Interparfums (IPAR) FY2017 results: revenue $591 million, up 13.5% on the year
Interparfums Inc. (IPAR) reported revenue of $591 million for fiscal 2017, the year ended 31 December 2017, up 13.5% on the year before. Net income was $42 million, up 24.8%, and diluted earnings per share $1.33. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$591 million
+13.5% on the year
FY2010FY2017
Operating margin
13.3%
12.8% a year earlier
FY2010FY2017
Net income
$42 million
+24.8% on the year
FY2010FY2017
Diluted EPS
$1.33
+24.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
591
521
469
+13.5%
Cost of revenue
215
195
179
+10.5%
Gross profit
376
326
289
+15.3%
Gross margin
63.6%
62.7%
61.8%
Selling, general and administrative
296
259
228
+14.2%
Operating income
78.6
66.7
61.2
+17.9%
Operating margin
13.3%
12.8%
13.1%
Interest expense
2.0
2.3
2.8
-14.9%
Pre-tax income
78.1
67.1
60.5
+16.4%
Income tax
22.8
23.8
21.5
-4.3%
Effective tax rate
29.2%
35.5%
35.6%
Net income
41.6
33.3
30.4
+24.8%
Net margin
7.0%
6.4%
6.5%
Diluted EPS
$1.33
$1.07
$0.98
+24.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
35.9
54.6
50.1
-34.2%
Capital expenditure
3.0
4.8
4.2
-36.7%
Free cash flow
32.9
49.8
45.9
-34.0%
Free cash flow margin
5.6%
9.6%
9.8%
Cash from investing
36.9
-20.4
-34.6
Cash from financing
-47.6
-44.6
81.8
Depreciation and amortisation
3.8
3.7
3.3
+2.7%
Share-based compensation
2.1
1.2
0.8
+74.7%
Buybacks
n/a
0.1
0.0
Dividends paid
21.2
18.0
15.8
+17.6%
Dividend per share
$0.72
$0.62
$0.52
+16.1%
Diluted shares, weighted
31m
31m
31m
+0.4%
Shares outstanding at period end
31m
31m
31m
+0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
433
370
366
+17.0%
Non-controlling interest
137
113
111
+21.3%
Debt
60.6
74.6
98.6
-18.8%
Other liabilities
147
124
113
+18.0%
Total liabilities and equity
778
682
688
+14.0%
Fixed assets
10.3
10.1
9.3
+2.5%
Intangible assets
200
184
201
+9.0%
Investments
69.9
94.2
82.8
-25.8%
Cash and equivalents
208
162
177
+28.7%
Receivables
121
105
95.1
+15.2%
Inventory
137
97.0
98.3
+41.3%
Other assets
30.9
30.6
23.7
+0.8%
Total assets
778
682
688
+14.0%
10-K for the year ended 31 December 2017, filed 1 March 2019: the filing.