A10 Networks (ATEN) FY2016 results: revenue $227 million, up 15.8% on the year
A10 Networks, Inc. (ATEN) reported revenue of $227 million for fiscal 2016, the year ended 31 December 2016, up 15.8% on the year before. Net income was -$22 million, and diluted earnings per share $-0.32. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$227 million
+15.8% on the year
FY2012FY2016
Operating margin
-9.0%
-20.5% a year earlier
FY2012FY2016
Net income
-$22 million
FY2012FY2016
Diluted EPS
-$0.32
FY2012FY2016
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
227
196
180
+15.8%
Cost of revenue
54.4
48.4
42.9
+12.4%
Gross profit
173
148
137
+16.9%
Gross margin
76.1%
75.3%
76.1%
Research and development
60.7
54.8
49.9
+10.7%
Operating income
-20.6
-40.3
-30.3
Operating margin
-9.0%
-20.5%
-16.9%
Interest expense
0.4
0.5
1.0
-16.7%
Pre-tax income
-21.6
-41.1
-33.2
Income tax
0.8
0.7
1.5
+1.3%
Net income
-22.4
-41.9
-34.7
Net margin
-9.9%
-21.3%
-19.3%
Diluted EPS
-$0.32
-$0.64
-$0.74
$ 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
18.8
3.4
-30.5
+453.8%
Capital expenditure
4.9
3.5
6.1
+40.1%
Free cash flow
13.9
-0.1
-36.6
Free cash flow margin
6.1%
-0.0%
-20.4%
Cash from investing
-96.4
-3.5
-6.1
Cash from financing
8.4
6.3
108
+33.9%
Depreciation and amortisation
8.3
8.6
10.0
-3.9%
Share-based compensation
16.9
16.9
12.4
+0.4%
Buybacks
1.8
0.0
0.0
Diluted shares, weighted
n/a
62m
49m
Shares outstanding at period end
68m
64m
61m
+5.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
82.8
78.2
96.6
+5.8%
Debt
0.0
0.0
0.0
Other liabilities
134
112
90.4
+20.0%
Total liabilities and equity
217
190
187
+14.1%
Fixed assets
8.2
8.9
10.8
-7.7%
Goodwill
1.3
0.1
0.1
+1,715.3%
Intangible assets
6.6
0.8
n/a
+734.3%
Investments
85.4
0.0
n/a
Cash and equivalents
29.0
98.1
91.9
-70.5%
Receivables
61.3
54.8
54.0
+11.9%
Inventory
15.8
18.7
20.7
-15.1%
Other assets
9.1
8.6
9.5
+5.8%
Total assets
217
190
187
+14.1%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.