Astec Industries (ASTE) FY2016 results: revenue $1.1 billion, up 16.7% on the year
Astec Industries Inc. (ASTE) reported revenue of $1.1 billion for fiscal 2016, the year ended 31 December 2016, up 16.7% on the year before. Net income was $55 million, up 68.2%, and diluted earnings per share $2.38. The figures are the company's own, from the 10-K it filed with the SEC on 18 March 2019.
Revenue
$1.1 billion
+16.7% on the year
FY2009FY2016
Operating margin
7.6%
5.1% a year earlier
FY2009FY2016
Net income
$55 million
+68.2% on the year
FY2009FY2016
Diluted EPS
$2.38
+67.6% 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
1,147
983
976
+16.7%
Cost of revenue
882
764
760
+15.4%
Gross profit
265
219
215
+21.2%
Gross margin
23.1%
22.3%
22.1%
Research and development
25.0
23.7
22.1
+5.5%
Operating income
87.2
50.0
51.7
+74.4%
Operating margin
7.6%
5.1%
5.3%
Interest expense
1.4
1.6
0.7
-13.4%
Pre-tax income
87.1
52.0
53.6
+67.6%
Income tax
32.1
20.0
19.4
+60.5%
Effective tax rate
36.9%
38.5%
36.2%
Net income
55.2
32.8
34.5
+68.2%
Net margin
4.8%
3.3%
3.5%
Diluted EPS
$2.38
$1.42
$1.49
+67.6%
$ 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
135
30.9
18.9
+336.7%
Capital expenditure
27.4
21.2
24.9
+29.1%
Free cash flow
107
9.7
-6.0
+1,011.7%
Free cash flow margin
9.4%
1.0%
-0.6%
Cash from investing
-66.2
-10.6
-42.8
Cash from financing
-11.0
-6.1
2.4
Depreciation and amortisation
24.8
24.1
24.4
+3.1%
Share-based compensation
2.9
1.2
1.2
+134.9%
Buybacks
0.0
n/a
n/a
Dividends paid
9.2
9.2
9.2
+0.3%
Dividend per share
$0.40
n/a
n/a
Diluted shares, weighted
23m
23m
23m
+0.1%
Shares outstanding at period end
23m
23m
23m
+0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
648
608
592
+6.5%
Non-controlling interest
1.0
1.8
4.2
-43.4%
Short-term borrowings
n/a
0.0
n/a
Debt
11.3
9.7
10.9
+16.6%
Other liabilities
183
158
195
+16.3%
Total liabilities and equity
844
777
802
+8.5%
Fixed assets
181
170
188
+6.1%
Goodwill
40.8
30.8
32.0
+32.3%
Intangible assets
26.6
13.6
17.3
+96.2%
Investments
15.0
13.1
13.3
+14.6%
Trading assets
15.0
13.1
13.3
+14.6%
Cash and equivalents
82.4
25.1
13.0
+228.7%
Receivables
107
98.9
106
+7.9%
Inventory
360
385
388
-6.3%
Other assets
16.2
27.9
32.2
-41.9%
Total assets
844
777
802
+8.5%
10-K for the year ended 31 December 2016, filed 18 March 2019: the filing.