Enovis (ENOV) FY2017 results: revenue $1.9 billion, down 39.2% on the year
Enovis Corp. (ENOV) reported revenue of $1.9 billion for fiscal 2017, the year ended 31 December 2017, down 39.2% on the year before. Net income was $151 million, up 17.9%, and diluted earnings per share $3.66. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2020.
Revenue
$1.9 billion
-39.2% on the year
FY2010FY2017
Operating margin
7.0%
7.4% a year earlier
FY2010FY2017
Net income
$151 million
+17.9% on the year
FY2010FY2017
Diluted EPS
$3.66
+17.3% 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
1,937
3,186
3,434
-39.2%
Cost of revenue
1,266
2,193
2,363
-42.3%
Gross profit
672
992
1,072
-32.3%
Gross margin
34.7%
31.2%
31.2%
Selling, general and administrative
501
697
748
-28.2%
Operating income
136
237
266
-42.7%
Operating margin
7.0%
7.4%
7.7%
Interest expense
40.1
30.3
47.5
+32.5%
Pre-tax income
48.6
207
218
-76.5%
Income tax
2.5
51.8
41.2
-95.2%
Effective tax rate
5.1%
25.1%
18.9%
Net income
151
128
168
+17.9%
Net margin
7.8%
4.0%
4.9%
Diluted EPS
$3.66
$3.12
$4.02
+17.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
219
247
304
-11.4%
Capital expenditure
68.8
63.3
69.9
+8.7%
Free cash flow
150
184
234
-18.4%
Free cash flow margin
7.7%
5.8%
6.8%
Cash from investing
89.9
-82.0
-247
Cash from financing
-280
-145
-131
Depreciation and amortisation
72.7
129
137
-43.6%
Share-based compensation
21.5
19.0
16.3
+13.3%
Buybacks
0.0
20.8
27.4
Diluted shares, weighted
41m
41m
42m
+0.0%
Shares outstanding at period end
41m
41m
41m
+0.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,500
2,897
3,070
+20.8%
Non-controlling interest
227
196
187
+15.5%
Debt
1,061
1,292
1,418
-17.9%
Other liabilities
1,921
1,953
2,059
-1.6%
Total liabilities and equity
6,710
6,338
6,733
+5.9%
Fixed assets
553
505
645
+9.4%
Goodwill
1,430
2,351
2,598
-39.2%
Intangible assets
1,017
916
996
+11.0%
Investments
150
0.0
n/a
Cash and equivalents
262
209
197
+25.5%
Receivables
970
839
888
+15.7%
Inventory
430
365
420
+17.7%
Other assets
1,898
1,153
989
+64.6%
Total assets
6,710
6,338
6,733
+5.9%
10-K for the year ended 31 December 2017, filed 24 February 2020: the filing.