Jacobs Solutions (J) FY2016 results: revenue $11.0 billion, down 9.5% on the year
Jacobs Solutions Inc. (J) reported revenue of $11.0 billion for fiscal 2016, the year ended 30 September 2016, down 9.5% on the year before. Net income was $210 million, down 30.5%, and diluted earnings per share $1.73. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2016.
Revenue
$11.0 billion
-9.5% on the year
FY2009FY2016
Operating margin
3.1%
3.7% a year earlier
FY2009FY2016
Net income
$210 million
-30.5% on the year
FY2009FY2016
Diluted EPS
$1.73
-27.9% 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
10,964
12,115
12,695
-9.5%
Cost of revenue
9,196
n/a
n/a
Gross profit
1,768
n/a
n/a
Gross margin
16.1%
n/a
n/a
Selling, general and administrative
1,429
1,523
1,546
-6.1%
Operating income
339
446
528
-24.0%
Operating margin
3.1%
3.7%
4.2%
Interest expense
15.3
19.5
11.4
-21.8%
Pre-tax income
287
430
542
-33.3%
Income tax
72.2
101
190
-28.7%
Effective tax rate
25.2%
23.5%
35.1%
Net income
210
303
328
-30.5%
Net margin
1.9%
2.5%
2.6%
Diluted EPS
$1.73
$2.40
$2.48
-27.9%
$ 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
680
485
722
+40.4%
Capital expenditure
67.7
88.4
132
-23.4%
Free cash flow
612
396
590
+54.6%
Free cash flow margin
5.6%
3.3%
4.6%
Cash from investing
-140
-96.1
-1,519
Cash from financing
-317
-553
305
Depreciation and amortisation
82.4
99.9
98.6
-17.6%
Share-based compensation
32.4
41.4
43.4
-21.8%
Buybacks
153
422
78.4
-63.9%
Dividends paid
5.9
n/a
n/a
Diluted shares, weighted
121m
126m
132m
-3.7%
Shares outstanding at period end
121m
123m
132m
-1.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,265
4,292
4,469
-0.6%
Non-controlling interest
64.9
64.7
36.4
+0.3%
Debt
388
598
801
-35.1%
Other liabilities
2,642
2,832
3,147
-6.7%
Total liabilities and equity
7,360
7,786
8,454
-5.5%
Fixed assets
320
381
457
-16.1%
Goodwill
3,080
3,049
3,026
+1.0%
Intangible assets
337
353
440
-4.7%
Cash and equivalents
656
461
733
+42.3%
Receivables
2,116
2,549
2,868
-17.0%
Other assets
852
993
930
-14.1%
Total assets
7,360
7,786
8,454
-5.5%
10-K for the year ended 30 September 2016, filed 22 November 2016: the filing.