Amphenol (APH) FY2017 results: revenue $7.0 billion, up 11.5% on the year
Amphenol Corp. (APH) reported revenue of $7.0 billion for fiscal 2017, the year ended 31 December 2017, up 11.5% on the year before. Net income was $650 million, down 21.0%, and diluted earnings per share $0.26. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2019.
Revenue
$7.0 billion
+11.5% on the year
FY2010FY2017
Operating margin
20.4%
19.2% a year earlier
FY2010FY2017
Net income
$650 million
-21.0% on the year
FY2010FY2017
Diluted EPS
$0.26
-21.1% 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
7,011
6,286
5,569
+11.5%
Cost of revenue
4,701
4,246
3,789
+10.7%
Gross profit
2,310
2,040
1,780
+13.2%
Gross margin
32.9%
32.5%
32.0%
Research and development
194
166
125
+16.6%
Selling, general and administrative
878
798
669
+10.0%
Operating income
1,428
1,205
1,105
+18.5%
Operating margin
20.4%
19.2%
19.8%
Interest expense
92.3
72.6
68.3
+27.1%
Pre-tax income
1,352
1,141
1,053
+18.5%
Income tax
692
308
280
+124.2%
Effective tax rate
51.1%
27.0%
26.6%
Net income
650
823
764
-21.0%
Net margin
9.3%
13.1%
13.7%
Diluted EPS
$0.26
$0.33
$0.30
-21.1%
$ 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
1,144
1,078
1,030
+6.2%
Capital expenditure
227
191
172
+18.8%
Free cash flow
918
887
858
+3.5%
Free cash flow margin
13.1%
14.1%
15.4%
Cash from investing
-380
-1,613
-27.3
Cash from financing
-140
-134
-180
Depreciation and amortisation
227
217
172
+4.5%
Share-based compensation
49.7
47.6
44.2
+4.4%
Buybacks
618
326
249
+89.7%
Dividends paid
205
173
159
+18.7%
Dividend per share
$0.09
$0.07
$0.07
+20.7%
Diluted shares, weighted
2,532m
2,522m
2,532m
+0.4%
Shares outstanding at period end
2,446m
2,466m
2,464m
-0.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,990
3,675
3,238
+8.6%
Non-controlling interest
53.6
48.2
39.9
+11.2%
Debt
3,543
3,011
2,814
+17.7%
Other liabilities
2,418
1,765
1,366
+37.0%
Total liabilities and equity
10,004
8,499
7,458
+17.7%
Fixed assets
817
711
610
+14.8%
Goodwill
4,043
3,679
2,693
+9.9%
Intangible assets
442
474
216
-6.9%
Investments
34.6
139
23.2
-75.0%
Cash and equivalents
1,719
1,035
1,737
+66.2%
Receivables
1,599
1,349
1,105
+18.5%
Inventory
1,107
929
852
+19.2%
Other assets
244
183
223
+33.4%
Total assets
10,004
8,499
7,458
+17.7%
10-K for the year ended 31 December 2017, filed 13 February 2019: the filing.