EnerSys (ENS) FY2016 results: revenue $2.3 billion, down 7.6% on the year
EnerSys (ENS) reported revenue of $2.3 billion for fiscal 2016, the year ended 31 March 2016, down 7.6% on the year before. Net income was $136 million, down 24.9%, and diluted earnings per share $2.99. The figures are the company's own, from the 10-K it filed with the SEC on 31 May 2016.
Revenue
$2.3 billion
-7.6% on the year
FY2009FY2016
Operating margin
9.1%
10.5% a year earlier
FY2009FY2016
Net income
$136 million
-24.9% on the year
FY2009FY2016
Diluted EPS
$2.99
-20.7% 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
2,316
2,506
2,474
-7.6%
Cost of revenue
1,704
1,865
1,845
-8.6%
Gross profit
612
641
630
-4.5%
Gross margin
26.4%
25.6%
25.4%
Operating income
210
263
195
-20.3%
Operating margin
9.1%
10.5%
7.9%
Interest expense
22.3
19.6
17.1
+13.7%
Pre-tax income
182
249
164
-27.0%
Income tax
50.1
67.8
17.0
-26.1%
Effective tax rate
27.5%
27.2%
10.4%
Net income
136
181
150
-24.9%
Net margin
5.9%
7.2%
6.1%
Diluted EPS
$2.99
$3.77
$3.02
-20.7%
$ 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
308
194
194
+58.2%
Capital expenditure
55.9
63.6
62.0
-12.2%
Free cash flow
252
131
132
+92.4%
Free cash flow margin
10.9%
5.2%
5.3%
Cash from investing
-80.9
-59.6
-232
Cash from financing
-106
-59.3
21.6
Depreciation and amortisation
56.0
57.0
54.0
-1.8%
Share-based compensation
19.6
25.3
16.7
-22.4%
Buybacks
178
205
69.9
-13.2%
Dividends paid
30.9
31.7
23.7
-2.7%
Dividend per share
$0.70
$0.70
$0.50
0.0%
Diluted shares, weighted
45m
48m
50m
-5.4%
Shares outstanding at period end
43m
44m
47m
-2.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,013
1,039
1,246
-2.5%
Non-controlling interest
5.3
5.5
5.9
-4.3%
Redeemable equity
6.0
7.0
8.0
-13.8%
Debt
628
513
322
+22.5%
Other liabilities
562
572
740
-1.8%
Total liabilities and equity
2,214
2,137
2,322
+3.6%
Fixed assets
357
357
370
+0.2%
Goodwill
354
370
426
-4.4%
Intangible assets
160
158
172
+0.9%
Cash and equivalents
397
269
240
+47.7%
Receivables
491
518
565
-5.3%
Inventory
331
337
362
-1.8%
Other assets
125
128
187
-2.4%
Total assets
2,214
2,137
2,322
+3.6%
10-K for the year ended 31 March 2016, filed 31 May 2016: the filing.