Chesapeake Utilities (CPK) FY2017 results: revenue $450 million, down 9.9% on the year
Chesapeake Utilities Corp. (CPK) reported revenue of $450 million for fiscal 2017, the year ended 31 December 2017, down 9.9% on the year before. Net income was $58 million, up 30.1%, and diluted earnings per share $3.55. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$450 million
-9.9% on the year
FY2010FY2017
Operating margin
20.0%
17.2% a year earlier
FY2010FY2017
Net income
$58 million
+30.1% on the year
FY2010FY2017
Diluted EPS
$3.55
+24.1% 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
450
499
459
-9.9%
Operating income
89.7
86.0
77.8
+4.4%
Operating margin
20.0%
17.2%
16.9%
Interest expense
12.5
10.6
10.0
+17.8%
Pre-tax income
75.0
73.0
68.0
+2.7%
Income tax
14.7
28.3
26.9
-48.2%
Effective tax rate
19.6%
38.8%
39.5%
Net income
58.1
44.7
41.1
+30.1%
Net margin
12.9%
9.0%
9.0%
Diluted EPS
$3.55
$2.86
$2.72
+24.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
110
104
105
+5.7%
Capital expenditure
175
170
144
+3.2%
Free cash flow
-65.2
-65.7
-38.9
Free cash flow margin
-14.5%
-13.2%
-8.5%
Cash from investing
-187
-170
-165
Cash from financing
78.2
67.2
58.1
+16.4%
Depreciation and amortisation
36.4
32.2
30.0
+13.1%
Share-based compensation
2.5
2.4
1.9
+5.2%
Dividends paid
19.9
17.5
15.9
+14.0%
Dividend per share
$1.28
$1.20
$1.13
+6.4%
Diluted shares, weighted
16m
16m
15m
+4.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
486
446
358
+9.0%
Debt
458
359
332
+27.5%
Other liabilities
473
424
379
+11.6%
Total liabilities and equity
1,417
1,229
1,069
+15.3%
Fixed assets
1,126
987
855
+14.1%
Goodwill
19.6
15.1
14.5
+30.1%
Intangible assets
4.7
1.8
2.2
+154.3%
Cash and equivalents
5.6
4.2
2.9
+34.4%
Receivables
77.2
62.8
41.0
+23.0%
Other assets
184
159
153
+16.1%
Total assets
1,417
1,229
1,069
+15.3%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.