Jacobs Solutions (J) FY2017 results: revenue $6.3 billion, down 42.3% on the year
Jacobs Solutions Inc. (J) reported revenue of $6.3 billion for fiscal 2017, the year ended 29 September 2017, down 42.3% on the year before. Net income was $294 million, up 39.6%, and diluted earnings per share $2.42. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2017.
Revenue
$6.3 billion
-42.3% on the year
FY2010FY2017
Operating margin
3.9%
3.1% a year earlier
FY2010FY2017
Net income
$294 million
+39.6% on the year
FY2010FY2017
Diluted EPS
$2.42
+39.9% 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
6,330
10,964
12,115
-42.3%
Cost of revenue
5,070
9,196
n/a
-44.9%
Gross profit
1,260
1,768
n/a
-28.7%
Gross margin
19.9%
16.1%
n/a
Selling, general and administrative
1,016
1,429
1,523
-28.9%
Operating income
244
339
446
-27.9%
Operating margin
3.9%
3.1%
3.7%
Interest expense
12.0
15.3
19.5
-21.1%
Pre-tax income
243
287
430
-15.2%
Income tax
73.1
72.2
101
+1.2%
Effective tax rate
30.1%
25.2%
23.5%
Net income
294
210
303
+39.6%
Net margin
4.6%
1.9%
2.5%
Diluted EPS
$2.42
$1.73
$2.40
+39.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
575
680
485
-15.5%
Capital expenditure
118
67.7
88.4
+74.4%
Free cash flow
457
612
396
-25.4%
Free cash flow margin
7.2%
5.6%
3.3%
Cash from investing
-236
-140
-96.1
Cash from financing
-243
-317
-553
Depreciation and amortisation
76.4
82.4
99.9
-7.2%
Share-based compensation
38.8
32.4
41.4
+19.8%
Buybacks
97.2
153
422
-36.3%
Dividends paid
58.8
5.9
n/a
+904.2%
Diluted shares, weighted
120m
121m
126m
-1.1%
Shares outstanding at period end
120m
121m
123m
-0.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
4,428
4,265
4,292
+3.8%
Non-controlling interest
59.0
64.9
64.7
-9.1%
Debt
238
388
598
-38.6%
Other liabilities
2,655
2,642
2,832
+0.5%
Total liabilities and equity
7,381
7,360
7,786
+0.3%
Fixed assets
350
320
381
+9.5%
Goodwill
3,010
3,080
3,049
-2.3%
Intangible assets
333
337
353
-1.2%
Cash and equivalents
608
656
461
-7.3%
Receivables
2,103
2,116
2,549
-0.6%
Other assets
978
852
993
+14.7%
Total assets
7,381
7,360
7,786
+0.3%
10-K for the year ended 29 September 2017, filed 21 November 2017: the filing.