Arcbest (ARCB) FY2017 results: revenue $2.8 billion, up 4.7% on the year
Arcbest Corp. (ARCB) reported revenue of $2.8 billion for fiscal 2017, the year ended 31 December 2017, up 4.7% on the year before. Net income was $60 million, up 220.2%, and diluted earnings per share $2.25. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$2.8 billion
+4.7% on the year
FY2008FY2017
Operating margin
2.2%
1.3% a year earlier
FY2008FY2017
Net income
$60 million
+220.2% on the year
FY2008FY2017
Diluted EPS
$2.25
+216.9% on the year
FY2008FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2010
On the year
Last 8 years
Revenue
2,826
2,700
1,658
+4.7%
Operating income
61.3
34.1
-54.5
+80.1%
Operating margin
2.2%
1.3%
-3.3%
Interest expense
n/a
n/a
2.9
Pre-tax income
51.6
28.3
-53.8
+82.3%
Income tax
-8.2
9.6
-21.4
Effective tax rate
-15.8%
34.1%
n/a
Net income
59.7
18.7
-32.7
+220.2%
Net margin
2.1%
0.7%
-2.0%
Diluted EPS
$2.25
$0.71
-$1.30
+216.9%
$ 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
FY2010
On the year
Last 8 years
Operating cash flow
152
112
26.3
+35.7%
Capital expenditure
65.8
68.3
11.4
-3.6%
Free cash flow
86.1
43.7
14.9
+97.2%
Free cash flow margin
3.0%
1.6%
0.9%
Cash from investing
-68.5
-87.2
44.7
Cash from financing
-77.9
-75.9
-7.7
Depreciation and amortisation
103
103
71.6
+0.0%
Share-based compensation
7.0
7.6
5.7
-8.3%
Buybacks
6.0
9.5
n/a
-36.7%
Dividends paid
8.3
8.3
3.1
-0.6%
Dividend per share
$0.32
$0.32
$0.12
0.0%
Diluted shares, weighted
26m
26m
25m
+0.6%
Balance sheet
$ million
FY2017
FY2016
FY2010
On the year
Last 8 years
Shareholders' equity
651
599
480
+8.8%
Debt
269
244
56.7
+10.4%
Other liabilities
445
440
325
+1.3%
Total liabilities and equity
1,366
1,282
861
+6.5%
Fixed assets
591
533
407
+11.0%
Goodwill
108
109
3.7
-0.5%
Intangible assets
73.5
80.5
n/a
-8.7%
Investments
56.4
56.8
39.3
-0.8%
Cash and equivalents
121
114
103
+5.7%
Receivables
279
261
145
+7.1%
Other assets
136
128
163
+6.3%
Total assets
1,366
1,282
861
+6.5%
10-K for the year ended 31 December 2017, filed 28 February 2019: the filing.