Celanese (CE) FY2016 results: revenue $5.4 billion, down 5.0% on the year
Celanese Corp. (CE) reported revenue of $5.4 billion for fiscal 2016, the year ended 31 December 2016, down 5.0% on the year before. Net income was $900 million, up 196.1%, and diluted earnings per share $6.18. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2019.
Revenue
$5.4 billion
-5.0% on the year
FY2009FY2016
Operating margin
17.3%
5.7% a year earlier
FY2009FY2016
Net income
$900 million
+196.1% on the year
FY2009FY2016
Diluted EPS
$6.18
+209.0% 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
5,389
5,674
6,802
-5.0%
Cost of revenue
3,984
4,356
5,186
-8.5%
Gross profit
1,405
1,318
1,616
+6.6%
Gross margin
26.1%
23.2%
23.8%
Research and development
78.0
119
86.0
-34.5%
Selling, general and administrative
378
506
758
-25.3%
Operating income
934
326
758
+186.5%
Operating margin
17.3%
5.7%
11.1%
Interest expense
120
119
147
+0.8%
Pre-tax income
1,030
488
941
+111.1%
Income tax
122
201
314
-39.3%
Effective tax rate
11.8%
41.2%
33.4%
Net income
900
304
624
+196.1%
Net margin
16.7%
5.4%
9.2%
Diluted EPS
$6.18
$2.00
$4.00
+209.0%
$ 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
893
862
962
+3.6%
Capital expenditure
246
232
254
+6.0%
Free cash flow
647
630
708
+2.7%
Free cash flow margin
12.0%
11.1%
10.4%
Cash from investing
-439
-558
-705
Cash from financing
-759
-66.0
-415
Depreciation and amortisation
290
357
292
-18.8%
Share-based compensation
31.0
40.0
46.0
-22.5%
Buybacks
500
420
250
+19.0%
Dividends paid
201
174
144
+15.5%
Diluted shares, weighted
146m
152m
156m
-4.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,588
2,378
2,818
+8.8%
Non-controlling interest
433
451
260
-4.0%
Debt
3,029
2,999
2,745
+1.0%
Other liabilities
2,307
2,758
2,973
-16.4%
Total liabilities and equity
8,357
8,586
8,796
-2.7%
Fixed assets
3,577
3,609
3,733
-0.9%
Goodwill
796
705
749
+12.9%
Intangible assets
194
125
132
+55.2%
Investments
30.0
30.0
32.0
0.0%
Cash and equivalents
638
967
780
-34.0%
Receivables
801
706
801
+13.5%
Inventory
720
682
782
+5.6%
Other assets
1,601
1,762
1,787
-9.1%
Total assets
8,357
8,586
8,796
-2.7%
10-K for the year ended 31 December 2016, filed 7 February 2019: the filing.