Koppers Holdings (KOP) FY2017 results: revenue $1.5 billion, up 4.2% on the year
Koppers Holdings Inc. (KOP) reported revenue of $1.5 billion for fiscal 2017, the year ended 31 December 2017, up 4.2% on the year before. Net income was $29 million, down 0.7%, and diluted earnings per share $1.32. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$1.5 billion
+4.2% on the year
FY2010FY2017
Operating margin
8.4%
6.6% a year earlier
FY2010FY2017
Net income
$29 million
-0.7% on the year
FY2010FY2017
Diluted EPS
$1.32
-5.0% 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
1,476
1,416
1,627
+4.2%
Cost of revenue
1,154
1,128
1,367
+2.3%
Gross profit
321
288
260
+11.5%
Gross margin
21.8%
20.4%
16.0%
Research and development
9.0
6.6
5.2
+36.4%
Selling, general and administrative
132
126
125
+5.4%
Operating income
124
93.4
-29.6
+32.3%
Operating margin
8.4%
6.6%
-1.8%
Interest expense
42.5
50.8
50.7
-16.3%
Pre-tax income
60.3
38.5
-80.1
+56.6%
Income tax
29.0
11.4
-4.2
+154.4%
Effective tax rate
48.1%
29.6%
n/a
Net income
29.1
29.3
-72.0
-0.7%
Net margin
2.0%
2.1%
-4.4%
Diluted EPS
$1.32
$1.39
-$3.51
-5.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
102
120
128
-14.8%
Capital expenditure
67.5
49.9
40.7
+35.3%
Free cash flow
34.3
69.6
87.0
-50.7%
Free cash flow margin
2.3%
4.9%
5.3%
Cash from investing
-56.5
-53.7
-41.1
Cash from financing
-5.9
-62.7
-123
Depreciation and amortisation
49.8
52.9
59.0
-5.9%
Share-based compensation
10.6
8.9
3.8
+19.1%
Buybacks
5.2
0.3
0.3
+1,633.3%
Dividends paid
0.0
0.0
8.7
Dividend per share
n/a
$0.00
$0.00
Diluted shares, weighted
22m
21m
21m
+4.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
99.9
30.4
-18.5
+228.6%
Non-controlling interest
5.9
4.2
6.1
+40.5%
Debt
689
671
735
+2.6%
Other liabilities
406
382
390
+6.3%
Total liabilities and equity
1,200
1,088
1,113
+10.4%
Fixed assets
328
281
278
+16.8%
Goodwill
188
186
187
+1.0%
Intangible assets
130
142
156
-8.7%
Cash and equivalents
50.9
20.8
21.8
+144.7%
Receivables
159
137
155
+16.4%
Inventory
237
229
226
+3.6%
Other assets
107
92.1
89.2
+16.6%
Total assets
1,200
1,088
1,113
+10.4%
10-K for the year ended 31 December 2017, filed 1 March 2019: the filing.