Cooper Companies (COO) FY2017 results: revenue $2.1 billion, up 8.8% on the year
Cooper Companies, Inc. (COO) reported revenue of $2.1 billion for fiscal 2017, the year ended 31 October 2017, up 8.8% on the year before. Net income was $373 million, up 36.1%, and diluted earnings per share $1.88. The figures are the company's own, from the 10-K it filed with the SEC on 21 December 2018.
Revenue
$2.1 billion
+8.8% on the year
FY2010FY2017
Operating margin
20.1%
16.5% a year earlier
FY2010FY2017
Net income
$373 million
+36.1% on the year
FY2010FY2017
Diluted EPS
$1.88
+34.5% 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
2,139
1,967
1,797
+8.8%
Cost of revenue
773
794
727
-2.6%
Gross profit
1,366
1,173
1,070
+16.4%
Gross margin
63.9%
59.6%
59.6%
Research and development
69.2
65.4
69.6
+5.8%
Selling, general and administrative
799
723
713
+10.6%
Operating income
429
324
237
+32.4%
Operating margin
20.1%
16.5%
13.2%
Interest expense
33.4
26.2
18.1
+27.5%
Pre-tax income
394
296
215
+33.3%
Income tax
21.1
20.7
10.4
+1.9%
Effective tax rate
5.4%
7.0%
4.8%
Net income
373
274
204
+36.1%
Net margin
17.4%
13.9%
11.3%
Diluted EPS
$1.88
$1.40
$1.03
+34.5%
$ 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
594
510
391
+16.5%
Capital expenditure
127
153
243
-16.7%
Free cash flow
466
357
148
+30.6%
Free cash flow margin
21.8%
18.2%
8.2%
Cash from investing
-381
-419
-288
Cash from financing
-228
-1.4
-107
Depreciation and amortisation
188
198
191
-5.0%
Share-based compensation
37.2
29.9
32.9
+24.6%
Buybacks
55.0
0.0
67.3
Dividends paid
2.9
2.9
2.9
0.0%
Dividend per share
$0.01
$0.01
$0.01
0.0%
Diluted shares, weighted
198m
196m
197m
+1.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,176
2,700
2,668
+17.6%
Non-controlling interest
0.1
0.1
6.4
0.0%
Debt
1,173
1,334
1,349
-12.1%
Other liabilities
510
442
438
+15.4%
Total liabilities and equity
4,859
4,476
4,461
+8.6%
Fixed assets
910
878
967
+3.7%
Goodwill
2,355
2,165
2,197
+8.8%
Intangible assets
505
441
411
+14.4%
Cash and equivalents
88.8
101
16.4
-11.9%
Receivables
317
291
283
+8.7%
Inventory
454
418
420
+8.7%
Other assets
230
183
166
+25.8%
Total assets
4,859
4,476
4,461
+8.6%
10-K for the year ended 31 October 2017, filed 21 December 2018: the filing.