Aptiv (APTV) FY2016 results: revenue $12.3 billion, up 13.0% on the year
Aptiv plc (APTV) reported revenue of $12.3 billion for fiscal 2016, the year ended 31 December 2016, up 13.0% on the year before. Net income was $1.3 billion, down 13.3%, and diluted earnings per share $4.59. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2019.
Revenue
$12.3 billion
+13.0% on the year
FY2010FY2016
Operating margin
12.5%
11.4% a year earlier
FY2010FY2016
Net income
$1.3 billion
-13.3% on the year
FY2010FY2016
Diluted EPS
$4.59
-9.3% on the year
FY2010FY2016
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
12,274
10,864
15,499
+13.0%
Cost of revenue
9,527
8,691
12,471
+9.6%
Gross profit
2,747
2,173
3,028
+26.4%
Gross margin
22.4%
20.0%
19.5%
Research and development
800
700
1,200
+14.3%
Selling, general and administrative
924
803
1,036
+15.1%
Operating income
1,539
1,235
1,758
+24.6%
Operating margin
12.5%
11.4%
11.3%
Interest expense
155
124
135
+25.0%
Pre-tax income
1,000
997
1,615
+0.3%
Income tax
167
161
255
+3.7%
Effective tax rate
16.7%
16.1%
15.8%
Net income
1,257
1,450
1,351
-13.3%
Net margin
10.2%
13.3%
8.7%
Diluted EPS
$4.59
$5.06
$4.48
-9.3%
$ 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
1,941
1,703
2,135
+14.0%
Capital expenditure
657
503
779
+30.6%
Free cash flow
1,284
1,200
1,356
+7.0%
Free cash flow margin
10.5%
11.0%
8.7%
Cash from investing
-578
-1,699
-1,186
Cash from financing
-1,081
-284
-1,398
Depreciation and amortisation
489
344
540
+42.2%
Share-based compensation
62.0
67.0
73.0
-7.5%
Buybacks
634
1,159
1,024
-45.3%
Dividends paid
317
286
301
+10.8%
Dividend per share
$1.16
$1.00
$1.00
+16.0%
Diluted shares, weighted
274m
287m
302m
-4.5%
Shares outstanding at period end
270m
278m
292m
-3.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,401
2,250
2,510
+6.7%
Non-controlling interest
362
483
503
-25.1%
Debt
3,963
4,008
2,426
-1.1%
Other liabilities
5,566
5,232
5,282
+6.4%
Total liabilities and equity
12,292
11,973
10,721
+2.7%
Fixed assets
2,325
2,126
3,021
+9.4%
Goodwill
1,502
1,531
656
-1.9%
Intangible assets
1,148
1,383
728
-17.0%
Cash and equivalents
737
427
859
+72.6%
Receivables
2,130
2,750
2,400
-22.5%
Inventory
859
1,181
1,013
-27.3%
Other assets
3,591
2,575
2,044
+39.5%
Total assets
12,292
11,973
10,721
+2.7%
10-K for the year ended 31 December 2016, filed 4 February 2019: the filing.