Generac Holdings (GNRC) FY2016 results: revenue $1.4 billion, up 9.9% on the year
Generac Holdings Inc. (GNRC) reported revenue of $1.4 billion for fiscal 2016, the year ended 31 December 2016, up 9.9% on the year before. Net income was $97 million, up 25.0%, and diluted earnings per share $1.47. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$1.4 billion
+9.9% on the year
FY2009FY2016
Operating margin
14.0%
13.6% a year earlier
FY2009FY2016
Net income
$97 million
+25.0% on the year
FY2009FY2016
Diluted EPS
$1.47
+31.2% 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
1,448
1,317
1,461
+9.9%
Cost of revenue
935
857
945
+9.1%
Gross profit
512
460
516
+11.4%
Gross margin
35.4%
34.9%
35.3%
Research and development
37.2
32.9
31.5
+13.1%
Operating income
203
180
293
+12.9%
Operating margin
14.0%
13.6%
20.1%
Interest expense
44.6
42.8
47.2
+4.0%
Pre-tax income
154
123
258
+25.0%
Income tax
56.5
45.2
83.7
+24.9%
Effective tax rate
36.8%
36.8%
32.4%
Net income
97.2
77.7
175
+25.0%
Net margin
6.7%
5.9%
12.0%
Diluted EPS
$1.47
$1.12
$2.49
+31.2%
$ 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
241
189
253
+27.8%
Capital expenditure
30.5
30.7
34.7
-0.6%
Free cash flow
211
158
218
+33.4%
Free cash flow margin
14.6%
12.0%
14.9%
Cash from investing
-93.5
-104
-95.5
Cash from financing
-196
-154
-116
Depreciation and amortisation
54.4
40.3
34.7
+34.9%
Share-based compensation
9.5
8.2
12.6
+15.2%
Buybacks
150
99.9
n/a
+50.0%
Dividends paid
0.1
1.4
0.9
-94.7%
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
65m
69m
70m
-5.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
401
466
490
-13.9%
Non-controlling interest
-0.0
n/a
n/a
Redeemable equity
33.1
n/a
n/a
Debt
1,053
1,046
1,088
+0.6%
Other liabilities
379
266
287
+42.2%
Total liabilities and equity
1,866
1,779
1,864
+4.9%
Fixed assets
213
184
169
+15.5%
Goodwill
705
670
636
+5.2%
Intangible assets
255
257
285
-0.7%
Cash and equivalents
67.3
116
190
-41.9%
Receivables
242
182
189
+32.8%
Inventory
350
325
319
+7.5%
Other assets
34.5
44.4
76.9
-22.2%
Total assets
1,866
1,779
1,864
+4.9%
10-K for the year ended 31 December 2016, filed 26 February 2019: the filing.