32.3%
n/a
Net income
42.5
11.6
-13.1
+266.7%
Net margin
1.2%
0.3%
-0.3%
Diluted EPS
$1.50
$0.41
-$0.46
+265.9%
$ 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
75.3
39.6
154
+90.2%
Capital expenditure
34.6
77.7
72.5
-55.5%
Free cash flow
40.7
-38.2
81.7
Free cash flow margin
1.1%
-1.0%
1.9%
Cash from investing
-113
-28.2
-238
Cash from financing
10.5
-12.5
33.4
Depreciation and amortisation
86.4
84.3
78.5
+2.5%
Share-based compensation
6.1
7.0
1.9
-12.7%
Buybacks
0.0
0.0
49.1
Dividends paid
18.2
17.4
15.9
+4.6%
Dividend per share
$0.65
$0.62
$0.57
+3.2%
Diluted shares, weighted
28m
28m
28m
-0.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
815
774
764
+5.3%
Non-controlling interest
7.7
16.3
19.5
-52.9%
Debt
495
474
481
+4.4%
Other liabilities
845
969
1,094
-12.8%
Total liabilities and equity
2,162
2,233
2,359
-3.2%
Fixed assets
385
450
455
-14.5%
Goodwill
6.0
63.9
63.9
-90.6%
Intangible assets
113
106
120
+6.4%
Cash and equivalents
34.9
62.6
63.8
-44.2%
Inventory
649
683
747
-5.0%
Other assets
975
867
909
+12.4%
Total assets
2,162
2,233
2,359
-3.2%
10-K for the year ended 31 December 2017, filed 27 February 2019: the filing.