Coherent (COHR) FY2016 results: revenue $827 million, up 11.5% on the year
Coherent Corp. (COHR) reported revenue of $827 million for fiscal 2016, the year ended 30 June 2016, up 11.5% on the year before. Net income was $65 million, down 0.7%, and diluted earnings per share $1.04. The figures are the company's own, from the 10-K it filed with the SEC on 26 August 2016.
Revenue
$827 million
+11.5% on the year
FY2009FY2016
Operating margin
11.0%
10.4% a year earlier
FY2009FY2016
Net income
$65 million
-0.7% on the year
FY2009FY2016
Diluted EPS
$1.04
-1.0% 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
827
742
683
+11.5%
Cost of revenue
514
470
457
+9.4%
Gross profit
313
272
227
+15.2%
Gross margin
37.8%
36.6%
33.2%
Research and development
60.6
51.3
42.5
+18.2%
Selling, general and administrative
161
144
138
+11.9%
Operating income
90.9
76.8
46.5
+18.4%
Operating margin
11.0%
10.4%
6.8%
Interest expense
3.1
3.9
4.5
-20.2%
Pre-tax income
90.0
79.1
45.6
+13.7%
Income tax
24.5
13.1
7.3
+86.3%
Effective tax rate
27.2%
16.6%
16.0%
Net income
65.5
66.0
38.4
-0.7%
Net margin
7.9%
8.9%
5.6%
Diluted EPS
$1.04
$1.05
$0.60
-1.0%
$ 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
123
129
95.5
-4.9%
Capital expenditure
58.2
52.3
29.2
+11.2%
Free cash flow
64.8
77.1
66.2
-15.9%
Free cash flow margin
7.8%
10.4%
9.7%
Cash from investing
-135
-52.2
-207
Cash from financing
61.5
-76.1
99.1
Depreciation and amortisation
56.7
53.1
53.1
+6.7%
Share-based compensation
9.7
11.3
12.3
-14.7%
Buybacks
6.3
12.7
20.0
-50.6%
Diluted shares, weighted
63m
63m
64m
+0.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
782
729
675
+7.3%
Debt
236
176
242
+34.1%
Other liabilities
194
153
155
+26.9%
Total liabilities and equity
1,213
1,058
1,072
+14.6%
Fixed assets
243
204
209
+19.2%
Goodwill
234
196
196
+19.3%
Intangible assets
125
122
136
+1.7%
Cash and equivalents
218
174
175
+25.8%
Receivables
165
141
137
+17.1%
Inventory
175
164
166
+6.5%
Other assets
53.0
57.2
53.2
-7.4%
Total assets
1,213
1,058
1,072
+14.6%
10-K for the year ended 30 June 2016, filed 26 August 2016: the filing.