Exponent (EXPO) FY2016 results: revenue $315 million, up 0.7% on the year
Exponent Inc. (EXPO) reported revenue of $315 million for fiscal 2016, the year ended 30 December 2016, up 0.7% on the year before. Net income was $47 million, up 8.9%, and diluted earnings per share $0.88. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$315 million
+0.7% on the year
FY2009FY2016
Operating margin
19.6%
22.0% a year earlier
FY2009FY2016
Net income
$47 million
+8.9% on the year
FY2009FY2016
Diluted EPS
$0.88
+9.4% 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
315
313
305
+0.7%
Operating income
61.9
68.9
63.5
-10.2%
Operating margin
19.6%
22.0%
20.9%
Pre-tax income
69.1
71.1
68.0
-2.8%
Income tax
21.6
27.5
27.3
-21.4%
Effective tax rate
31.3%
38.7%
40.1%
Net income
47.5
43.6
40.7
+8.9%
Net margin
15.1%
13.9%
13.4%
Diluted EPS
$0.88
$0.80
$0.73
+9.4%
$ 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
66.9
60.5
48.3
+10.7%
Capital expenditure
14.4
5.4
4.9
+167.6%
Free cash flow
52.6
55.1
43.3
-4.6%
Free cash flow margin
16.7%
17.6%
14.2%
Cash from investing
-27.4
-27.0
n/a
Cash from financing
-49.2
-36.9
n/a
Depreciation and amortisation
6.1
5.5
5.4
+11.9%
Share-based compensation
13.3
13.0
13.1
+2.9%
Buybacks
24.5
23.3
30.9
+4.9%
Dividends paid
18.6
15.5
13.0
+19.9%
Dividend per share
$0.36
$0.30
$0.25
+20.0%
Diluted shares, weighted
54m
55m
55m
-0.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
273
263
244
+4.0%
Debt
0.0
0.0
0.0
Other liabilities
130
125
121
+4.6%
Total liabilities and equity
404
388
365
+4.2%
Fixed assets
36.7
28.5
28.3
+28.9%
Goodwill
8.6
8.6
8.6
0.0%
Investments
58.8
45.8
24.9
+28.2%
Trading assets
48.3
n/a
n/a
Cash and equivalents
115
126
129
-8.6%
Receivables
87.4
88.6
86.4
-1.3%
Other assets
49.0
90.2
87.7
-45.7%
Total assets
404
388
365
+4.2%
10-K for the year ended 30 December 2016, filed 24 February 2017: the filing.