MDU Resources Group (MDU) FY2017 results: revenue $4.4 billion, up 7.6% on the year
MDU Resources Group Inc. (MDU) reported revenue of $4.4 billion for fiscal 2017, the year ended 31 December 2017, up 7.6% on the year before. Net income was $281 million, up 341.1%, and diluted earnings per share $1.43. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$4.4 billion
+7.6% on the year
FY2010FY2017
Operating margin
9.5%
9.9% a year earlier
FY2010FY2017
Net income
$281 million
+341.1% on the year
FY2010FY2017
Diluted EPS
$1.43
+333.3% 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
4,443
4,129
4,014
+7.6%
Selling, general and administrative
3,135
2,894
n/a
+8.4%
Operating income
424
409
320
+3.6%
Operating margin
9.5%
9.9%
8.0%
Interest expense
82.8
87.8
91.2
-5.8%
Pre-tax income
350
326
247
+7.3%
Income tax
65.0
93.1
70.7
-30.2%
Effective tax rate
18.6%
28.5%
28.6%
Net income
281
63.7
-623
+341.1%
Net margin
6.3%
1.5%
-15.5%
Diluted EPS
$1.43
$0.33
-$3.20
+333.3%
$ 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
448
462
662
-3.1%
Capital expenditure
341
388
537
-12.1%
Free cash flow
107
74.0
125
+44.0%
Free cash flow margin
2.4%
1.8%
3.1%
Cash from investing
-214
-305
-382
Cash from financing
-245
-195
-256
Depreciation and amortisation
207
216
212
-4.1%
Buybacks
1.7
0.0
0.0
Dividends paid
151
147
143
+2.4%
Dividend per share
$0.78
$0.76
$0.73
+2.6%
Diluted shares, weighted
196m
196m
195m
+0.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,429
2,316
2,397
+4.9%
Non-controlling interest
n/a
0.0
124
Short-term borrowings
n/a
n/a
45.5
Debt
1,715
1,790
1,796
-4.2%
Other liabilities
2,191
2,178
2,203
+0.6%
Total liabilities and equity
6,335
6,284
6,565
+0.8%
Fixed assets
4,079
3,931
3,898
+3.8%
Goodwill
632
632
635
0.0%
Intangible assets
3.8
5.9
7.3
-35.2%
Investments
138
126
120
+9.3%
Cash and equivalents
34.6
46.1
83.9
-25.0%
Receivables
727
630
582
+15.4%
Inventory
227
238
241
-4.9%
Other assets
494
675
998
-26.8%
Total assets
6,335
6,284
6,565
+0.8%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.