Greif (GEF) FY2016 results: revenue $3.3 billion, down 8.1% on the year
Greif, Inc. (GEF) reported revenue of $3.3 billion for fiscal 2016, the year ended 31 October 2016, down 8.1% on the year before. Net income was $75 million, up 4.2%. The figures are the company's own, from the 10-K it filed with the SEC on 21 December 2016.
Revenue
$3.3 billion
-8.1% on the year
FY2009FY2016
Operating margin
6.8%
5.3% a year earlier
FY2009FY2016
Net income
$75 million
+4.2% on the year
FY2009FY2016
Diluted EPS
n/a
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
3,324
3,617
4,239
-8.1%
Cost of revenue
2,639
2,947
3,428
-10.5%
Gross profit
685
670
811
+2.3%
Gross margin
20.6%
18.5%
19.1%
Selling, general and administrative
377
413
497
-8.8%
Operating income
226
193
249
+17.0%
Operating margin
6.8%
5.3%
5.9%
Interest expense
75.4
74.8
81.8
+0.8%
Pre-tax income
141
115
158
+23.0%
Income tax
66.5
48.4
115
+37.4%
Effective tax rate
47.1%
42.2%
72.8%
Net income
74.9
71.9
91.5
+4.2%
Net margin
2.3%
2.0%
2.2%
$ 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
301
206
262
+45.9%
Capital expenditure
100
136
138
-26.3%
Free cash flow
201
70.5
124
+185.0%
Free cash flow margin
6.0%
1.9%
2.9%
Cash from investing
-25.1
-146
-69.0
Cash from financing
-273
-20.1
-180
Depreciation and amortisation
128
135
156
-5.1%
Share-based compensation
2.8
2.8
3.6
0.0%
Buybacks
5.2
0.0
0.0
Dividends paid
98.7
98.7
98.6
0.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
947
1,016
1,142
-6.7%
Non-controlling interest
10.5
44.3
81.1
-76.3%
Redeemable equity
31.8
0.0
n/a
Debt
1,026
1,188
1,153
-13.6%
Other liabilities
1,137
1,068
1,291
+6.5%
Total liabilities and equity
3,153
3,316
3,667
-4.9%
Fixed assets
1,172
1,218
1,308
-3.8%
Goodwill
786
807
880
-2.6%
Intangible assets
111
133
166
-16.7%
Cash and equivalents
104
106
85.1
-2.4%
Receivables
399
404
501
-1.1%
Inventory
277
297
381
-6.6%
Other assets
304
351
345
-13.5%
Total assets
3,153
3,316
3,667
-4.9%
10-K for the year ended 31 October 2016, filed 21 December 2016: the filing.