HCI Group (HCI) FY2016 results: revenue $264 million, down 7.5% on the year
HCI Group, Inc. (HCI) reported revenue of $264 million for fiscal 2016, the year ended 31 December 2016, down 7.5% on the year before. Net income was $29 million, down 55.9%, and diluted earnings per share $2.92. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2017.
Revenue
$264 million
-7.5% on the year
FY2010FY2016
Operating margin
17.7%
37.1% a year earlier
FY2010FY2016
Net income
$29 million
-55.9% on the year
FY2010FY2016
Diluted EPS
$2.92
-50.5% on the year
FY2010FY2016
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
264
286
266
-7.5%
Operating income
46.9
106
101
-55.9%
Operating margin
17.7%
37.1%
37.9%
Interest expense
11.1
10.8
10.5
+3.0%
Pre-tax income
46.9
106
101
-55.9%
Income tax
17.8
40.3
38.3
-55.8%
Effective tax rate
38.1%
38.0%
37.9%
Net income
29.0
65.9
62.7
-55.9%
Net margin
11.0%
23.0%
23.5%
Diluted EPS
$2.92
$5.90
$5.36
-50.5%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
88.3
45.3
88.7
+94.9%
Capital expenditure
0.9
0.8
0.5
+3.0%
Free cash flow
87.4
44.4
88.3
+96.7%
Free cash flow margin
33.1%
15.5%
33.2%
Cash from investing
-49.0
n/a
n/a
Cash from financing
-26.2
n/a
n/a
Depreciation and amortisation
1.3
1.3
1.3
-4.9%
Share-based compensation
4.2
5.2
8.1
-19.5%
Buybacks
0.5
0.8
0.6
-41.4%
Dividends paid
12.4
12.4
12.4
+0.1%
Dividend per share
$1.20
$1.20
$1.10
0.0%
Diluted shares, weighted
11m
11m
12m
-4.2%
Shares outstanding at period end
10m
10m
10m
-6.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
244
238
183
+2.5%
Debt
139
129
130
+7.3%
Other liabilities
287
270
286
+6.5%
Total liabilities and equity
670
637
599
+5.2%
Fixed assets
11.4
11.8
12.3
-3.5%
Intangible assets
4.9
n/a
n/a
Securities held for sale or to maturity
166
125
97.1
+33.0%
Cash and equivalents
281
268
315
+4.8%
Other assets
207
232
174
-10.9%
Total assets
670
637
599
+5.2%
10-K for the year ended 31 December 2016, filed 22 February 2017: the filing.