Fox Factory Holding (FOXF) FY2017 results: revenue $476 million, up 18.0% on the year
Fox Factory Holding Corp. (FOXF) reported revenue of $476 million for fiscal 2017, the year ended 29 December 2017, up 18.0% on the year before. Net income was $43 million, up 20.9%, and diluted earnings per share $1.11. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$476 million
+18.0% on the year
FY2011FY2017
Operating margin
14.1%
11.3% a year earlier
FY2011FY2017
Net income
$43 million
+20.9% on the year
FY2011FY2017
Diluted EPS
$1.11
+18.1% on the year
FY2011FY2017
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
476
403
367
+18.0%
Cost of revenue
321
277
255
+16.1%
Gross profit
154
126
112
+22.2%
Gross margin
32.5%
31.4%
30.5%
Research and development
20.2
18.5
17.0
+9.3%
Operating income
67.0
45.5
35.3
+47.2%
Operating margin
14.1%
11.3%
9.6%
Interest expense
2.4
2.1
1.5
+14.8%
Pre-tax income
64.3
43.1
34.2
+49.2%
Income tax
21.1
7.4
9.3
+184.6%
Effective tax rate
32.8%
17.2%
27.1%
Net income
43.1
35.7
25.0
+20.9%
Net margin
9.1%
8.9%
6.8%
Diluted EPS
$1.11
$0.94
$0.66
+18.1%
$ 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
48.2
38.8
30.0
+24.0%
Capital expenditure
16.9
12.0
10.9
+40.3%
Free cash flow
31.3
26.8
19.1
+16.7%
Free cash flow margin
6.6%
6.7%
5.2%
Cash from investing
-70.5
-12.2
-13.2
Cash from financing
22.0
1.8
-14.1
+1,102.6%
Depreciation and amortisation
10.3
9.0
13.3
+13.9%
Share-based compensation
8.7
6.2
4.9
+40.2%
Buybacks
0.0
7.9
5.2
Diluted shares, weighted
39m
38m
38m
+2.5%
Shares outstanding at period end
38m
37m
37m
+1.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
235
185
152
+27.0%
Redeemable equity
13.0
0.0
n/a
Debt
98.6
66.7
47.2
+47.9%
Other liabilities
78.8
84.0
78.3
-6.2%
Total liabilities and equity
425
336
278
+26.7%
Fixed assets
43.6
32.3
26.1
+35.3%
Goodwill
88.4
57.8
57.7
+53.1%
Intangible assets
90.0
57.9
60.8
+55.6%
Cash and equivalents
35.9
35.3
6.9
+1.9%
Receivables
61.1
61.6
43.7
-0.9%
Inventory
84.8
71.2
68.2
+19.1%
Other assets
21.3
19.6
14.3
+8.8%
Total assets
425
336
278
+26.7%
10-K for the year ended 29 December 2017, filed 26 February 2019: the filing.