Boise Cascade (BCC) FY2016 results: revenue $3.9 billion, up 7.6% on the year
Boise Cascade Co. (BCC) reported revenue of $3.9 billion for fiscal 2016, the year ended 31 December 2016, up 7.6% on the year before. Net income was $38 million, down 26.7%, and diluted earnings per share $0.98. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$3.9 billion
+7.6% on the year
FY2011FY2016
Operating margin
2.2%
2.8% a year earlier
FY2011FY2016
Net income
$38 million
-26.7% on the year
FY2011FY2016
Diluted EPS
$0.98
-26.3% on the year
FY2011FY2016
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
3,911
3,633
3,574
+7.6%
Operating income
84.7
103
146
-17.9%
Operating margin
2.2%
2.8%
4.1%
Interest expense
26.7
22.5
22.0
+18.5%
Pre-tax income
43.3
80.7
123
-46.3%
Income tax
5.0
28.5
43.3
-82.3%
Effective tax rate
11.7%
35.3%
35.1%
Net income
38.3
52.2
80.0
-26.7%
Net margin
1.0%
1.4%
2.2%
Diluted EPS
$0.98
$1.33
$2.03
-26.3%
$ 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
152
80.3
102
+89.1%
Capital expenditure
83.6
87.5
61.2
-4.5%
Free cash flow
68.3
-7.2
40.6
Free cash flow margin
1.7%
-0.2%
1.1%
Cash from investing
-299
-84.4
n/a
Cash from financing
66.4
25.0
n/a
+165.6%
Depreciation and amortisation
72.8
55.6
51.4
+31.1%
Share-based compensation
8.2
5.8
5.9
+40.4%
Buybacks
10.3
23.7
0.0
-56.7%
Dividends paid
0.0
0.0
n/a
Dividend per share
$0.00
$0.00
n/a
Diluted shares, weighted
39m
39m
39m
-1.1%
Shares outstanding at period end
38m
39m
39m
-1.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
580
535
492
+8.5%
Debt
438
345
294
+27.0%
Other liabilities
422
369
427
+14.1%
Total liabilities and equity
1,439
1,249
1,213
+15.3%
Fixed assets
569
403
368
+41.2%
Goodwill
55.4
21.8
21.8
+154.0%
Intangible assets
15.5
10.1
10.2
+54.1%
Cash and equivalents
104
184
164
-43.6%
Receivables
199
187
172
+6.4%
Inventory
433
385
394
+12.6%
Other assets
62.9
57.5
82.8
+9.3%
Total assets
1,439
1,249
1,213
+15.3%
10-K for the year ended 31 December 2016, filed 26 February 2019: the filing.