Chesapeake Utilities (CPK) FY2016 results: revenue $499 million, up 8.6% on the year
Chesapeake Utilities Corp. (CPK) reported revenue of $499 million for fiscal 2016, the year ended 31 December 2016, up 8.6% on the year before. Net income was $45 million, up 8.6%, and diluted earnings per share $2.86. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$499 million
+8.6% on the year
FY2009FY2016
Operating margin
17.2%
16.9% a year earlier
FY2009FY2016
Net income
$45 million
+8.6% on the year
FY2009FY2016
Diluted EPS
$2.86
+5.1% 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
499
459
499
+8.6%
Operating income
86.0
77.8
62.3
+10.6%
Operating margin
17.2%
16.9%
12.5%
Interest expense
10.6
10.0
9.5
+6.3%
Pre-tax income
73.0
68.0
60.0
+7.3%
Income tax
28.3
26.9
23.9
+5.3%
Effective tax rate
38.8%
39.5%
39.9%
Net income
44.7
41.1
36.1
+8.6%
Net margin
9.0%
9.0%
7.2%
Diluted EPS
$2.86
$2.72
$2.47
+5.1%
$ 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
104
105
73.7
-0.5%
Capital expenditure
170
144
91.6
+18.3%
Free cash flow
-65.7
-38.9
-17.9
Free cash flow margin
-13.2%
-8.5%
-3.6%
Cash from investing
-170
-165
-81.0
Cash from financing
67.2
58.1
8.5
+15.7%
Depreciation and amortisation
32.2
30.0
26.3
+7.3%
Share-based compensation
2.4
1.9
2.0
+22.2%
Dividends paid
17.5
15.9
13.9
+9.8%
Dividend per share
$1.20
$1.13
$1.07
+6.2%
Diluted shares, weighted
16m
15m
15m
+3.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
446
358
300
+24.6%
Debt
359
332
256
+8.3%
Other liabilities
424
379
348
+12.0%
Total liabilities and equity
1,229
1,069
904
+15.0%
Fixed assets
987
855
690
+15.4%
Goodwill
15.1
14.5
5.0
+3.6%
Intangible assets
1.8
2.2
2.4
-17.1%
Cash and equivalents
4.2
2.9
4.6
+46.3%
Receivables
62.8
41.0
53.3
+53.2%
Other assets
159
153
149
+3.7%
Total assets
1,229
1,069
904
+15.0%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.