LCI Industries (LCII) FY2016 results: revenue $1.7 billion, up 19.7% on the year
LCI Industries (LCII) reported revenue of $1.7 billion for fiscal 2016, the year ended 31 December 2016, up 19.7% on the year before. Net income was $130 million, up 74.4%, and diluted earnings per share $5.20. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$1.7 billion
+19.7% on the year
FY2009FY2016
Operating margin
12.0%
8.3% a year earlier
FY2009FY2016
Net income
$130 million
+74.4% on the year
FY2009FY2016
Diluted EPS
$5.20
+72.2% 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
1,679
1,403
1,191
+19.7%
Cost of revenue
1,250
1,097
936
+13.9%
Gross profit
429
306
255
+40.2%
Gross margin
25.5%
21.8%
21.4%
Selling, general and administrative
228
186
157
+22.6%
Operating income
201
116
95.5
+72.8%
Operating margin
12.0%
8.3%
8.0%
Pre-tax income
199
114
95.1
+74.1%
Income tax
69.5
40.0
32.8
+73.6%
Effective tax rate
34.9%
35.0%
34.5%
Net income
130
74.3
62.3
+74.4%
Net margin
7.7%
5.3%
5.2%
Diluted EPS
$5.20
$3.02
$2.56
+72.2%
$ 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
202
95.0
107
+112.2%
Capital expenditure
44.7
29.0
42.5
+54.1%
Free cash flow
157
66.0
64.6
+137.8%
Free cash flow margin
9.4%
4.7%
5.4%
Cash from investing
-91.7
-66.1
-144
Cash from financing
-36.1
-16.6
-29.2
Depreciation and amortisation
46.2
41.6
32.6
+10.9%
Share-based compensation
15.4
14.0
10.8
+9.8%
Buybacks
0.0
n/a
n/a
Dividends paid
34.4
48.2
n/a
-28.6%
Dividend per share
$1.40
$2.00
$2.00
-30.0%
Diluted shares, weighted
25m
25m
24m
+1.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
550
439
395
+25.5%
Debt
49.9
50.0
15.7
-0.1%
Other liabilities
187
134
133
+38.9%
Total liabilities and equity
787
623
544
+26.3%
Fixed assets
173
151
147
+14.7%
Goodwill
89.2
83.6
66.5
+6.7%
Intangible assets
113
101
97.0
+11.9%
Cash and equivalents
86.2
12.3
0.0
+600.3%
Receivables
57.4
41.5
38.0
+38.2%
Inventory
189
171
132
+10.5%
Other assets
79.7
63.1
63.1
+26.3%
Total assets
787
623
544
+26.3%
10-K for the year ended 31 December 2016, filed 27 February 2019: the filing.