Ball (BALL) FY2017 results: revenue $11.0 billion, up 21.2% on the year
Ball Corp. (BALL) reported revenue of $11.0 billion for fiscal 2017, the year ended 31 December 2017, up 21.2% on the year before. Net income was $374 million, up 42.2%, and diluted earnings per share $1.05. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$11.0 billion
+21.2% on the year
FY2010FY2017
Operating margin
7.3%
5.1% a year earlier
FY2010FY2017
Net income
$374 million
+42.2% on the year
FY2010FY2017
Diluted EPS
$1.05
+28.8% 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
10,983
9,061
7,997
+21.2%
Cost of revenue
8,717
n/a
n/a
Gross profit
1,757
1,420
1,295
+23.7%
Gross margin
16.0%
15.7%
16.2%
Research and development
27.0
28.0
26.0
-3.6%
Selling, general and administrative
514
512
450
+0.4%
Operating income
802
463
605
+73.2%
Operating margin
7.3%
5.1%
7.6%
Interest expense
285
229
260
+24.5%
Pre-tax income
514
125
346
+311.2%
Income tax
165
-126
47.0
Effective tax rate
32.1%
-100.8%
13.6%
Net income
374
263
281
+42.2%
Net margin
3.4%
2.9%
3.5%
Diluted EPS
$1.05
$0.81
$0.99
+28.8%
$ 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
1,478
193
1,007
+665.8%
Capital expenditure
556
606
528
-8.3%
Free cash flow
922
-413
479
Free cash flow margin
8.4%
-4.6%
6.0%
Cash from investing
-545
-1,283
-2,721
Cash from financing
-1,073
-387
1,737
Depreciation and amortisation
729
453
286
+60.9%
Share-based compensation
46.0
35.0
25.0
+31.4%
Buybacks
103
107
136
-3.7%
Dividends paid
129
83.0
72.0
+55.4%
Dividend per share
$0.36
$0.26
$0.26
+40.4%
Diluted shares, weighted
357m
323m
282m
+10.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,941
3,435
1,251
+14.7%
Non-controlling interest
105
106
10.0
-0.9%
Debt
6,631
7,389
5,028
-10.3%
Other liabilities
6,492
5,243
3,408
+23.8%
Total liabilities and equity
17,169
16,173
9,697
+6.2%
Fixed assets
4,610
4,387
2,686
+5.1%
Goodwill
4,933
5,095
2,176
-3.2%
Intangible assets
2,462
1,934
195
+27.3%
Cash and equivalents
448
597
224
-25.0%
Receivables
1,343
1,158
754
+16.0%
Inventory
1,526
1,413
898
+8.0%
Other assets
1,847
1,589
2,763
+16.2%
Total assets
17,169
16,173
9,697
+6.2%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.