Coty (COTY) FY2016 results: revenue $4.3 billion, down 1.0% on the year
Coty Inc. (COTY) reported revenue of $4.3 billion for fiscal 2016, the year ended 30 June 2016, down 1.0% on the year before. Net income was $157 million, down 32.5%, and diluted earnings per share $0.44. The figures are the company's own, from the 10-K it filed with the SEC on 18 August 2016.
Revenue
$4.3 billion
-1.0% on the year
FY2012FY2016
Operating margin
5.8%
9.0% a year earlier
FY2012FY2016
Net income
$157 million
-32.5% on the year
FY2012FY2016
Diluted EPS
$0.44
-31.2% on the year
FY2012FY2016
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
4,349
4,395
4,552
-1.0%
Cost of revenue
1,746
1,757
1,866
-0.6%
Gross profit
2,603
2,638
2,686
-1.3%
Gross margin
59.9%
60.0%
59.0%
Research and development
47.7
47.4
n/a
+0.6%
Selling, general and administrative
2,028
2,066
2,220
-1.9%
Operating income
254
395
25.7
-35.7%
Operating margin
5.8%
9.0%
0.6%
Interest expense
113
71.4
69.8
+58.1%
Pre-tax income
139
233
-44.1
-40.5%
Income tax
-40.4
-26.1
20.1
Effective tax rate
-29.1%
-11.2%
n/a
Net income
157
232
-97.4
-32.5%
Net margin
3.6%
5.3%
-2.1%
Diluted EPS
$0.44
$0.64
-$0.26
-31.2%
$ 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
501
526
536
-4.7%
Capital expenditure
150
171
202
-12.2%
Free cash flow
351
355
335
-1.2%
Free cash flow margin
8.1%
8.1%
7.4%
Cash from investing
-1,059
-171
-258
Cash from financing
593
-1,138
-5.7
Depreciation and amortisation
232
231
251
+0.5%
Share-based compensation
22.2
30.6
46.8
-27.5%
Buybacks
795
263
100
+202.1%
Dividends paid
89.0
71.0
76.9
+25.4%
Dividend per share
$0.25
$0.20
$0.20
+25.0%
Diluted shares, weighted
354m
363m
382m
-2.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
360
970
844
-62.9%
Non-controlling interest
6.9
14.9
10.6
-53.7%
Redeemable equity
73.3
86.3
106
-15.1%
Debt
4,098
2,635
3,294
+55.5%
Other liabilities
2,497
2,313
2,338
+7.9%
Total liabilities and equity
7,036
6,019
6,592
+16.9%
Fixed assets
639
500
540
+27.7%
Goodwill
2,213
1,531
1,343
+44.6%
Intangible assets
2,050
1,914
1,837
+7.1%
Cash and equivalents
372
341
1,238
+9.1%
Receivables
683
680
665
+0.5%
Inventory
566
558
617
+1.4%
Other assets
513
496
352
+3.5%
Total assets
7,036
6,019
6,592
+16.9%
10-K for the year ended 30 June 2016, filed 18 August 2016: the filing.