Cooper Companies (COO) FY2016 results: revenue $2.0 billion, up 9.4% on the year
Cooper Companies, Inc. (COO) reported revenue of $2.0 billion for fiscal 2016, the year ended 31 October 2016, up 9.4% on the year before. Net income was $274 million, up 34.6%, and diluted earnings per share $1.40. The figures are the company's own, from the 10-K it filed with the SEC on 21 December 2018.
Revenue
$2.0 billion
+9.4% on the year
FY2009FY2016
Operating margin
16.5%
13.2% a year earlier
FY2009FY2016
Net income
$274 million
+34.6% on the year
FY2009FY2016
Diluted EPS
$1.40
+35.0% 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
1,967
1,797
1,718
+9.4%
Cost of revenue
794
727
626
+9.2%
Gross profit
1,173
1,070
1,092
+9.6%
Gross margin
59.6%
59.6%
63.5%
Research and development
65.4
69.6
66.3
-6.0%
Selling, general and administrative
723
713
683
+1.4%
Operating income
324
237
306
+36.9%
Operating margin
16.5%
13.2%
17.8%
Interest expense
26.2
18.1
8.0
+44.7%
Pre-tax income
296
215
297
+37.2%
Income tax
20.7
10.4
24.7
+99.0%
Effective tax rate
7.0%
4.8%
8.3%
Net income
274
204
270
+34.6%
Net margin
13.9%
11.3%
15.7%
Diluted EPS
$1.40
$1.03
$1.38
+35.0%
$ 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
510
391
455
+30.4%
Capital expenditure
153
243
238
-37.2%
Free cash flow
357
148
217
+141.3%
Free cash flow margin
18.2%
8.2%
12.6%
Cash from investing
-419
-288
-1,346
Cash from financing
-1.4
-107
842
Depreciation and amortisation
198
191
138
+3.6%
Share-based compensation
29.9
32.9
36.5
-9.2%
Buybacks
0.0
67.3
75.8
Dividends paid
2.9
2.9
2.9
0.0%
Dividend per share
$0.01
$0.01
$0.01
0.0%
Diluted shares, weighted
196m
197m
196m
-0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,700
2,668
2,570
+1.2%
Non-controlling interest
0.1
6.4
18.6
-98.4%
Debt
1,334
1,349
1,382
-1.1%
Other liabilities
442
438
488
+1.1%
Total liabilities and equity
4,476
4,461
4,458
+0.3%
Fixed assets
878
967
937
-9.2%
Goodwill
2,165
2,197
2,221
-1.5%
Intangible assets
441
411
454
+7.3%
Cash and equivalents
101
16.4
25.2
+513.8%
Receivables
291
283
276
+3.0%
Inventory
418
420
381
-0.5%
Other assets
183
166
164
+9.8%
Total assets
4,476
4,461
4,458
+0.3%
10-K for the year ended 31 October 2016, filed 21 December 2018: the filing.