Cabot (CBT) FY2017 results: revenue $2.7 billion, up 12.7% on the year
Cabot Corp. (CBT) reported revenue of $2.7 billion for fiscal 2017, the year ended 30 September 2017, up 12.7% on the year before. Net income was $248 million, up 68.7%, and diluted earnings per share $3.91. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2017.
Revenue
$2.7 billion
+12.7% on the year
FY2010FY2017
Operating margin
12.4%
10.2% a year earlier
FY2010FY2017
Net income
$248 million
+68.7% on the year
FY2010FY2017
Diluted EPS
$3.91
+68.5% 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
2,717
2,411
2,871
+12.7%
Cost of revenue
2,060
1,833
2,286
+12.4%
Gross profit
657
575
585
+14.3%
Gross margin
24.2%
23.8%
20.4%
Research and development
57.0
53.0
58.0
+7.5%
Selling, general and administrative
262
275
282
-4.7%
Operating income
338
247
-317
+36.8%
Operating margin
12.4%
10.2%
-11.0%
Interest expense
53.0
54.0
53.0
-1.9%
Pre-tax income
299
191
-377
+56.5%
Income tax
33.0
33.0
-45.0
0.0%
Effective tax rate
11.0%
17.3%
n/a
Net income
248
147
-334
+68.7%
Net margin
9.1%
6.1%
-11.6%
Diluted EPS
$3.91
$2.32
-$5.27
+68.5%
$ 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
348
392
499
-11.2%
Capital expenditure
147
112
141
+31.2%
Free cash flow
201
280
358
-28.2%
Free cash flow margin
7.4%
11.6%
12.5%
Cash from investing
-149
-104
-162
Cash from financing
-133
-184
-256
Depreciation and amortisation
155
161
183
-3.7%
Share-based compensation
16.0
17.0
12.0
-5.9%
Buybacks
61.0
45.0
101
+35.6%
Dividends paid
77.0
65.0
56.0
+18.5%
Dividend per share
$1.23
$1.04
$0.88
+18.3%
Diluted shares, weighted
63m
63m
63m
-0.3%
Shares outstanding at period end
62m
62m
62m
-0.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,504
1,274
1,234
+18.1%
Non-controlling interest
121
98.0
104
+23.5%
Redeemable equity
27.0
26.0
27.0
+3.8%
Debt
924
922
993
+0.2%
Other liabilities
762
732
705
+4.1%
Total liabilities and equity
3,338
3,052
3,063
+9.4%
Fixed assets
1,305
1,290
1,383
+1.2%
Goodwill
154
152
154
+1.3%
Intangible assets
137
140
153
-2.1%
Cash and equivalents
280
200
77.0
+40.0%
Inventory
433
342
397
+26.6%
Other assets
1,029
928
899
+10.9%
Total assets
3,338
3,052
3,063
+9.4%
10-K for the year ended 30 September 2017, filed 22 November 2017: the filing.