J.B. Hunt Transport Services (JBHT) FY2016 results: revenue $6.6 billion, up 5.9% on the year
J.B. Hunt Transport Services, Inc. (JBHT) reported revenue of $6.6 billion for fiscal 2016, the year ended 31 December 2016, up 5.9% on the year before. Net income was $432 million, up 1.1%, and diluted earnings per share $3.81. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2017.
Revenue
$6.6 billion
+5.9% on the year
FY2009FY2016
Operating margin
11.0%
11.6% a year earlier
FY2009FY2016
Net income
$432 million
+1.1% on the year
FY2009FY2016
Diluted EPS
$3.81
+4.1% 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
6,555
6,188
6,165
+5.9%
Operating income
721
716
632
+0.7%
Operating margin
11.0%
11.6%
10.2%
Interest expense
25.3
25.6
27.0
-1.1%
Pre-tax income
696
690
605
+0.8%
Income tax
264
263
230
+0.3%
Effective tax rate
37.9%
38.1%
38.0%
Net income
432
427
375
+1.1%
Net margin
6.6%
6.9%
6.1%
Diluted EPS
$3.81
$3.66
$3.16
+4.1%
$ 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
854
873
647
-2.2%
Capital expenditure
638
725
809
-12.0%
Free cash flow
216
148
-162
+45.6%
Free cash flow margin
3.3%
2.4%
-2.6%
Cash from investing
-485
-577
-660
Cash from financing
-368
-297
13.0
Depreciation and amortisation
362
340
294
+6.4%
Share-based compensation
40.6
37.2
35.3
+9.1%
Buybacks
250
262
125
-4.8%
Dividends paid
99.0
97.4
93.6
+1.7%
Dividend per share
$0.88
$0.84
$0.80
+4.8%
Diluted shares, weighted
113m
117m
118m
-2.9%
Shares outstanding at period end
111m
114m
117m
-2.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,414
1,300
1,205
+8.7%
Debt
986
1,005
934
-1.9%
Other liabilities
1,550
1,331
1,236
+16.5%
Total liabilities and equity
3,951
3,637
3,374
+8.6%
Fixed assets
2,819
2,701
2,483
+4.3%
Intangible assets
2.4
n/a
n/a
Cash and equivalents
6.4
5.6
6.0
+14.6%
Receivables
745
624
654
+19.4%
Inventory
18.6
23.2
27.7
-19.9%
Other assets
359
282
204
+27.3%
Total assets
3,951
3,637
3,374
+8.6%
10-K for the year ended 31 December 2016, filed 23 February 2017: the filing.