Jabil (JBL) FY2016 results: revenue $18.4 billion, up 2.5% on the year
Jabil Inc. (JBL) reported revenue of $18.4 billion for fiscal 2016, the year ended 31 August 2016, up 2.5% on the year before. Net income was $254 million, down 10.5%, and diluted earnings per share $1.32. The figures are the company's own, from the 10-K it filed with the SEC on 19 October 2018.
Revenue
$18.4 billion
+2.5% on the year
FY2009FY2016
Operating margin
2.8%
3.1% a year earlier
FY2009FY2016
Net income
$254 million
-10.5% on the year
FY2009FY2016
Diluted EPS
$1.32
-9.0% 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
18,353
17,899
15,762
+2.5%
Cost of revenue
16,825
16,396
14,737
+2.6%
Gross profit
1,528
1,503
1,026
+1.6%
Gross margin
8.3%
8.4%
6.5%
Research and development
32.0
27.6
28.6
+15.6%
Selling, general and administrative
924
863
676
+7.2%
Operating income
523
555
204
-5.9%
Operating margin
2.8%
3.1%
1.3%
Interest expense
137
128
128
+6.6%
Pre-tax income
387
432
72.1
-10.3%
Income tax
132
137
73.7
-3.9%
Effective tax rate
34.1%
31.8%
102.2%
Net income
254
284
241
-10.5%
Net margin
1.4%
1.6%
1.5%
Diluted EPS
$1.32
$1.45
$1.19
-9.0%
$ 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
916
1,240
499
-26.1%
Capital expenditure
924
963
624
-4.0%
Free cash flow
-8.0
277
-125
Free cash flow margin
-0.0%
1.5%
-0.8%
Cash from investing
-1,180
-1,121
60.7
Cash from financing
254
-163
-577
Depreciation and amortisation
697
529
487
+31.7%
Share-based compensation
59.0
62.6
10.6
-5.7%
Buybacks
148
85.6
260
+73.3%
Dividends paid
62.4
63.1
68.2
-1.1%
Dividend per share
$0.32
$0.32
$0.32
0.0%
Diluted shares, weighted
193m
196m
202m
-1.7%
Shares outstanding at period end
187m
192m
194m
-2.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,438
2,315
2,242
+5.3%
Non-controlling interest
19.3
20.2
18.5
-4.1%
Debt
2,120
1,659
1,683
+27.8%
Other liabilities
5,745
5,609
4,537
+2.4%
Total liabilities and equity
10,323
9,603
8,480
+7.5%
Fixed assets
3,332
2,804
2,272
+18.8%
Goodwill
595
462
384
+28.6%
Intangible assets
297
284
244
+4.7%
Cash and equivalents
912
914
1,000
-0.2%
Inventory
2,457
2,507
2,008
-2.0%
Other assets
2,730
2,632
2,572
+3.7%
Total assets
10,323
9,603
8,480
+7.5%
10-K for the year ended 31 August 2016, filed 19 October 2018: the filing.