Matson (MATX) FY2016 results: revenue $1.9 billion, up 3.0% on the year
Matson, Inc. (MATX) reported revenue of $1.9 billion for fiscal 2016, the year ended 31 December 2016, up 3.0% on the year before. Net income was $81 million, down 21.0%, and diluted earnings per share $1.87. The figures are the company's own, from the 10-K it filed with the SEC on 4 March 2019.
Revenue
$1.9 billion
+3.0% on the year
FY2009FY2016
Operating margin
8.1%
10.4% a year earlier
FY2009FY2016
Net income
$81 million
-21.0% on the year
FY2009FY2016
Diluted EPS
$1.87
-20.1% 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
1,942
1,885
1,714
+3.0%
Selling, general and administrative
183
195
147
-6.1%
Operating income
157
196
140
-20.2%
Operating margin
8.1%
10.4%
8.2%
Interest expense
24.1
18.5
17.3
+30.3%
Pre-tax income
130
178
123
-26.6%
Income tax
49.1
74.8
51.9
-34.4%
Effective tax rate
37.6%
42.1%
42.3%
Net income
81.4
103
70.8
-21.0%
Net margin
4.2%
5.5%
4.1%
Diluted EPS
$1.87
$2.34
$1.63
-20.1%
$ 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
158
245
166
-35.7%
Capital expenditure
179
67.8
27.9
+164.6%
Free cash flow
-21.6
178
138
Free cash flow margin
-1.1%
9.4%
8.0%
Cash from investing
-321
-63.8
n/a
Cash from financing
151
-449
n/a
Depreciation and amortisation
97.1
83.4
69.7
+16.4%
Share-based compensation
11.2
12.2
8.7
-8.2%
Buybacks
38.0
4.9
n/a
+675.5%
Dividends paid
32.2
30.8
28.7
+4.5%
Dividend per share
$0.74
$0.70
$0.66
+5.7%
Diluted shares, weighted
44m
44m
43m
-1.1%
Shares outstanding at period end
43m
44m
43m
-1.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
495
451
364
+9.8%
Debt
739
430
374
+71.9%
Other liabilities
782
789
664
-1.0%
Total liabilities and equity
2,016
1,670
1,402
+20.7%
Fixed assets
949
860
691
+10.3%
Goodwill
324
242
27.4
+34.0%
Intangible assets
237
139
2.5
+70.1%
Cash and equivalents
13.9
25.5
293
-45.5%
Receivables
190
193
198
-1.7%
Other assets
303
210
190
+43.8%
Total assets
2,016
1,670
1,402
+20.7%
10-K for the year ended 31 December 2016, filed 4 March 2019: the filing.