Ball (BALL) FY2016 results: revenue $9.1 billion, up 13.3% on the year
Ball Corp. (BALL) reported revenue of $9.1 billion for fiscal 2016, the year ended 31 December 2016, up 13.3% on the year before. Net income was $263 million, down 6.4%, and diluted earnings per share $0.81. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2017.
Revenue
$9.1 billion
+13.3% on the year
FY2009FY2016
Operating margin
5.1%
7.6% a year earlier
FY2009FY2016
Net income
$263 million
-6.4% on the year
FY2009FY2016
Diluted EPS
$0.81
-18.1% 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
9,061
7,997
8,570
+13.3%
Gross profit
1,420
1,295
1,434
+9.7%
Gross margin
15.7%
16.2%
16.7%
Research and development
28.0
26.0
27.0
+7.7%
Selling, general and administrative
512
450
466
+13.8%
Operating income
463
605
839
-23.5%
Operating margin
5.1%
7.6%
9.8%
Interest expense
229
260
193
-11.8%
Pre-tax income
125
346
646
-63.8%
Income tax
-126
47.0
150
Effective tax rate
-100.8%
13.6%
23.2%
Net income
263
281
470
-6.4%
Net margin
2.9%
3.5%
5.5%
Diluted EPS
$0.81
$0.99
$1.65
-18.1%
$ 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
193
1,007
1,012
-80.8%
Capital expenditure
606
528
391
+14.8%
Free cash flow
-413
479
622
Free cash flow margin
-4.6%
6.0%
7.3%
Cash from investing
-1,283
-2,721
-391
Cash from financing
-387
1,737
-845
Depreciation and amortisation
453
286
281
+58.7%
Share-based compensation
35.0
25.0
25.1
+40.0%
Buybacks
107
136
397
-21.3%
Dividends paid
83.0
72.0
73.0
+15.3%
Dividend per share
$0.26
$0.26
$0.26
0.0%
Diluted shares, weighted
323m
282m
285m
+14.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,435
1,251
1,033
+174.5%
Non-controlling interest
106
10.0
206
+960.0%
Debt
7,389
5,028
3,049
+47.0%
Other liabilities
5,243
3,408
3,283
+53.9%
Total liabilities and equity
16,173
9,697
7,571
+66.8%
Fixed assets
4,387
2,686
2,431
+63.3%
Goodwill
5,095
2,176
2,254
+134.1%
Intangible assets
1,934
195
137
+891.8%
Cash and equivalents
597
224
191
+166.5%
Receivables
1,158
754
793
+53.6%
Inventory
1,413
898
1,017
+57.3%
Other assets
1,589
2,763
748
-42.5%
Total assets
16,173
9,697
7,571
+66.8%
10-K for the year ended 31 December 2016, filed 2 March 2017: the filing.