Exponent (EXPO) FY2017 results: revenue $348 million, up 10.4% on the year
Exponent Inc. (EXPO) reported revenue of $348 million for fiscal 2017, the year ended 29 December 2017, up 10.4% on the year before. Net income was $41 million, down 13.0%, and diluted earnings per share $0.77. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$348 million
+10.4% on the year
FY2010FY2017
Operating margin
20.7%
19.6% a year earlier
FY2010FY2017
Net income
$41 million
-13.0% on the year
FY2010FY2017
Diluted EPS
$0.77
-12.6% 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
348
315
313
+10.4%
Operating income
72.1
61.9
68.9
+16.4%
Operating margin
20.7%
19.6%
22.0%
Pre-tax income
82.5
69.1
71.1
+19.4%
Income tax
41.2
21.6
27.5
+90.4%
Effective tax rate
49.9%
31.3%
38.7%
Net income
41.3
47.5
43.6
-13.0%
Net margin
11.9%
15.1%
13.9%
Diluted EPS
$0.77
$0.88
$0.80
-12.6%
$ 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
67.8
66.9
60.5
+1.3%
Capital expenditure
4.7
14.4
5.4
-67.2%
Free cash flow
63.1
52.6
55.1
+20.1%
Free cash flow margin
18.1%
16.7%
17.6%
Cash from investing
-17.7
-27.4
-27.0
Cash from financing
-41.3
-49.2
-36.9
Depreciation and amortisation
6.3
6.1
5.5
+2.5%
Share-based compensation
16.2
13.3
13.0
+21.2%
Buybacks
11.9
24.5
23.3
-51.2%
Dividends paid
21.6
18.6
15.5
+16.5%
Dividend per share
$0.42
$0.36
$0.30
+16.7%
Diluted shares, weighted
54m
54m
55m
-0.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
289
273
263
+5.8%
Debt
0.0
0.0
0.0
Other liabilities
151
130
125
+15.4%
Total liabilities and equity
440
404
388
+8.9%
Fixed assets
35.0
36.7
28.5
-4.6%
Goodwill
8.6
8.6
8.6
0.0%
Investments
71.6
58.8
45.8
+21.9%
Trading assets
53.4
48.3
n/a
+10.5%
Cash and equivalents
125
115
126
+8.5%
Receivables
110
87.4
88.6
+26.0%
Other assets
36.1
49.0
90.2
-26.3%
Total assets
440
404
388
+8.9%
10-K for the year ended 29 December 2017, filed 23 February 2018: the filing.