Atmos Energy (ATO) FY2017 results: revenue $2.8 billion, up 12.4% on the year
Atmos Energy Corp. (ATO) reported revenue of $2.8 billion for fiscal 2017, the year ended 30 September 2017, up 12.4% on the year before. Net income was $396 million, up 13.2%, and diluted earnings per share $3.73. The figures are the company's own, from the 10-K it filed with the SEC on 13 November 2018.
Revenue
$2.8 billion
+12.4% on the year
FY2010FY2017
Operating margin
26.7%
26.8% a year earlier
FY2010FY2017
Net income
$396 million
+13.2% on the year
FY2010FY2017
Diluted EPS
$3.73
+10.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
2,760
2,455
2,927
+12.4%
Gross profit
n/a
1,708
1,631
Gross margin
n/a
69.6%
55.7%
Operating income
736
657
612
+11.9%
Operating margin
26.7%
26.8%
20.9%
Interest expense
120
115
116
+4.7%
Pre-tax income
604
542
495
+11.4%
Income tax
221
197
190
+12.6%
Effective tax rate
36.6%
36.3%
38.3%
Net income
396
350
315
+13.2%
Net margin
14.4%
14.3%
10.8%
Diluted EPS
$3.73
$3.38
$3.09
+10.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
867
795
812
+9.1%
Capital expenditure
1,137
1,087
964
+4.6%
Free cash flow
-270
-292
-152
Free cash flow margin
-9.8%
-11.9%
-5.2%
Cash from investing
-1,056
-1,080
-957
Cash from financing
168
304
131
-44.6%
Depreciation and amortisation
320
293
275
+9.1%
Share-based compensation
14.1
14.8
16.0
-4.7%
Dividends paid
192
175
160
+9.6%
Dividend per share
$1.80
$1.68
$1.56
+7.1%
Diluted shares, weighted
106m
104m
102m
+2.5%
Shares outstanding at period end
106m
104m
101m
+2.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,899
3,463
3,195
+12.6%
Debt
3,515
3,269
2,895
+7.5%
Other liabilities
3,336
3,279
3,003
+1.7%
Total liabilities and equity
10,750
10,011
9,093
+7.4%
Goodwill
730
727
726
+0.4%
Cash and equivalents
26.4
47.5
28.7
-44.4%
Receivables
222
216
213
+3.0%
Other assets
9,771
9,021
8,125
+8.3%
Total assets
10,750
10,011
9,093
+7.4%
10-K for the year ended 30 September 2017, filed 13 November 2018: the filing.