Celanese (CE) FY2017 results: revenue $6.1 billion, up 13.9% on the year
Celanese Corp. (CE) reported revenue of $6.1 billion for fiscal 2017, the year ended 31 December 2017, up 13.9% on the year before. Net income was $843 million, down 6.3%, and diluted earnings per share $6.09. The figures are the company's own, from the 10-K it filed with the SEC on 7 February 2019.
Revenue
$6.1 billion
+13.9% on the year
FY2010FY2017
Operating margin
14.0%
17.3% a year earlier
FY2010FY2017
Net income
$843 million
-6.3% on the year
FY2010FY2017
Diluted EPS
$6.09
-1.5% 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
6,140
5,389
5,674
+13.9%
Cost of revenue
4,625
3,984
4,356
+16.1%
Gross profit
1,511
1,405
1,318
+7.5%
Gross margin
24.6%
26.1%
23.2%
Research and development
73.0
78.0
119
-6.4%
Selling, general and administrative
496
378
506
+31.2%
Operating income
857
934
326
-8.2%
Operating margin
14.0%
17.3%
5.7%
Interest expense
122
120
119
+1.7%
Pre-tax income
1,075
1,030
488
+4.4%
Income tax
213
122
201
+74.6%
Effective tax rate
19.8%
11.8%
41.2%
Net income
843
900
304
-6.3%
Net margin
13.7%
16.7%
5.4%
Diluted EPS
$6.09
$6.18
$2.00
-1.5%
$ 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
803
893
862
-10.1%
Capital expenditure
267
246
232
+8.5%
Free cash flow
536
647
630
-17.2%
Free cash flow margin
8.7%
12.0%
11.1%
Cash from investing
-549
-439
-558
Cash from financing
-351
-759
-66.0
Depreciation and amortisation
305
290
357
+5.2%
Share-based compensation
47.0
31.0
40.0
+51.6%
Buybacks
500
500
420
0.0%
Dividends paid
241
201
174
+19.9%
Diluted shares, weighted
138m
146m
152m
-5.0%
Shares outstanding at period end
136m
n/a
n/a
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,887
2,588
2,378
+11.6%
Non-controlling interest
412
433
451
-4.8%
Debt
3,661
3,029
2,999
+20.9%
Other liabilities
2,578
2,307
2,758
+11.7%
Total liabilities and equity
9,538
8,357
8,586
+14.1%
Fixed assets
3,762
3,577
3,609
+5.2%
Goodwill
1,003
796
705
+26.0%
Intangible assets
301
194
125
+55.2%
Investments
32.0
30.0
30.0
+6.7%
Cash and equivalents
576
638
967
-9.7%
Receivables
986
801
706
+23.1%
Inventory
900
720
682
+25.0%
Other assets
1,978
1,601
1,762
+23.5%
Total assets
9,538
8,357
8,586
+14.1%
10-K for the year ended 31 December 2017, filed 7 February 2019: the filing.