Interparfums (IPAR) FY2016 results: revenue $521 million, up 11.2% on the year
Interparfums Inc. (IPAR) reported revenue of $521 million for fiscal 2016, the year ended 31 December 2016, up 11.2% on the year before. Net income was $33 million, up 9.5%, and diluted earnings per share $1.07. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$521 million
+11.2% on the year
FY2009FY2016
Operating margin
12.8%
13.1% a year earlier
FY2009FY2016
Net income
$33 million
+9.5% on the year
FY2009FY2016
Diluted EPS
$1.07
+9.2% 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
521
469
499
+11.2%
Cost of revenue
195
179
212
+8.7%
Gross profit
326
289
287
+12.8%
Gross margin
62.7%
61.8%
57.5%
Selling, general and administrative
259
228
234
+13.4%
Operating income
66.7
61.2
53.4
+8.9%
Operating margin
12.8%
13.1%
10.7%
Interest expense
2.3
2.8
1.5
-17.2%
Pre-tax income
67.1
60.5
56.7
+10.9%
Income tax
23.8
21.5
19.4
+10.7%
Effective tax rate
35.5%
35.6%
34.2%
Net income
33.3
30.4
29.4
+9.5%
Net margin
6.4%
6.5%
5.9%
Diluted EPS
$1.07
$0.98
$0.95
+9.2%
$ 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
54.6
50.1
36.6
+8.9%
Capital expenditure
4.8
4.2
3.3
+14.9%
Free cash flow
49.8
45.9
33.3
+8.4%
Free cash flow margin
9.6%
9.8%
6.7%
Cash from investing
-20.4
-34.6
n/a
Cash from financing
-44.6
81.8
n/a
Depreciation and amortisation
3.7
3.3
3.3
+12.1%
Share-based compensation
1.2
0.8
0.9
+52.2%
Buybacks
0.1
0.0
0.1
+140.6%
Dividends paid
18.0
15.8
14.8
+14.0%
Dividend per share
$0.62
$0.52
$0.48
+19.2%
Diluted shares, weighted
31m
31m
31m
+0.2%
Shares outstanding at period end
31m
31m
31m
+0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
370
366
382
+1.3%
Non-controlling interest
113
111
117
+2.2%
Debt
74.6
98.6
0.3
-24.4%
Other liabilities
124
113
105
+10.2%
Total liabilities and equity
682
688
605
-0.8%
Fixed assets
10.1
9.3
9.2
+8.0%
Intangible assets
184
201
98.5
-8.7%
Investments
94.2
82.8
190
+13.7%
Cash and equivalents
162
177
90.1
-8.6%
Receivables
105
95.1
90.1
+10.2%
Inventory
97.0
98.3
102
-1.4%
Other assets
30.6
23.7
24.0
+29.0%
Total assets
682
688
605
-0.8%
10-K for the year ended 31 December 2016, filed 1 March 2019: the filing.