Coherent (COHR) FY2017 results: revenue $972 million, up 17.5% on the year
Coherent Corp. (COHR) reported revenue of $972 million for fiscal 2017, the year ended 30 June 2017, up 17.5% on the year before. Net income was $95 million, up 45.5%, and diluted earnings per share $1.48. The figures are the company's own, from the 10-K it filed with the SEC on 21 August 2017.
Revenue
$972 million
+17.5% on the year
FY2010FY2017
Operating margin
11.9%
11.0% a year earlier
FY2010FY2017
Net income
$95 million
+45.5% on the year
FY2010FY2017
Diluted EPS
$1.48
+42.3% 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
972
827
742
+17.5%
Cost of revenue
584
514
470
+13.5%
Gross profit
388
313
272
+24.1%
Gross margin
40.0%
37.8%
36.6%
Research and development
96.8
60.6
51.3
+59.8%
Selling, general and administrative
176
161
144
+9.6%
Operating income
116
90.9
76.8
+27.1%
Operating margin
11.9%
11.0%
10.4%
Interest expense
6.8
3.1
3.9
+121.0%
Pre-tax income
119
90.0
79.1
+32.1%
Income tax
23.5
24.5
13.1
-3.9%
Effective tax rate
19.8%
27.2%
16.6%
Net income
95.3
65.5
66.0
+45.5%
Net margin
9.8%
7.9%
8.9%
Diluted EPS
$1.48
$1.04
$1.05
+42.3%
$ 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
119
123
129
-3.5%
Capital expenditure
139
58.2
52.3
+138.1%
Free cash flow
-19.9
64.8
77.1
Free cash flow margin
-2.0%
7.8%
10.4%
Cash from investing
-177
-135
-52.2
Cash from financing
112
61.5
-76.1
+81.6%
Depreciation and amortisation
63.6
56.7
53.1
+12.3%
Share-based compensation
11.8
9.7
11.3
+21.5%
Buybacks
n/a
6.3
12.7
Diluted shares, weighted
65m
63m
63m
+2.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
901
782
729
+15.1%
Debt
342
236
176
+45.0%
Other liabilities
235
194
153
+20.8%
Total liabilities and equity
1,477
1,213
1,058
+21.8%
Fixed assets
368
243
204
+51.4%
Goodwill
250
234
196
+7.1%
Intangible assets
134
125
122
+7.5%
Cash and equivalents
272
218
174
+24.5%
Receivables
193
165
141
+17.3%
Inventory
204
175
164
+16.3%
Other assets
56.3
53.0
57.2
+6.3%
Total assets
1,477
1,213
1,058
+21.8%
10-K for the year ended 30 June 2017, filed 21 August 2017: the filing.