Hubbell (HUBB) FY2016 results: revenue $3.5 billion, up 3.4% on the year
Hubbell Inc. (HUBB) reported revenue of $3.5 billion for fiscal 2016, the year ended 31 December 2016, up 3.4% on the year before. Net income was $293 million, up 5.7%, and diluted earnings per share $5.24. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$3.5 billion
+3.4% on the year
FY2009FY2016
Operating margin
14.0%
14.0% a year earlier
FY2009FY2016
Net income
$293 million
+5.7% on the year
FY2009FY2016
Diluted EPS
$5.24
+9.9% 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
3,505
3,390
3,359
+3.4%
Cost of revenue
2,404
2,299
2,250
+4.6%
Gross profit
1,105
1,092
1,109
+1.2%
Gross margin
31.5%
32.2%
33.0%
Selling, general and administrative
615
617
592
-0.3%
Operating income
490
475
517
+3.2%
Operating margin
14.0%
14.0%
15.4%
Interest expense
43.4
31.0
31.2
+40.0%
Pre-tax income
430
419
486
+2.8%
Income tax
133
136
158
-2.9%
Effective tax rate
30.8%
32.6%
32.6%
Net income
293
277
325
+5.7%
Net margin
8.4%
8.2%
9.7%
Diluted EPS
$5.24
$4.77
$5.48
+9.9%
$ 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
411
339
392
+21.1%
Capital expenditure
67.2
77.1
60.3
-12.8%
Free cash flow
344
262
331
+31.1%
Free cash flow margin
9.8%
7.7%
9.9%
Cash from investing
-230
-249
-243
Cash from financing
-59.4
-379
-216
Depreciation and amortisation
90.9
85.2
79.2
+6.7%
Share-based compensation
22.3
17.0
16.4
+31.2%
Buybacks
247
79.1
106
+212.0%
Dividends paid
144
134
121
+7.7%
Dividend per share
$2.59
$2.31
$2.06
+12.1%
Diluted shares, weighted
56m
58m
59m
-4.0%
Shares outstanding at period end
56m
58m
0
-4.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,593
1,741
1,927
-8.5%
Non-controlling interest
10.4
8.4
8.6
+23.8%
Short-term borrowings
3.2
n/a
1.4
Debt
990
644
595
+53.8%
Other liabilities
928
816
791
+13.8%
Total liabilities and equity
3,525
3,209
3,323
+9.9%
Fixed assets
440
420
401
+4.8%
Goodwill
991
928
875
+6.7%
Intangible assets
432
372
323
+15.9%
Investments
67.6
61.7
51.9
+9.6%
Trading assets
10.2
9.7
8.9
+5.2%
Cash and equivalents
438
344
654
+27.4%
Receivables
530
467
470
+13.6%
Inventory
532
540
442
-1.4%
Other assets
84.9
66.8
97.8
+27.1%
Total assets
3,525
3,209
3,323
+9.9%
10-K for the year ended 31 December 2016, filed 15 February 2019: the filing.