Corpay (CPAY) FY2016 results: revenue $1.8 billion, up 7.6% on the year
Corpay, Inc. (CPAY) reported revenue of $1.8 billion for fiscal 2016, the year ended 31 December 2016, up 7.6% on the year before. Net income was $452 million, up 24.8%, and diluted earnings per share $4.75. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$1.8 billion
+7.6% on the year
FY2009FY2016
Operating margin
41.2%
39.2% a year earlier
FY2009FY2016
Net income
$452 million
+24.8% on the year
FY2009FY2016
Diluted EPS
$4.75
+23.4% 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
1,832
1,703
1,199
+7.6%
Cost of revenue
91.6
84.1
13.2
+8.9%
Gross profit
1,740
1,619
1,186
+7.5%
Gross margin
95.0%
95.1%
98.9%
Operating income
754
668
565
+13.0%
Operating margin
41.2%
39.2%
47.1%
Pre-tax income
643
536
513
+19.9%
Income tax
191
174
144
+9.8%
Effective tax rate
29.6%
32.4%
28.1%
Net income
452
362
369
+24.8%
Net margin
24.7%
21.3%
30.7%
Diluted EPS
$4.75
$3.85
$4.24
+23.4%
$ 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
708
755
608
-6.1%
Capital expenditure
59.0
41.9
27.1
+40.9%
Free cash flow
649
713
581
-8.9%
Free cash flow margin
35.4%
41.9%
48.5%
Cash from investing
-1,390
-99.4
-2,594
Cash from financing
754
-648
2,162
Depreciation and amortisation
203
193
112
+5.1%
Share-based compensation
63.9
90.1
37.6
-29.0%
Buybacks
188
0.0
0.0
Diluted shares, weighted
95m
94m
87m
+1.1%
Shares outstanding at period end
92m
92m
92m
-0.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
3,084
2,830
2,619
+9.0%
Deposits
n/a
n/a
492
Debt
3,858
2,935
3,594
+31.5%
Other liabilities
2,684
2,127
1,820
+26.2%
Total liabilities and equity
9,627
7,892
8,525
+22.0%
Fixed assets
143
80.8
73.6
+76.5%
Goodwill
4,195
3,546
3,713
+18.3%
Intangible assets
2,653
2,184
2,386
+21.5%
Cash and equivalents
475
447
477
+6.2%
Receivables
1,202
639
674
+88.1%
Other assets
959
995
1,201
-3.7%
Total assets
9,627
7,892
8,525
+22.0%
10-K for the year ended 31 December 2016, filed 1 March 2019: the filing.