Century Aluminum (CENX) FY2016 results: revenue $1.3 billion, down 32.3% on the year
Century Aluminum Co. (CENX) reported revenue of $1.3 billion for fiscal 2016, the year ended 31 December 2016, down 32.3% on the year before. Net income was -$252 million, and diluted earnings per share $-2.90. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$1.3 billion
-32.3% on the year
FY2009FY2016
Operating margin
-17.3%
-2.0% a year earlier
FY2009FY2016
Net income
-$252 million
FY2009FY2016
Diluted EPS
-$2.90
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
1,319
1,950
1,931
-32.3%
Cost of revenue
1,325
1,909
1,729
-30.6%
Gross profit
-6.1
41.3
202
Gross margin
-0.5%
2.1%
10.5%
Selling, general and administrative
38.9
42.1
49.2
-7.6%
Operating income
-228
-39.1
140
Operating margin
-17.3%
-2.0%
7.3%
Interest expense
22.2
22.0
22.0
+1.2%
Pre-tax income
-251
-41.1
143
Income tax
2.8
9.3
18.3
-69.8%
Effective tax rate
n/a
n/a
12.8%
Net income
-252
-59.3
126
Net margin
-19.1%
-3.0%
6.5%
Diluted EPS
-$2.90
-$0.68
$1.15
$ 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
38.2
31.9
208
+19.8%
Capital expenditure
21.9
54.7
55.1
-60.0%
Free cash flow
16.3
-22.8
153
Free cash flow margin
1.2%
-1.2%
7.9%
Cash from investing
-20.9
-43.4
-120
Cash from financing
0.0
-36.4
-8.2
Depreciation and amortisation
84.8
80.1
70.7
+5.8%
Share-based compensation
1.5
1.8
1.3
-18.5%
Buybacks
0.0
36.4
0.0
Diluted shares, weighted
n/a
n/a
89m
Shares outstanding at period end
87m
87m
89m
+0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
757
1,009
1,096
-25.0%
Debt
256
255
255
+0.2%
Other liabilities
528
489
674
+8.1%
Total liabilities and equity
1,540
1,752
2,025
-12.1%
Fixed assets
1,026
1,232
1,306
-16.7%
Cash and equivalents
132
115
163
+14.7%
Receivables
12.4
9.5
77.7
+31.2%
Inventory
234
232
283
+0.7%
Other assets
136
163
195
-17.0%
Total assets
1,540
1,752
2,025
-12.1%
10-K for the year ended 31 December 2016, filed 28 February 2019: the filing.