Invesco (IVZ) FY2016 results: revenue $4.7 billion, down 7.6% on the year
Invesco Ltd. (IVZ) reported revenue of $4.7 billion for fiscal 2016, the year ended 31 December 2016, down 7.6% on the year before. Net income was $854 million, down 11.8%, and diluted earnings per share $2.06. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$4.7 billion
-7.6% on the year
FY2009FY2016
Operating margin
24.3%
26.5% a year earlier
FY2009FY2016
Net income
$854 million
-11.8% on the year
FY2009FY2016
Diluted EPS
$2.06
-8.8% 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
4,734
5,123
5,147
-7.6%
Operating income
1,152
1,358
1,277
-15.2%
Operating margin
24.3%
26.5%
24.8%
Interest expense
93.4
81.7
73.1
+14.3%
Pre-tax income
1,207
1,362
1,395
-11.4%
Income tax
338
398
391
-15.0%
Effective tax rate
28.0%
29.2%
28.0%
Net income
854
968
988
-11.8%
Net margin
18.0%
18.9%
19.2%
Diluted EPS
$2.06
$2.26
$2.27
-8.8%
$ 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
654
1,128
1,200
-42.0%
Capital expenditure
148
124
133
+18.6%
Free cash flow
506
1,004
1,067
-49.6%
Free cash flow margin
10.7%
19.6%
20.7%
Cash from investing
-1,006
-665
-1,827
Cash from financing
470
-51.6
862
Depreciation and amortisation
101
93.6
89.4
+8.1%
Share-based compensation
160
150
138
+6.3%
Buybacks
535
624
270
-14.2%
Dividends paid
460
454
424
+1.3%
Dividend per share
$1.11
$1.06
$0.97
+4.7%
Diluted shares, weighted
415m
429m
436m
-3.3%
Shares outstanding at period end
404m
418m
430m
-3.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
7,504
7,885
8,326
-4.8%
Non-controlling interest
108
810
794
-86.7%
Redeemable equity
284
167
166
+69.6%
Debt
2,102
2,073
1,577
+1.4%
Other liabilities
15,736
14,137
9,600
+11.3%
Total liabilities and equity
25,734
25,073
20,462
+2.6%
Fixed assets
465
427
403
+8.9%
Goodwill
6,129
6,176
6,579
-0.8%
Intangible assets
1,399
1,354
1,247
+3.4%
Cash and equivalents
1,328
1,851
1,514
-28.3%
Other assets
16,413
15,265
10,720
+7.5%
Total assets
25,734
25,073
20,462
+2.6%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.