Lennox International (LII) FY2016 results: revenue $3.6 billion, up 5.0% on the year
Lennox International Inc. (LII) reported revenue of $3.6 billion for fiscal 2016, the year ended 31 December 2016, up 5.0% on the year before. Net income was $278 million, up 48.9%, and diluted earnings per share $6.32. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2019.
Revenue
$3.6 billion
+5.0% on the year
FY2009FY2016
Operating margin
11.8%
8.8% a year earlier
FY2009FY2016
Net income
$278 million
+48.9% on the year
FY2009FY2016
Diluted EPS
$6.32
+54.5% 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
3,642
3,467
3,367
+5.0%
Cost of revenue
2,565
2,520
2,464
+1.8%
Gross profit
1,076
947
903
+13.6%
Gross margin
29.6%
27.3%
26.8%
Research and development
64.6
62.3
60.7
+3.7%
Selling, general and administrative
621
580
574
+7.0%
Operating income
429
305
335
+40.6%
Operating margin
11.8%
8.8%
9.9%
Interest expense
27.0
23.6
17.2
+14.4%
Pre-tax income
403
283
318
+42.5%
Income tax
124
95.4
110
+30.1%
Effective tax rate
30.8%
33.8%
34.5%
Net income
278
187
206
+48.9%
Net margin
7.6%
5.4%
6.1%
Diluted EPS
$6.32
$4.09
$4.23
+54.5%
$ 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
374
354
185
+5.7%
Capital expenditure
84.3
69.9
88.4
+20.6%
Free cash flow
290
284
96.4
+2.1%
Free cash flow margin
8.0%
8.2%
2.9%
Cash from investing
-84.1
-69.8
-87.3
Cash from financing
-275
-271
-89.5
Depreciation and amortisation
58.1
62.8
60.8
-7.5%
Share-based compensation
31.7
26.6
23.3
+19.2%
Buybacks
300
0.0
550
Dividends paid
69.0
59.3
52.6
+16.4%
Dividend per share
$1.65
$1.38
$1.14
+19.6%
Diluted shares, weighted
44m
46m
49m
-3.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
38.0
102
9.0
-62.6%
Non-controlling interest
0.4
0.4
0.6
0.0%
Debt
868
741
926
+17.2%
Other liabilities
854
837
829
+2.0%
Total liabilities and equity
1,760
1,680
1,764
+4.8%
Fixed assets
361
340
359
+6.4%
Goodwill
195
195
209
0.0%
Intangible assets
7.3
6.2
27.8
+17.7%
Cash and equivalents
50.2
38.9
37.5
+29.0%
Receivables
470
423
421
+11.1%
Inventory
418
419
463
-0.1%
Other assets
258
259
246
-0.3%
Total assets
1,760
1,680
1,764
+4.8%
10-K for the year ended 31 December 2016, filed 19 February 2019: the filing.