Amphenol (APH) FY2016 results: revenue $6.3 billion, up 12.9% on the year
Amphenol Corp. (APH) reported revenue of $6.3 billion for fiscal 2016, the year ended 31 December 2016, up 12.9% on the year before. Net income was $823 million, up 7.8%, and diluted earnings per share $0.33. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2019.
Revenue
$6.3 billion
+12.9% on the year
FY2009FY2016
Operating margin
19.2%
19.8% a year earlier
FY2009FY2016
Net income
$823 million
+7.8% on the year
FY2009FY2016
Diluted EPS
$0.33
+8.3% on the year
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
6,286
5,569
5,346
+12.9%
Cost of revenue
4,246
3,789
3,652
+12.1%
Gross profit
2,040
1,780
1,694
+14.6%
Gross margin
32.5%
32.0%
31.7%
Research and development
166
125
115
+33.2%
Selling, general and administrative
798
669
645
+19.3%
Operating income
1,205
1,105
1,035
+9.1%
Operating margin
19.2%
19.8%
19.4%
Interest expense
72.6
68.3
80.4
+6.3%
Pre-tax income
1,141
1,053
972
+8.4%
Income tax
308
280
257
+10.0%
Effective tax rate
27.0%
26.6%
26.5%
Net income
823
764
709
+7.8%
Net margin
13.1%
13.7%
13.3%
Diluted EPS
$0.33
$0.30
$0.28
+8.3%
$ 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
1,078
1,030
881
+4.6%
Capital expenditure
191
172
209
+10.9%
Free cash flow
887
858
672
+3.3%
Free cash flow margin
14.1%
15.4%
12.6%
Cash from investing
-1,613
-27.3
n/a
Cash from financing
-134
-180
n/a
Depreciation and amortisation
217
172
168
+26.5%
Share-based compensation
47.6
44.2
41.4
+7.7%
Buybacks
326
249
539
+30.9%
Dividends paid
173
159
102
+8.4%
Dividend per share
$0.07
$0.07
$0.06
+9.4%
Diluted shares, weighted
2,522m
2,532m
2,563m
-0.4%
Shares outstanding at period end
2,466m
2,464m
2,479m
+0.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,675
3,238
2,907
+13.5%
Non-controlling interest
48.2
39.9
30.5
+20.8%
Debt
3,011
2,814
2,656
+7.0%
Other liabilities
1,765
1,366
1,392
+29.2%
Total liabilities and equity
8,499
7,458
6,986
+13.9%
Fixed assets
711
610
591
+16.7%
Goodwill
3,679
2,693
2,617
+36.6%
Intangible assets
474
216
236
+119.2%
Investments
139
23.2
361
+497.4%
Cash and equivalents
1,035
1,737
969
-40.4%
Receivables
1,349
1,105
1,124
+22.2%
Inventory
929
852
866
+9.1%
Other assets
183
223
224
-18.0%
Total assets
8,499
7,458
6,986
+13.9%
10-K for the year ended 31 December 2016, filed 13 February 2019: the filing.