Koppers Holdings (KOP) FY2016 results: revenue $1.4 billion, down 13.0% on the year
Koppers Holdings Inc. (KOP) reported revenue of $1.4 billion for fiscal 2016, the year ended 31 December 2016, down 13.0% on the year before. Net income was $29 million, and diluted earnings per share $1.39. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$1.4 billion
-13.0% on the year
FY2009FY2016
Operating margin
6.6%
-1.8% a year earlier
FY2009FY2016
Net income
$29 million
FY2009FY2016
Diluted EPS
$1.39
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
1,416
1,627
1,555
-13.0%
Cost of revenue
1,128
1,367
1,344
-17.5%
Gross profit
288
260
211
+10.8%
Gross margin
20.4%
16.0%
13.6%
Research and development
6.6
5.2
3.4
+26.9%
Selling, general and administrative
126
125
116
+0.9%
Operating income
93.4
-29.6
33.2
Operating margin
6.6%
-1.8%
2.1%
Interest expense
50.8
50.7
39.1
+0.2%
Pre-tax income
38.5
-80.1
-5.9
Income tax
11.4
-4.2
34.1
Effective tax rate
29.6%
n/a
n/a
Net income
29.3
-72.0
-32.4
Net margin
2.1%
-4.4%
-2.1%
Diluted EPS
$1.39
-$3.51
-$1.58
$ 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
120
128
35.5
-6.4%
Capital expenditure
49.9
40.7
83.8
+22.6%
Free cash flow
69.6
87.0
-48.3
-20.0%
Free cash flow margin
4.9%
5.3%
-3.1%
Cash from investing
-53.7
-41.1
-580
Cash from financing
-62.7
-123
516
Depreciation and amortisation
52.9
59.0
44.0
-10.3%
Share-based compensation
8.9
3.8
4.7
+134.2%
Buybacks
0.3
0.3
2.0
0.0%
Dividends paid
0.0
8.7
20.4
Dividend per share
$0.00
$0.00
$1.00
Diluted shares, weighted
21m
21m
20m
+2.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
30.4
-18.5
70.0
Non-controlling interest
4.2
6.1
13.9
-31.1%
Debt
671
735
850
-8.7%
Other liabilities
382
390
360
-2.2%
Total liabilities and equity
1,088
1,113
1,294
-2.3%
Fixed assets
281
278
300
+1.1%
Goodwill
186
187
247
-0.1%
Intangible assets
142
156
168
-9.1%
Cash and equivalents
20.8
21.8
51.1
-4.6%
Receivables
137
155
199
-11.7%
Inventory
229
226
241
+1.0%
Other assets
92.1
89.2
88.3
+3.3%
Total assets
1,088
1,113
1,294
-2.3%
10-K for the year ended 31 December 2016, filed 1 March 2019: the filing.