Johnson Controls International (JCI) FY2016 results: revenue $20.8 billion, up 21.9% on the year
Johnson Controls International plc (JCI) reported revenue of $20.8 billion for fiscal 2016, the year ended 30 September 2016, up 21.9% on the year before. Net income was -$868 million, and diluted earnings per share $-1.30. The figures are the company's own, from the 10-K it filed with the SEC on 23 November 2016.
Revenue
$20.8 billion
+21.9% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
-$868 million
FY2009FY2016
Diluted EPS
-$1.30
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
20,837
17,100
16,717
+21.9%
Cost of revenue
15,183
12,569
12,405
+20.8%
Gross profit
5,654
4,531
4,312
+24.8%
Gross margin
27.1%
26.5%
25.8%
Research and development
158
134
n/a
+17.9%
Selling, general and administrative
4,190
3,191
2,994
+31.3%
Interest expense
293
275
238
+6.5%
Pre-tax income
1,061
931
1,037
+14.0%
Income tax
197
71.0
93.0
+177.5%
Effective tax rate
18.6%
7.6%
9.0%
Net income
-868
1,563
1,215
Net margin
-4.2%
9.1%
7.3%
Diluted EPS
-$1.30
$2.36
$1.80
$ 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
1,908
1,600
2,395
+19.2%
Capital expenditure
1,249
1,135
1,199
+10.0%
Free cash flow
659
465
1,196
+41.7%
Free cash flow margin
3.2%
2.7%
7.2%
Cash from investing
-887
470
-2,593
Cash from financing
-946
-1,821
-412
Depreciation and amortisation
953
860
955
+10.8%
Share-based compensation
142
90.0
82.0
+57.8%
Buybacks
501
1,362
1,249
-63.2%
Dividends paid
915
657
568
+39.3%
Dividend per share
$1.16
$1.04
$0.88
+11.5%
Diluted shares, weighted
667m
662m
675m
+0.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
24,118
10,335
11,270
+133.4%
Non-controlling interest
972
163
n/a
+496.3%
Redeemable equity
234
212
n/a
+10.4%
Short-term borrowings
n/a
35.0
n/a
Debt
12,759
5,367
n/a
+137.7%
Other liabilities
25,170
13,510
n/a
+86.3%
Total liabilities and equity
63,253
29,622
n/a
+113.5%
Fixed assets
5,632
3,683
3,847
+52.9%
Goodwill
21,024
4,460
4,571
+371.4%
Intangible assets
7,540
1,387
n/a
+443.6%
Cash and equivalents
579
553
364
+4.7%
Receivables
6,394
3,617
n/a
+76.8%
Inventory
2,888
1,665
n/a
+73.5%
Other assets
19,196
14,257
24,030
+34.6%
Total assets
63,253
29,622
32,812
+113.5%
10-K for the year ended 30 September 2016, filed 23 November 2016: the filing.