Factset Research Systems (FDS) FY2016 results: revenue $1.1 billion, up 12.0% on the year
Factset Research Systems Inc. (FDS) reported revenue of $1.1 billion for fiscal 2016, the year ended 31 August 2016, up 12.0% on the year before. Net income was $339 million, up 40.6%, and diluted earnings per share $8.19. The figures are the company's own, from the 10-K it filed with the SEC on 31 October 2016.
Revenue
$1.1 billion
+12.0% on the year
FY2009FY2016
Operating margin
31.0%
33.0% a year earlier
FY2009FY2016
Net income
$339 million
+40.6% on the year
FY2009FY2016
Diluted EPS
$8.19
+43.4% 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
1,127
1,007
920
+12.0%
Cost of revenue
487
405
354
+20.2%
Gross profit
640
601
567
+6.4%
Gross margin
56.8%
59.7%
61.6%
Selling, general and administrative
290
270
264
+7.6%
Operating income
350
332
302
+5.4%
Operating margin
31.0%
33.0%
32.8%
Pre-tax income
461
334
303
+38.1%
Income tax
122
92.7
91.9
+31.8%
Effective tax rate
26.5%
27.8%
30.3%
Net income
339
241
212
+40.6%
Net margin
30.1%
23.9%
23.0%
Diluted EPS
$8.19
$5.71
$4.92
+43.4%
$ 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
331
306
265
+8.1%
Capital expenditure
47.7
25.7
17.7
+85.9%
Free cash flow
283
281
247
+0.9%
Free cash flow margin
25.1%
27.9%
26.9%
Cash from investing
-158
-64.9
-70.7
Cash from financing
-91.0
-187
-277
Depreciation and amortisation
38.1
31.3
34.4
+21.4%
Share-based compensation
29.8
26.4
22.9
+13.0%
Buybacks
357
256
280
+39.3%
Dividends paid
74.2
66.6
61.0
+11.5%
Diluted shares, weighted
41m
42m
43m
-2.1%
Shares outstanding at period end
40m
41m
42m
-3.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
517
532
511
-2.7%
Debt
300
35.0
0.0
+757.1%
Other liabilities
202
170
152
+18.6%
Total liabilities and equity
1,019
737
663
+38.3%
Fixed assets
84.6
59.3
57.6
+42.8%
Goodwill
453
308
286
+46.9%
Intangible assets
93.2
40.1
41.9
+132.6%
Investments
24.2
23.5
20.0
+3.1%
Cash and equivalents
228
159
116
+43.7%
Receivables
97.8
95.1
90.4
+2.9%
Other assets
38.0
51.6
51.4
-26.3%
Total assets
1,019
737
663
+38.3%
10-K for the year ended 31 August 2016, filed 31 October 2016: the filing.