Jabil (JBL) FY2017 results: revenue $19.1 billion, up 3.9% on the year
Jabil Inc. (JBL) reported revenue of $19.1 billion for fiscal 2017, the year ended 31 August 2017, up 3.9% on the year before. Net income was $129 million, down 49.2%, and diluted earnings per share $0.69. The figures are the company's own, from the 10-K it filed with the SEC on 19 October 2018.
Revenue
$19.1 billion
+3.9% on the year
FY2010FY2017
Operating margin
2.2%
2.8% a year earlier
FY2010FY2017
Net income
$129 million
-49.2% on the year
FY2010FY2017
Diluted EPS
$0.69
-47.7% 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
19,063
18,353
17,899
+3.9%
Cost of revenue
17,517
16,825
16,396
+4.1%
Gross profit
1,546
1,528
1,503
+1.2%
Gross margin
8.1%
8.3%
8.4%
Research and development
29.7
32.0
27.6
-7.1%
Selling, general and administrative
908
924
863
-1.8%
Operating income
410
523
555
-21.5%
Operating margin
2.2%
2.8%
3.1%
Interest expense
138
137
128
+1.1%
Pre-tax income
256
387
432
-33.8%
Income tax
129
132
137
-2.3%
Effective tax rate
50.4%
34.1%
31.8%
Net income
129
254
284
-49.2%
Net margin
0.7%
1.4%
1.6%
Diluted EPS
$0.69
$1.32
$1.45
-47.7%
$ 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
-1,464
916
1,240
Capital expenditure
716
924
963
-22.5%
Free cash flow
-2,181
-8.0
277
Free cash flow margin
-11.4%
-0.0%
1.5%
Cash from investing
2,141
-1,180
-1,121
Cash from financing
-405
254
-163
Depreciation and amortisation
760
697
529
+9.1%
Share-based compensation
48.5
59.0
62.6
-17.7%
Buybacks
307
148
85.6
+106.7%
Dividends paid
60.0
62.4
63.1
-4.0%
Dividend per share
$0.32
$0.32
$0.32
0.0%
Diluted shares, weighted
186m
193m
196m
-3.6%
Shares outstanding at period end
178m
187m
192m
-5.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,354
2,438
2,315
-3.5%
Non-controlling interest
14.8
19.3
20.2
-23.3%
Debt
2,050
2,120
1,659
-3.3%
Other liabilities
6,677
5,745
5,609
+16.2%
Total liabilities and equity
11,096
10,323
9,603
+7.5%
Fixed assets
3,229
3,332
2,804
-3.1%
Goodwill
608
595
462
+2.3%
Intangible assets
285
297
284
-4.2%
Cash and equivalents
1,190
912
914
+30.5%
Inventory
2,942
2,457
2,507
+19.8%
Other assets
2,843
2,730
2,632
+4.1%
Total assets
11,096
10,323
9,603
+7.5%
10-K for the year ended 31 August 2017, filed 19 October 2018: the filing.