MKS (MKSI) FY2016 results: revenue $1.3 billion, up 59.2% on the year
MKS Inc. (MKSI) reported revenue of $1.3 billion for fiscal 2016, the year ended 31 December 2016, up 59.2% on the year before. Net income was $105 million, down 14.3%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$1.3 billion
+59.2% on the year
FY2009FY2016
Operating margin
12.1%
19.3% a year earlier
FY2009FY2016
Net income
$105 million
-14.3% on the year
FY2009FY2016
Diluted EPS
$1.94
-14.9% 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
1,295
814
781
+59.2%
Cost of revenue
730
451
443
+61.9%
Gross profit
566
363
338
+55.9%
Gross margin
43.7%
44.6%
43.3%
Research and development
111
68.3
62.9
+61.9%
Selling, general and administrative
228
129
132
+76.6%
Operating income
157
157
135
+0.4%
Operating margin
12.1%
19.3%
17.3%
Interest expense
30.6
0.1
0.1
+21,306.3%
Pre-tax income
128
159
136
-19.7%
Income tax
23.2
37.2
20.6
-37.7%
Effective tax rate
18.1%
23.3%
15.1%
Net income
105
122
116
-14.3%
Net margin
8.1%
15.0%
14.8%
Diluted EPS
$1.94
$2.28
$2.16
-14.9%
$ 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
180
138
102
+30.2%
Capital expenditure
19.1
12.4
13.2
+54.0%
Free cash flow
161
126
88.7
+27.9%
Free cash flow margin
12.4%
15.5%
11.4%
Cash from investing
-727
n/a
n/a
Cash from financing
560
n/a
n/a
Depreciation and amortisation
65.9
22.1
20.5
+198.3%
Share-based compensation
25.2
13.0
11.3
+93.9%
Buybacks
1.5
13.3
20.8
-88.4%
Dividends paid
36.4
36.0
34.9
+1.1%
Dividend per share
$0.68
$0.68
$0.66
+0.7%
Diluted shares, weighted
54m
54m
54m
+0.9%
Shares outstanding at period end
54m
53m
53m
+0.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,242
1,161
1,082
+7.0%
Debt
612
0.0
0.0
Other liabilities
358
112
142
+218.5%
Total liabilities and equity
2,212
1,273
1,224
+73.7%
Fixed assets
175
68.9
72.8
+153.5%
Goodwill
589
200
192
+194.7%
Intangible assets
408
44.0
46.4
+826.7%
Investments
199
431
444
-53.7%
Cash and equivalents
229
228
305
+0.5%
Receivables
249
102
106
+144.2%
Inventory
276
153
155
+80.7%
Other assets
88.5
48.0
n/a
+84.4%
Total assets
2,212
1,273
1,224
+73.7%
10-K for the year ended 31 December 2016, filed 26 February 2019: the filing.