Century Aluminum (CENX) FY2017 results: revenue $1.6 billion, up 20.5% on the year
Century Aluminum Co. (CENX) reported revenue of $1.6 billion for fiscal 2017, the year ended 31 December 2017, up 20.5% on the year before. Net income was $49 million, and diluted earnings per share $0.51. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$1.6 billion
+20.5% on the year
FY2010FY2017
Operating margin
6.1%
-17.3% a year earlier
FY2010FY2017
Net income
$49 million
FY2010FY2017
Diluted EPS
$0.51
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
1,589
1,319
1,950
+20.5%
Cost of revenue
1,458
1,325
1,909
+10.0%
Gross profit
131
-6.1
41.3
Gross margin
8.3%
-0.5%
2.1%
Selling, general and administrative
44.8
38.9
42.1
+15.2%
Operating income
97.2
-228
-39.1
Operating margin
6.1%
-17.3%
-2.0%
Interest expense
22.2
22.2
22.0
-0.2%
Pre-tax income
55.4
-251
-41.1
Income tax
7.6
2.8
9.3
+171.4%
Effective tax rate
13.7%
n/a
n/a
Net income
48.6
-252
-59.3
Net margin
3.1%
-19.1%
-3.0%
Diluted EPS
$0.51
-$2.90
-$0.68
$ 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
51.5
38.2
31.9
+34.9%
Capital expenditure
31.8
21.9
54.7
+45.4%
Free cash flow
19.7
16.3
-22.8
+20.8%
Free cash flow margin
1.2%
1.2%
-1.2%
Cash from investing
-17.4
-20.9
-43.4
Cash from financing
0.4
0.0
-36.4
Depreciation and amortisation
84.2
84.8
80.1
-0.6%
Share-based compensation
1.9
1.5
1.8
+23.2%
Buybacks
0.0
0.0
36.4
Diluted shares, weighted
88m
n/a
n/a
Shares outstanding at period end
88m
87m
87m
+0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
830
757
1,009
+9.6%
Debt
256
256
255
+0.2%
Other liabilities
496
528
489
-6.1%
Total liabilities and equity
1,582
1,540
1,752
+2.7%
Fixed assets
972
1,026
1,232
-5.3%
Cash and equivalents
167
132
115
+26.3%
Receivables
43.1
12.4
9.5
+246.5%
Inventory
317
234
232
+35.9%
Other assets
82.0
136
163
-39.6%
Total assets
1,582
1,540
1,752
+2.7%
10-K for the year ended 31 December 2017, filed 28 February 2019: the filing.