Crane Nxt (CXT) FY2016 results: revenue $2.7 billion, up 0.3% on the year
Crane Nxt, Co. (CXT) reported revenue of $2.7 billion for fiscal 2016, the year ended 31 December 2016, up 0.3% on the year before. Net income was $123 million, down 46.4%, and diluted earnings per share $2.07. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$2.7 billion
+0.3% on the year
FY2009FY2016
Operating margin
6.8%
13.6% a year earlier
FY2009FY2016
Net income
$123 million
-46.4% on the year
FY2009FY2016
Diluted EPS
$2.07
-46.8% 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
2,748
2,740
2,925
+0.3%
Cost of revenue
1,758
1,786
1,909
-1.6%
Gross profit
990
954
1,016
+3.7%
Gross margin
36.0%
34.8%
34.7%
Research and development
61.5
62.8
68.0
-2.1%
Selling, general and administrative
611
566
605
+7.8%
Operating income
187
373
316
-49.9%
Operating margin
6.8%
13.6%
10.8%
Interest expense
36.5
37.6
39.2
-2.9%
Pre-tax income
164
336
281
-51.2%
Income tax
40.3
106
87.6
-62.2%
Effective tax rate
24.6%
31.6%
31.2%
Net income
123
229
193
-46.4%
Net margin
4.5%
8.4%
6.6%
Diluted EPS
$2.07
$3.89
$3.23
-46.8%
$ 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
318
229
264
+38.7%
Capital expenditure
51.5
39.6
43.7
+30.1%
Free cash flow
267
190
220
+40.5%
Free cash flow margin
9.7%
6.9%
7.5%
Cash from investing
-50.6
-35.2
-25.8
Cash from financing
-100
-144
-133
Depreciation and amortisation
67.4
67.0
75.8
+0.6%
Share-based compensation
21.7
21.3
20.9
+1.9%
Buybacks
0.0
25.0
50.0
Dividends paid
77.2
76.6
73.9
+0.8%
Diluted shares, weighted
59m
59m
60m
+0.9%
Shares outstanding at period end
59m
58m
58m
+1.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,134
1,139
1,060
-0.5%
Non-controlling interest
11.9
11.4
10.8
+4.4%
Debt
745
799
850
-6.7%
Other liabilities
1,537
1,392
1,530
+10.4%
Total liabilities and equity
3,428
3,342
3,451
+2.6%
Fixed assets
279
276
290
+1.1%
Goodwill
1,149
1,168
1,191
-1.6%
Intangible assets
282
317
353
-11.0%
Cash and equivalents
510
364
364
+40.2%
Receivables
396
398
411
-0.3%
Inventory
342
377
370
-9.1%
Other assets
469
443
472
+6.0%
Total assets
3,428
3,342
3,451
+2.6%
10-K for the year ended 31 December 2016, filed 26 February 2019: the filing.