Matson (MATX) FY2017 results: revenue $2.0 billion, up 5.4% on the year
Matson, Inc. (MATX) reported revenue of $2.0 billion for fiscal 2017, the year ended 31 December 2017, up 5.4% on the year before. Net income was $231 million, up 183.8%, and diluted earnings per share $5.35. The figures are the company's own, from the 10-K it filed with the SEC on 4 March 2019.
Revenue
$2.0 billion
+5.4% on the year
FY2010FY2017
Operating margin
7.2%
8.1% a year earlier
FY2010FY2017
Net income
$231 million
+183.8% on the year
FY2010FY2017
Diluted EPS
$5.35
+186.1% 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
2,047
1,942
1,885
+5.4%
Selling, general and administrative
207
183
195
+12.9%
Operating income
147
157
196
-6.0%
Operating margin
7.2%
8.1%
10.4%
Interest expense
24.2
24.1
18.5
+0.4%
Pre-tax income
125
130
178
-4.1%
Income tax
-106
49.1
74.8
Effective tax rate
-84.5%
37.6%
42.1%
Net income
231
81.4
103
+183.8%
Net margin
11.3%
4.2%
5.5%
Diluted EPS
$5.35
$1.87
$2.34
+186.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
225
158
245
+42.5%
Capital expenditure
307
179
67.8
+71.1%
Free cash flow
-82.1
-21.6
178
Free cash flow margin
-4.0%
-1.1%
9.4%
Cash from investing
-277
-321
-63.8
Cash from financing
57.9
151
-449
-61.7%
Depreciation and amortisation
101
97.1
83.4
+4.2%
Share-based compensation
11.1
11.2
12.2
-0.9%
Buybacks
19.3
38.0
4.9
-49.2%
Dividends paid
33.8
32.2
30.8
+5.0%
Dividend per share
$0.78
$0.74
$0.70
+5.4%
Diluted shares, weighted
43m
44m
44m
-0.7%
Shares outstanding at period end
42m
43m
44m
-0.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
678
495
451
+37.0%
Debt
857
739
430
+16.0%
Other liabilities
712
782
789
-8.9%
Total liabilities and equity
2,248
2,016
1,670
+11.5%
Fixed assets
1,166
949
860
+22.8%
Goodwill
328
324
242
+1.3%
Intangible assets
225
237
139
-4.8%
Cash and equivalents
19.8
13.9
25.5
+42.4%
Receivables
195
190
193
+2.7%
Other assets
314
303
210
+3.9%
Total assets
2,248
2,016
1,670
+11.5%
10-K for the year ended 31 December 2017, filed 4 March 2019: the filing.