Dauch (DCH) FY2017 results: revenue $6.3 billion, up 58.7% on the year
Dauch Corp. (DCH) reported revenue of $6.3 billion for fiscal 2017, the year ended 31 December 2017, up 58.7% on the year before. Net income was $337 million, up 40.0%, and diluted earnings per share $3.21. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$6.3 billion
+58.7% on the year
FY2010FY2017
Operating margin
8.7%
9.6% a year earlier
FY2010FY2017
Net income
$337 million
+40.0% on the year
FY2010FY2017
Diluted EPS
$3.21
+4.9% 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
6,266
3,948
3,903
+58.7%
Cost of revenue
5,147
3,222
3,268
+59.7%
Gross profit
1,119
726
635
+54.1%
Gross margin
17.9%
18.4%
16.3%
Research and development
162
140
114
+15.5%
Selling, general and administrative
390
314
274
+24.2%
Operating income
543
381
358
+42.6%
Operating margin
8.7%
9.6%
9.2%
Interest expense
196
93.4
99.2
+109.4%
Pre-tax income
340
299
273
+13.7%
Income tax
2.5
58.3
37.1
-95.7%
Effective tax rate
0.7%
19.5%
13.6%
Net income
337
241
236
+40.0%
Net margin
5.4%
6.1%
6.0%
Diluted EPS
$3.21
$3.06
$3.02
+4.9%
$ 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
647
408
378
+58.7%
Capital expenditure
478
223
194
+114.2%
Free cash flow
169
185
184
-8.3%
Free cash flow margin
2.7%
4.7%
4.7%
Cash from investing
-1,378
-228
-188
Cash from financing
616
18.4
-144
+3,245.7%
Depreciation and amortisation
428
202
198
+112.3%
Share-based compensation
43.4
21.0
15.9
+106.7%
Buybacks
7.0
5.2
3.1
+34.6%
Diluted shares, weighted
103m
77m
76m
+33.7%
Shares outstanding at period end
111m
76m
76m
+45.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,536
504
302
+204.6%
Non-controlling interest
4.0
0.0
n/a
Debt
4,051
1,416
1,394
+186.1%
Other liabilities
2,292
1,502
1,508
+52.6%
Total liabilities and equity
7,883
3,422
3,203
+130.3%
Fixed assets
2,403
1,094
1,046
+119.7%
Goodwill
1,654
154
154
+974.2%
Intangible assets
1,212
28.5
n/a
+4,154.4%
Cash and equivalents
377
481
282
-21.7%
Receivables
1,036
560
539
+85.0%
Inventory
392
182
230
+115.0%
Other assets
808
923
950
-12.4%
Total assets
7,883
3,422
3,203
+130.3%
10-K for the year ended 31 December 2017, filed 15 February 2019: the filing.