Louisiana-Pacific (LPX) FY2016 results: revenue $2.2 billion, up 18.0% on the year
Louisiana-Pacific Corp. (LPX) reported revenue of $2.2 billion for fiscal 2016, the year ended 31 December 2016, up 18.0% on the year before. Net income was $150 million, and diluted earnings per share $1.03. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2019.
Revenue
$2.2 billion
+18.0% on the year
FY2009FY2016
Operating margin
9.4%
-3.3% a year earlier
FY2009FY2016
Net income
$150 million
FY2009FY2016
Diluted EPS
$1.03
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
2,233
1,892
1,935
+18.0%
Cost of revenue
1,829
1,683
1,758
+8.7%
Gross profit
404
210
177
+92.7%
Gross margin
18.1%
11.1%
9.1%
Selling, general and administrative
185
153
150
+21.1%
Operating income
210
-63.3
-77.6
Operating margin
9.4%
-3.3%
-4.0%
Interest expense
32.1
31.2
29.8
+2.9%
Pre-tax income
170
-88.7
-101
Income tax
19.8
-2.7
-27.2
Effective tax rate
11.6%
n/a
n/a
Net income
150
-88.1
-75.4
Net margin
6.7%
-4.7%
-3.9%
Diluted EPS
$1.03
-$0.62
-$0.53
$ 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
342
29.2
-52.9
+1,072.3%
Capital expenditure
125
114
80.1
+9.7%
Free cash flow
218
-84.6
-133
Free cash flow margin
9.7%
-4.5%
-6.9%
Cash from investing
285
-116
-63.5
Cash from financing
-407
-4.4
-3.9
Depreciation and amortisation
3.2
0.0
0.0
Share-based compensation
13.0
9.3
9.4
+39.8%
Buybacks
0.0
n/a
n/a
Dividends paid
0.0
n/a
n/a
Diluted shares, weighted
145m
142m
141m
+2.0%
Shares outstanding at period end
143m
n/a
n/a
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,196
1,017
1,116
+17.6%
Debt
377
754
762
-50.0%
Other liabilities
458
405
476
+13.1%
Total liabilities and equity
2,031
2,176
2,354
-6.7%
Fixed assets
891
862
851
+3.4%
Goodwill
9.7
9.7
9.7
0.0%
Investments
n/a
n/a
4.6
Cash and equivalents
659
435
533
+51.7%
Receivables
108
96.4
108
+12.3%
Inventory
235
222
230
+5.7%
Other assets
128
551
618
-76.8%
Total assets
2,031
2,176
2,354
-6.7%
10-K for the year ended 31 December 2016, filed 14 February 2019: the filing.