EnerSys (ENS) FY2017 results: revenue $2.4 billion, up 2.2% on the year
EnerSys (ENS) reported revenue of $2.4 billion for fiscal 2017, the year ended 31 March 2017, up 2.2% on the year before. Net income was $160 million, up 17.7%, and diluted earnings per share $3.64. The figures are the company's own, from the 10-K it filed with the SEC on 30 May 2017.
Revenue
$2.4 billion
+2.2% on the year
FY2010FY2017
Operating margin
10.0%
9.1% a year earlier
FY2010FY2017
Net income
$160 million
+17.7% on the year
FY2010FY2017
Diluted EPS
$3.64
+21.7% 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
2,367
2,316
2,506
+2.2%
Cost of revenue
1,713
1,704
1,865
+0.5%
Gross profit
651
612
641
+6.4%
Gross margin
27.5%
26.4%
25.6%
Operating income
237
210
263
+12.9%
Operating margin
10.0%
9.1%
10.5%
Interest expense
22.2
22.3
19.6
-0.7%
Pre-tax income
213
182
249
+16.9%
Income tax
54.5
50.1
67.8
+8.7%
Effective tax rate
25.6%
27.5%
27.2%
Net income
160
136
181
+17.7%
Net margin
6.8%
5.9%
7.2%
Diluted EPS
$3.64
$2.99
$3.77
+21.7%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
246
308
194
-20.0%
Capital expenditure
50.1
55.9
63.6
-10.4%
Free cash flow
196
252
131
-22.1%
Free cash flow margin
8.3%
10.9%
5.2%
Cash from investing
-61.8
-80.9
-59.6
Cash from financing
-62.5
-106
-59.3
Depreciation and amortisation
53.9
56.0
57.0
-3.7%
Share-based compensation
19.2
19.6
25.3
-2.1%
Buybacks
0.0
178
205
Dividends paid
30.4
30.9
31.7
-1.6%
Dividend per share
$0.70
$0.70
$0.70
0.0%
Diluted shares, weighted
44m
45m
48m
-3.2%
Shares outstanding at period end
43m
43m
44m
+0.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,103
1,013
1,039
+8.9%
Non-controlling interest
4.9
5.3
5.5
-7.4%
Redeemable equity
0.0
6.0
7.0
Debt
606
628
513
-3.6%
Other liabilities
579
562
572
+3.0%
Total liabilities and equity
2,293
2,214
2,137
+3.5%
Fixed assets
349
357
357
-2.5%
Goodwill
329
354
370
-7.0%
Intangible assets
154
160
158
-3.6%
Cash and equivalents
500
397
269
+25.9%
Receivables
487
491
518
-0.8%
Inventory
361
331
337
+8.9%
Other assets
114
125
128
-8.4%
Total assets
2,293
2,214
2,137
+3.5%
10-K for the year ended 31 March 2017, filed 30 May 2017: the filing.