Boise Cascade (BCC) FY2017 results: revenue $4.4 billion, up 13.3% on the year
Boise Cascade Co. (BCC) reported revenue of $4.4 billion for fiscal 2017, the year ended 31 December 2017, up 13.3% on the year before. Net income was $83 million, up 116.9%, and diluted earnings per share $2.12. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$4.4 billion
+13.3% on the year
FY2011FY2017
Operating margin
3.2%
2.2% a year earlier
FY2011FY2017
Net income
$83 million
+116.9% on the year
FY2011FY2017
Diluted EPS
$2.12
+116.3% on the year
FY2011FY2017
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
4,432
3,911
3,633
+13.3%
Cost of revenue
3,820
n/a
n/a
Gross profit
612
n/a
n/a
Gross margin
13.8%
n/a
n/a
Operating income
141
84.7
103
+66.7%
Operating margin
3.2%
2.2%
2.8%
Interest expense
25.4
26.7
22.5
-5.0%
Pre-tax income
118
43.3
80.7
+171.6%
Income tax
34.6
5.0
28.5
+586.2%
Effective tax rate
29.5%
11.7%
35.3%
Net income
83.0
38.3
52.2
+116.9%
Net margin
1.9%
1.0%
1.4%
Diluted EPS
$2.12
$0.98
$1.33
+116.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
152
152
80.3
-0.2%
Capital expenditure
75.5
83.6
87.5
-9.7%
Free cash flow
76.1
68.3
-7.2
+11.4%
Free cash flow margin
1.7%
1.7%
-0.2%
Cash from investing
-73.2
-299
-84.4
Cash from financing
-5.2
66.4
25.0
Depreciation and amortisation
80.4
72.8
55.6
+10.3%
Share-based compensation
9.7
8.2
5.8
+19.0%
Buybacks
0.0
10.3
23.7
Dividends paid
2.7
0.0
0.0
Dividend per share
$0.07
$0.00
$0.00
Diluted shares, weighted
39m
39m
39m
+0.4%
Shares outstanding at period end
39m
38m
39m
+0.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
675
580
535
+16.3%
Debt
438
438
345
+0.2%
Other liabilities
494
422
369
+17.3%
Total liabilities and equity
1,607
1,439
1,249
+11.7%
Fixed assets
566
569
403
-0.5%
Goodwill
55.4
55.4
21.8
0.0%
Intangible assets
15.1
15.5
10.1
-3.1%
Cash and equivalents
177
104
184
+70.4%
Receivables
246
199
187
+23.7%
Inventory
477
433
385
+10.0%
Other assets
70.6
62.9
57.5
+12.3%
Total assets
1,607
1,439
1,249
+11.7%
10-K for the year ended 31 December 2017, filed 26 February 2019: the filing.