Coty (COTY) FY2017 results: revenue $7.7 billion, up 75.9% on the year
Coty Inc. (COTY) reported revenue of $7.7 billion for fiscal 2017, the year ended 30 June 2017, up 75.9% on the year before. Net income was -$422 million, and diluted earnings per share $-0.66. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2019.
Revenue
$7.7 billion
+75.9% on the year
FY2012FY2017
Operating margin
-5.5%
5.8% a year earlier
FY2012FY2017
Net income
-$422 million
FY2012FY2017
Diluted EPS
-$0.66
FY2012FY2017
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
7,650
4,349
4,395
+75.9%
Cost of revenue
3,028
1,746
1,757
+73.4%
Gross profit
4,622
2,603
2,638
+77.5%
Gross margin
60.4%
59.9%
60.0%
Research and development
139
47.7
47.4
+191.8%
Selling, general and administrative
4,041
2,028
2,066
+99.3%
Operating income
-421
254
395
Operating margin
-5.5%
5.8%
9.0%
Interest expense
220
113
71.4
+94.5%
Pre-tax income
-658
139
233
Income tax
-260
-40.4
-26.1
Effective tax rate
n/a
-29.1%
-11.2%
Net income
-422
157
232
Net margin
-5.5%
3.6%
5.3%
Diluted EPS
-$0.66
$0.44
$0.64
$ 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
758
501
526
+51.1%
Capital expenditure
432
150
171
+188.0%
Free cash flow
325
351
355
-7.4%
Free cash flow margin
4.3%
8.1%
8.1%
Cash from investing
-1,164
-1,059
-171
Cash from financing
595
593
-1,138
+0.4%
Depreciation and amortisation
555
232
231
+139.3%
Share-based compensation
24.6
22.2
30.6
+10.8%
Buybacks
36.3
795
263
-95.4%
Dividends paid
373
89.0
71.0
+318.7%
Dividend per share
$0.65
$0.25
$0.20
+160.0%
Diluted shares, weighted
643m
354m
363m
+81.5%
Shares outstanding at period end
748m
n/a
n/a
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
9,315
360
970
+2,486.0%
Non-controlling interest
3.0
6.9
14.9
-56.5%
Redeemable equity
551
73.3
86.3
+651.8%
Debt
7,137
4,098
2,635
+74.2%
Other liabilities
5,542
2,497
2,313
+121.9%
Total liabilities and equity
22,548
7,036
6,019
+220.5%
Fixed assets
1,632
639
500
+155.6%
Goodwill
8,556
2,213
1,531
+286.7%
Intangible assets
8,425
2,050
1,914
+311.0%
Cash and equivalents
535
372
341
+43.8%
Receivables
1,470
683
680
+115.3%
Inventory
1,053
566
558
+86.0%
Other assets
877
513
496
+70.9%
Total assets
22,548
7,036
6,019
+220.5%
10-K for the year ended 30 June 2017, filed 28 August 2019: the filing.