MDU Resources Group (MDU) FY2016 results: revenue $4.1 billion, up 2.9% on the year
MDU Resources Group Inc. (MDU) reported revenue of $4.1 billion for fiscal 2016, the year ended 31 December 2016, up 2.9% on the year before. Net income was $64 million, and diluted earnings per share $0.33. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$4.1 billion
+2.9% on the year
FY2009FY2016
Operating margin
9.9%
8.0% a year earlier
FY2009FY2016
Net income
$64 million
FY2009FY2016
Diluted EPS
$0.33
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
4,129
4,014
4,115
+2.9%
Selling, general and administrative
2,894
n/a
n/a
Operating income
409
320
327
+27.9%
Operating margin
9.9%
8.0%
8.0%
Interest expense
87.8
91.2
87.0
-3.7%
Pre-tax income
326
247
249
+32.0%
Income tax
93.1
70.7
64.4
+31.8%
Effective tax rate
28.5%
28.6%
25.8%
Net income
63.7
-623
298
Net margin
1.5%
-15.5%
7.2%
Diluted EPS
$0.33
-$3.20
$1.55
$ 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
462
662
587
-30.2%
Capital expenditure
388
537
429
-27.7%
Free cash flow
74.0
125
158
-40.8%
Free cash flow margin
1.8%
3.1%
3.8%
Cash from investing
-305
-382
-904
Cash from financing
-195
-256
325
Depreciation and amortisation
216
212
203
+2.2%
Buybacks
0.0
0.0
n/a
Dividends paid
147
143
137
+3.0%
Dividend per share
$0.76
$0.73
$0.71
+2.7%
Diluted shares, weighted
196m
195m
193m
+0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,316
2,397
3,134
-3.3%
Non-controlling interest
0.0
124
116
Short-term borrowings
n/a
45.5
n/a
Debt
1,790
1,796
2,094
-0.3%
Other liabilities
2,178
2,203
2,466
-1.1%
Total liabilities and equity
6,284
6,565
7,810
-4.3%
Fixed assets
3,931
3,898
3,520
+0.8%
Goodwill
632
635
635
-0.5%
Intangible assets
5.9
7.3
9.8
-19.3%
Investments
126
120
118
+5.1%
Cash and equivalents
46.1
83.9
60.5
-45.0%
Receivables
630
582
599
+8.2%
Inventory
238
241
289
-0.9%
Other assets
675
998
2,578
-32.3%
Total assets
6,284
6,565
7,810
-4.3%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.