LCI Industries (LCII) FY2017 results: revenue $2.1 billion, up 27.9% on the year
LCI Industries (LCII) reported revenue of $2.1 billion for fiscal 2017, the year ended 31 December 2017, up 27.9% on the year before. Net income was $133 million, up 2.5%, and diluted earnings per share $5.24. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$2.1 billion
+27.9% on the year
FY2010FY2017
Operating margin
10.0%
12.0% a year earlier
FY2010FY2017
Net income
$133 million
+2.5% on the year
FY2010FY2017
Diluted EPS
$5.24
+0.8% 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
2,148
1,679
1,403
+27.9%
Cost of revenue
1,655
1,250
1,097
+32.4%
Gross profit
493
429
306
+15.0%
Gross margin
23.0%
25.5%
21.8%
Selling, general and administrative
279
228
186
+22.3%
Operating income
214
201
116
+6.7%
Operating margin
10.0%
12.0%
8.3%
Pre-tax income
213
199
114
+6.9%
Income tax
80.0
69.5
40.0
+15.0%
Effective tax rate
37.6%
34.9%
35.0%
Net income
133
130
74.3
+2.5%
Net margin
6.2%
7.7%
5.3%
Diluted EPS
$5.24
$5.20
$3.02
+0.8%
$ 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
153
202
95.0
-24.3%
Capital expenditure
87.2
44.7
29.0
+95.3%
Free cash flow
65.5
157
66.0
-58.3%
Free cash flow margin
3.0%
9.4%
4.7%
Cash from investing
-146
-91.7
-66.1
Cash from financing
-66.9
-36.1
-16.6
Depreciation and amortisation
54.7
46.2
41.6
+18.5%
Share-based compensation
20.0
15.4
14.0
+29.9%
Buybacks
0.0
0.0
n/a
Dividends paid
51.1
34.4
48.2
+48.3%
Dividend per share
$2.05
$1.40
$2.00
+46.4%
Diluted shares, weighted
25m
25m
25m
+1.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
653
550
439
+18.6%
Debt
49.9
49.9
50.0
-0.1%
Other liabilities
243
187
134
+30.3%
Total liabilities and equity
946
787
623
+20.2%
Fixed assets
229
173
151
+32.5%
Goodwill
124
89.2
83.6
+39.2%
Intangible assets
130
113
101
+15.2%
Cash and equivalents
26.0
86.2
12.3
-69.8%
Receivables
82.2
57.4
41.5
+43.2%
Inventory
275
189
171
+45.6%
Other assets
79.6
79.7
63.1
-0.1%
Total assets
946
787
623
+20.2%
10-K for the year ended 31 December 2017, filed 27 February 2019: the filing.