Atmos Energy (ATO) FY2016 results: revenue $2.5 billion, down 16.1% on the year
Atmos Energy Corp. (ATO) reported revenue of $2.5 billion for fiscal 2016, the year ended 30 September 2016, down 16.1% on the year before. Net income was $350 million, up 11.1%, and diluted earnings per share $3.38. The figures are the company's own, from the 10-K it filed with the SEC on 13 November 2018.
Revenue
$2.5 billion
-16.1% on the year
FY2009FY2016
Operating margin
26.8%
20.9% a year earlier
FY2009FY2016
Net income
$350 million
+11.1% on the year
FY2009FY2016
Diluted EPS
$3.38
+9.4% 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
2,455
2,927
3,244
-16.1%
Gross profit
1,708
1,631
1,522
+4.7%
Gross margin
69.6%
55.7%
46.9%
Operating income
657
612
577
+7.3%
Operating margin
26.8%
20.9%
17.8%
Interest expense
115
116
129
-1.2%
Pre-tax income
542
495
445
+9.5%
Income tax
197
190
175
+3.7%
Effective tax rate
36.3%
38.3%
39.2%
Net income
350
315
290
+11.1%
Net margin
14.3%
10.8%
8.9%
Diluted EPS
$3.38
$3.09
$2.96
+9.4%
$ 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
795
812
733
-2.1%
Capital expenditure
1,087
964
824
+12.8%
Free cash flow
-292
-152
-91.6
Free cash flow margin
-11.9%
-5.2%
-2.8%
Cash from investing
-1,080
-957
-825
Cash from financing
304
131
68.2
+131.6%
Depreciation and amortisation
293
275
254
+6.7%
Share-based compensation
14.8
16.0
14.7
-7.6%
Dividends paid
175
160
146
+9.4%
Dividend per share
$1.68
$1.56
$1.48
+7.7%
Diluted shares, weighted
104m
102m
98m
+1.6%
Shares outstanding at period end
104m
101m
100m
+2.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,463
3,195
3,086
+8.4%
Debt
3,269
2,895
2,653
+12.9%
Other liabilities
3,279
3,003
2,856
+9.2%
Total liabilities and equity
10,011
9,093
8,595
+10.1%
Fixed assets
n/a
n/a
6,726
Goodwill
727
726
742
+0.1%
Cash and equivalents
47.5
28.7
42.3
+65.9%
Receivables
216
213
343
+1.2%
Other assets
9,021
8,125
741
+11.0%
Total assets
10,011
9,093
8,595
+10.1%
10-K for the year ended 30 September 2016, filed 13 November 2018: the filing.