Dauch (DCH) FY2016 results: revenue $3.9 billion, up 1.2% on the year
Dauch Corp. (DCH) reported revenue of $3.9 billion for fiscal 2016, the year ended 31 December 2016, up 1.2% on the year before. Net income was $241 million, up 2.2%, and diluted earnings per share $3.06. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$3.9 billion
+1.2% on the year
FY2010FY2016
Operating margin
9.6%
9.2% a year earlier
FY2010FY2016
Net income
$241 million
+2.2% on the year
FY2010FY2016
Diluted EPS
$3.06
+1.3% on the year
FY2010FY2016
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
3,948
3,903
3,696
+1.2%
Cost of revenue
3,222
3,268
3,173
-1.4%
Gross profit
726
635
523
+14.3%
Gross margin
18.4%
16.3%
14.1%
Research and development
140
114
104
+22.7%
Selling, general and administrative
314
274
255
+14.6%
Operating income
381
358
268
+6.3%
Operating margin
9.6%
9.2%
7.2%
Interest expense
93.4
99.2
99.9
-5.8%
Pre-tax income
299
273
177
+9.6%
Income tax
58.3
37.1
33.7
+57.1%
Effective tax rate
19.5%
13.6%
19.1%
Net income
241
236
143
+2.2%
Net margin
6.1%
6.0%
3.9%
Diluted EPS
$3.06
$3.02
$1.85
+1.3%
$ 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
408
378
318
+7.9%
Capital expenditure
223
194
206
+15.2%
Free cash flow
185
184
112
+0.3%
Free cash flow margin
4.7%
4.7%
3.0%
Cash from investing
-228
-188
-195
Cash from financing
18.4
-144
-21.4
Depreciation and amortisation
202
198
200
+1.7%
Share-based compensation
21.0
15.9
9.7
+32.1%
Buybacks
5.2
3.1
0.3
+67.7%
Diluted shares, weighted
77m
76m
76m
+0.8%
Shares outstanding at period end
76m
76m
76m
+0.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
504
302
113
+67.2%
Non-controlling interest
0.0
n/a
0.0
Debt
1,416
1,394
1,536
+1.6%
Other liabilities
1,502
1,508
1,591
-0.4%
Total liabilities and equity
3,422
3,203
3,240
+6.9%
Fixed assets
1,094
1,046
1,061
+4.5%
Goodwill
154
154
155
-0.3%
Intangible assets
28.5
n/a
n/a
Cash and equivalents
481
282
249
+70.3%
Receivables
560
539
533
+3.9%
Inventory
182
230
249
-20.9%
Other assets
923
950
994
-2.9%
Total assets
3,422
3,203
3,240
+6.9%
10-K for the year ended 31 December 2016, filed 15 February 2019: the filing.