Factset Research Systems (FDS) FY2017 results: revenue $1.2 billion, up 8.3% on the year
Factset Research Systems Inc. (FDS) reported revenue of $1.2 billion for fiscal 2017, the year ended 31 August 2017, up 8.3% on the year before. Net income was $258 million, down 23.8%, and diluted earnings per share $6.51. The figures are the company's own, from the 10-K it filed with the SEC on 30 October 2017.
Revenue
$1.2 billion
+8.3% on the year
FY2010FY2017
Operating margin
28.8%
31.0% a year earlier
FY2010FY2017
Net income
$258 million
-23.8% on the year
FY2010FY2017
Diluted EPS
$6.51
-20.5% 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
1,221
1,127
1,007
+8.3%
Cost of revenue
567
487
405
+16.2%
Gross profit
655
640
601
+2.3%
Gross margin
53.6%
56.8%
59.7%
Research and development
215
n/a
n/a
Selling, general and administrative
302
290
270
+4.3%
Operating income
352
350
332
+0.7%
Operating margin
28.8%
31.0%
33.0%
Interest expense
8.4
n/a
n/a
Pre-tax income
344
461
334
-25.3%
Income tax
86.1
122
92.7
-29.6%
Effective tax rate
25.0%
26.5%
27.8%
Net income
258
339
241
-23.8%
Net margin
21.1%
30.1%
23.9%
Diluted EPS
$6.51
$8.19
$5.71
-20.5%
$ 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
321
331
306
-3.2%
Capital expenditure
36.9
47.7
25.7
-22.8%
Free cash flow
284
283
281
+0.1%
Free cash flow margin
23.2%
25.1%
27.9%
Cash from investing
-347
-158
-64.9
Cash from financing
-8.2
-91.0
-187
Depreciation and amortisation
48.3
38.1
31.3
+26.9%
Share-based compensation
34.2
29.8
26.4
+14.7%
Buybacks
261
357
256
-26.9%
Dividends paid
80.9
74.2
66.6
+9.0%
Diluted shares, weighted
40m
41m
42m
-4.2%
Shares outstanding at period end
39m
40m
41m
-2.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
560
517
532
+8.2%
Debt
575
300
35.0
+91.7%
Other liabilities
279
202
170
+38.1%
Total liabilities and equity
1,413
1,019
737
+38.7%
Fixed assets
100
84.6
59.3
+18.7%
Goodwill
708
453
308
+56.2%
Intangible assets
174
93.2
40.1
+86.3%
Investments
32.4
24.2
23.5
+34.0%
Cash and equivalents
195
228
159
-14.7%
Receivables
148
97.8
95.1
+51.7%
Other assets
56.3
38.0
51.6
+47.9%
Total assets
1,413
1,019
737
+38.7%
10-K for the year ended 31 August 2017, filed 30 October 2017: the filing.