Idex (IEX) FY2016 results: revenue $2.1 billion, up 4.6% on the year
Idex Corp. (IEX) reported revenue of $2.1 billion for fiscal 2016, the year ended 31 December 2016, up 4.6% on the year before. Net income was $271 million, down 4.1%, and diluted earnings per share $3.53. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$2.1 billion
+4.6% on the year
FY2009FY2016
Operating margin
19.5%
21.6% a year earlier
FY2009FY2016
Net income
$271 million
-4.1% on the year
FY2009FY2016
Diluted EPS
$3.53
-2.5% 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
2,113
2,021
2,148
+4.6%
Cost of revenue
1,182
1,116
1,198
+5.9%
Gross profit
931
904
949
+2.9%
Gross margin
44.0%
44.8%
44.2%
Research and development
39.4
33.6
36.8
+17.3%
Selling, general and administrative
492
474
504
+3.8%
Operating income
412
437
431
-5.6%
Operating margin
19.5%
21.6%
20.1%
Interest expense
45.6
41.6
41.9
+9.6%
Pre-tax income
369
392
392
-6.1%
Income tax
97.4
110
113
-11.1%
Effective tax rate
26.4%
27.9%
28.8%
Net income
271
283
279
-4.1%
Net margin
12.8%
14.0%
13.0%
Diluted EPS
$3.53
$3.62
$3.45
-2.5%
$ 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
400
360
368
+11.0%
Capital expenditure
38.2
43.8
48.0
-12.6%
Free cash flow
362
317
320
+14.3%
Free cash flow margin
17.1%
15.7%
14.9%
Cash from investing
-509
-210
-72.3
Cash from financing
46.5
-296
-184
Depreciation and amortisation
86.9
78.1
76.9
+11.2%
Share-based compensation
20.3
20.0
20.7
+1.4%
Buybacks
57.3
211
220
-72.8%
Dividends paid
103
96.2
85.7
+6.7%
Dividend per share
$1.36
$1.28
$1.12
+6.3%
Diluted shares, weighted
77m
78m
81m
-1.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,544
1,443
1,486
+7.0%
Short-term borrowings
1.0
1.1
98.9
-3.8%
Debt
1,021
847
864
+20.5%
Other liabilities
589
514
459
+14.7%
Total liabilities and equity
3,155
2,805
2,908
+12.5%
Fixed assets
248
241
220
+2.9%
Goodwill
1,633
1,397
1,321
+16.9%
Intangible assets
436
288
271
+51.3%
Cash and equivalents
236
328
509
-28.1%
Receivables
273
260
256
+4.9%
Inventory
253
239
238
+5.7%
Other assets
77.4
53.0
93.3
+46.1%
Total assets
3,155
2,805
2,908
+12.5%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.