Copart (CPRT) FY2016 results: revenue $1.3 billion, up 10.7% on the year
Copart Inc. (CPRT) reported revenue of $1.3 billion for fiscal 2016, the year ended 31 July 2016, up 10.7% on the year before. Net income was $270 million, up 23.0%, and diluted earnings per share $0.28. The figures are the company's own, from the 10-K it filed with the SEC on 28 September 2016.
Revenue
$1.3 billion
+10.7% on the year
FY2009FY2016
Operating margin
32.0%
30.1% a year earlier
FY2009FY2016
Net income
$270 million
+23.0% on the year
FY2009FY2016
Diluted EPS
$0.28
+32.3% 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
1,268
1,146
1,163
+10.7%
Cost of revenue
141
136
174
+3.3%
Gross profit
1,127
1,010
989
+11.7%
Gross margin
88.9%
88.1%
85.0%
Operating income
406
344
275
+18.0%
Operating margin
32.0%
30.1%
23.6%
Interest expense
23.6
18.1
8.8
+30.3%
Pre-tax income
396
332
270
+19.2%
Income tax
126
112
91.3
+11.8%
Effective tax rate
31.7%
33.8%
33.8%
Net income
270
220
179
+23.0%
Net margin
21.3%
19.2%
15.4%
Diluted EPS
$0.28
$0.21
$0.17
+32.3%
$ 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
332
265
263
+25.4%
Capital expenditure
174
79.2
81.5
+119.7%
Free cash flow
159
186
181
-14.7%
Free cash flow margin
12.5%
16.2%
15.6%
Depreciation and amortisation
48.6
46.6
53.7
+4.3%
Share-based compensation
20.9
18.2
22.1
+14.9%
Buybacks
443
233
0.6
+89.7%
Diluted shares, weighted
977m
1,051m
1,050m
-7.1%
Shares outstanding at period end
881m
961m
1,009m
-8.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
774
964
1,003
-19.7%
Non-controlling interest
0.0
n/a
n/a
Debt
638
644
303
-0.9%
Other liabilities
237
192
200
+23.8%
Total liabilities and equity
1,650
1,800
1,507
-8.3%
Fixed assets
817
700
692
+16.6%
Goodwill
260
272
284
-4.3%
Intangible assets
11.8
17.9
25.2
-34.1%
Cash and equivalents
156
456
159
-65.8%
Receivables
266
216
197
+23.4%
Inventory
10.4
8.6
7.3
+20.6%
Other assets
129
130
142
-0.7%
Total assets
1,650
1,800
1,507
-8.3%
10-K for the year ended 31 July 2016, filed 28 September 2016: the filing.