Enovis (ENOV) FY2016 results: revenue $3.2 billion, down 7.2% on the year
Enovis Corp. (ENOV) reported revenue of $3.2 billion for fiscal 2016, the year ended 31 December 2016, down 7.2% on the year before. Net income was $128 million, down 23.6%, and diluted earnings per share $3.12. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2017.
Revenue
$3.2 billion
-7.2% on the year
FY2009FY2016
Operating margin
7.4%
7.7% a year earlier
FY2009FY2016
Net income
$128 million
-23.6% on the year
FY2009FY2016
Diluted EPS
$3.12
-22.4% 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
3,186
3,434
4,624
-7.2%
Cost of revenue
2,193
2,363
3,146
-7.2%
Gross profit
992
1,072
1,479
-7.4%
Gross margin
31.2%
31.2%
32.0%
Selling, general and administrative
697
748
1,011
-6.9%
Operating income
237
266
410
-10.8%
Operating margin
7.4%
7.7%
8.9%
Interest expense
30.3
47.5
51.3
-36.3%
Pre-tax income
207
218
358
-5.3%
Income tax
51.8
41.2
-62.0
+25.8%
Effective tax rate
25.1%
18.9%
-17.3%
Net income
128
168
392
-23.6%
Net margin
4.0%
4.9%
8.5%
Diluted EPS
$3.12
$4.02
$9.06
-22.4%
$ 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
247
304
386
-18.7%
Capital expenditure
63.3
69.9
84.5
-9.5%
Free cash flow
184
234
301
-21.5%
Free cash flow margin
5.8%
6.8%
6.5%
Cash from investing
-82.0
-247
-1,030
Cash from financing
-145
-131
650
Depreciation and amortisation
129
137
175
-6.0%
Share-based compensation
19.0
16.3
17.6
+16.5%
Buybacks
20.8
27.4
0.0
-24.0%
Diluted shares, weighted
41m
42m
41m
-1.3%
Shares outstanding at period end
41m
41m
41m
-0.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,897
3,070
3,147
-5.6%
Non-controlling interest
196
187
206
+5.3%
Debt
1,292
1,418
1,539
-8.8%
Other liabilities
1,953
2,059
2,320
-5.1%
Total liabilities and equity
6,338
6,733
7,212
-5.9%
Fixed assets
505
645
727
-21.6%
Goodwill
2,351
2,598
2,873
-9.5%
Intangible assets
916
996
1,044
-8.0%
Investments
0.0
n/a
n/a
Cash and equivalents
209
197
305
+5.7%
Receivables
839
888
1,029
-5.6%
Inventory
365
420
443
-13.2%
Other assets
1,153
989
790
+16.6%
Total assets
6,338
6,733
7,212
-5.9%
10-K for the year ended 31 December 2016, filed 14 February 2017: the filing.