Fox Factory Holding (FOXF) FY2016 results: revenue $403 million, up 9.9% on the year
Fox Factory Holding Corp. (FOXF) reported revenue of $403 million for fiscal 2016, the year ended 30 December 2016, up 9.9% on the year before. Net income was $36 million, up 43.0%, and diluted earnings per share $0.94. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$403 million
+9.9% on the year
FY2011FY2016
Operating margin
11.3%
9.6% a year earlier
FY2011FY2016
Net income
$36 million
+43.0% on the year
FY2011FY2016
Diluted EPS
$0.94
+42.4% on the year
FY2011FY2016
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
403
367
307
+9.9%
Cost of revenue
277
255
212
+8.6%
Gross profit
126
112
94.4
+12.8%
Gross margin
31.4%
30.5%
30.8%
Research and development
18.5
17.0
13.6
+8.6%
Operating income
45.5
35.3
34.6
+28.9%
Operating margin
11.3%
9.6%
11.3%
Interest expense
2.1
1.5
1.0
+34.8%
Pre-tax income
43.1
34.2
34.3
+25.8%
Income tax
7.4
9.3
6.6
-20.2%
Effective tax rate
17.2%
27.1%
19.3%
Net income
35.7
25.0
27.7
+43.0%
Net margin
8.9%
6.8%
9.0%
Diluted EPS
$0.94
$0.66
$0.73
+42.4%
$ 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
38.8
30.0
32.9
+29.4%
Capital expenditure
12.0
10.9
4.6
+10.4%
Free cash flow
26.8
19.1
28.3
+40.2%
Free cash flow margin
6.7%
5.2%
9.2%
Cash from investing
-12.2
-13.2
-76.8
Cash from financing
1.8
-14.1
46.7
Depreciation and amortisation
9.0
13.3
9.7
-32.2%
Share-based compensation
6.2
4.9
4.0
+26.8%
Buybacks
7.9
5.2
0.6
+51.8%
Dividends paid
n/a
n/a
0.0
Diluted shares, weighted
38m
38m
38m
-0.2%
Shares outstanding at period end
37m
37m
37m
-0.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
185
152
129
+21.5%
Redeemable equity
0.0
n/a
n/a
Debt
66.7
47.2
50.0
+41.4%
Other liabilities
84.0
78.3
79.6
+7.3%
Total liabilities and equity
336
278
258
+20.8%
Fixed assets
32.3
26.1
19.8
+23.6%
Goodwill
57.8
57.7
58.7
+0.2%
Intangible assets
57.9
60.8
65.2
-4.9%
Cash and equivalents
35.3
6.9
4.2
+408.1%
Receivables
61.6
43.7
39.2
+41.1%
Inventory
71.2
68.2
59.2
+4.5%
Other assets
19.6
14.3
12.1
+36.7%
Total assets
336
278
258
+20.8%
10-K for the year ended 30 December 2016, filed 26 February 2019: the filing.