Crane Nxt (CXT) FY2017 results: revenue $2.8 billion, up 1.4% on the year
Crane Nxt, Co. (CXT) reported revenue of $2.8 billion for fiscal 2017, the year ended 31 December 2017, up 1.4% on the year before. Net income was $172 million, up 39.9%, and diluted earnings per share $2.84. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$2.8 billion
+1.4% on the year
FY2010FY2017
Operating margin
13.9%
6.8% a year earlier
FY2010FY2017
Net income
$172 million
+39.9% on the year
FY2010FY2017
Diluted EPS
$2.84
+37.2% 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
2,786
2,748
2,740
+1.4%
Cost of revenue
1,771
1,758
1,786
+0.7%
Gross profit
1,015
990
954
+2.6%
Gross margin
36.4%
36.0%
34.8%
Research and development
58.5
61.5
62.8
-4.9%
Selling, general and administrative
606
611
566
-0.8%
Operating income
388
187
373
+108.0%
Operating margin
13.9%
6.8%
13.6%
Interest expense
36.1
36.5
37.6
-1.1%
Pre-tax income
368
164
336
+123.9%
Income tax
195
40.3
106
+383.9%
Effective tax rate
53.1%
24.6%
31.6%
Net income
172
123
229
+39.9%
Net margin
6.2%
4.5%
8.4%
Diluted EPS
$2.84
$2.07
$3.89
+37.2%
$ 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
318
318
229
-0.2%
Capital expenditure
49.0
51.5
39.6
-4.9%
Free cash flow
268
267
190
+0.7%
Free cash flow margin
9.6%
9.7%
6.9%
Cash from investing
-86.7
-50.6
-35.2
Cash from financing
-80.8
-100
-144
Depreciation and amortisation
72.7
67.4
67.0
+7.9%
Share-based compensation
21.8
21.7
21.3
+0.5%
Buybacks
25.0
0.0
25.0
Dividends paid
78.4
77.2
76.6
+1.6%
Dividend per share
$1.32
n/a
n/a
Diluted shares, weighted
60m
59m
59m
+1.9%
Shares outstanding at period end
59m
59m
58m
+0.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,345
1,134
1,139
+18.6%
Non-controlling interest
3.3
11.9
11.4
-72.3%
Debt
744
745
799
-0.2%
Other liabilities
1,502
1,537
1,392
-2.3%
Total liabilities and equity
3,594
3,428
3,342
+4.8%
Fixed assets
282
279
276
+1.3%
Goodwill
1,207
1,149
1,168
+5.0%
Intangible assets
277
282
317
-1.9%
Cash and equivalents
706
510
364
+38.6%
Receivables
418
396
398
+5.5%
Inventory
349
342
377
+2.0%
Other assets
354
469
443
-24.6%
Total assets
3,594
3,428
3,342
+4.8%
10-K for the year ended 31 December 2017, filed 26 February 2019: the filing.