J.B. Hunt Transport Services (JBHT) FY2017 results: revenue $7.2 billion, up 9.7% on the year
J.B. Hunt Transport Services, Inc. (JBHT) reported revenue of $7.2 billion for fiscal 2017, the year ended 31 December 2017, up 9.7% on the year before. Net income was $686 million, up 58.8%, and diluted earnings per share $6.18. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$7.2 billion
+9.7% on the year
FY2010FY2017
Operating margin
8.7%
11.0% a year earlier
FY2010FY2017
Net income
$686 million
+58.8% on the year
FY2010FY2017
Diluted EPS
$6.18
+62.2% 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
7,190
6,555
6,188
+9.7%
Operating income
624
721
716
-13.5%
Operating margin
8.7%
11.0%
11.6%
Interest expense
28.8
25.3
25.6
+13.8%
Pre-tax income
595
696
690
-14.5%
Income tax
-91.0
264
263
Effective tax rate
-15.3%
37.9%
38.1%
Net income
686
432
427
+58.8%
Net margin
9.5%
6.6%
6.9%
Diluted EPS
$6.18
$3.81
$3.66
+62.2%
$ 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
855
854
873
+0.1%
Capital expenditure
527
638
725
-17.5%
Free cash flow
328
216
148
+52.2%
Free cash flow margin
4.6%
3.3%
2.4%
Cash from investing
-651
-485
-577
Cash from financing
-196
-368
-297
Depreciation and amortisation
384
362
340
+6.1%
Share-based compensation
38.3
40.6
37.2
-5.7%
Buybacks
180
250
262
-28.0%
Dividends paid
101
99.0
97.4
+2.4%
Dividend per share
$0.92
$0.88
$0.84
+4.5%
Diluted shares, weighted
111m
113m
117m
-2.0%
Shares outstanding at period end
110m
111m
114m
-1.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,839
1,414
1,300
+30.1%
Debt
1,086
986
1,005
+10.1%
Other liabilities
1,540
1,550
1,331
-0.6%
Total liabilities and equity
4,465
3,951
3,637
+13.0%
Fixed assets
2,983
2,819
2,701
+5.8%
Goodwill
39.8
n/a
n/a
Intangible assets
73.7
2.4
n/a
+3,027.8%
Cash and equivalents
14.6
6.4
5.6
+129.1%
Receivables
921
745
624
+23.5%
Inventory
20.7
18.6
23.2
+11.4%
Other assets
412
359
282
+14.8%
Total assets
4,465
3,951
3,637
+13.0%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.