Mettler Toledo International (MTD) FY2016 results: revenue $2.5 billion, up 4.7% on the year
Mettler Toledo International Inc. (MTD) reported revenue of $2.5 billion for fiscal 2016, the year ended 31 December 2016, up 4.7% on the year before. Net income was $384 million, up 8.9%, and diluted earnings per share $14.22. The figures are the company's own, from the 10-K it filed with the SEC on 2 February 2017.
Revenue
$2.5 billion
+4.7% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$384 million
+8.9% on the year
FY2009FY2016
Diluted EPS
$14.22
+13.9% 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
2,508
2,395
2,486
+4.7%
Cost of revenue
1,073
1,043
1,127
+2.8%
Gross profit
1,436
1,352
1,359
+6.2%
Gross margin
57.2%
56.4%
54.7%
Research and development
119
119
123
+0.1%
Selling, general and administrative
745
701
729
+6.4%
Interest expense
28.0
27.5
24.5
+2.1%
Pre-tax income
504
463
445
+8.8%
Income tax
120
111
107
+8.3%
Effective tax rate
23.8%
23.9%
24.0%
Net income
384
353
338
+8.9%
Net margin
15.3%
14.7%
13.6%
Diluted EPS
$14.22
$12.48
$11.44
+13.9%
$ 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
461
440
419
+4.8%
Capital expenditure
124
82.5
89.4
+50.2%
Free cash flow
337
357
330
-5.7%
Free cash flow margin
13.4%
14.9%
13.3%
Cash from investing
-231
-101
-94.4
Cash from financing
-164
-320
-348
Depreciation and amortisation
41.0
39.4
40.1
+4.2%
Share-based compensation
15.3
14.2
13.6
+7.6%
Buybacks
500
495
414
+1.0%
Diluted shares, weighted
27m
28m
30m
-4.4%
Shares outstanding at period end
26m
27m
28m
-3.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
435
580
720
-25.1%
Debt
894
590
452
+51.6%
Other liabilities
838
789
802
+6.2%
Total liabilities and equity
2,167
1,959
1,974
+10.6%
Fixed assets
564
517
511
+9.0%
Goodwill
476
446
444
+6.7%
Intangible assets
167
115
113
+44.9%
Cash and equivalents
159
98.9
85.3
+60.5%
Receivables
455
411
436
+10.6%
Inventory
222
214
205
+3.6%
Other assets
124
156
180
-20.5%
Total assets
2,167
1,959
1,974
+10.6%
10-K for the year ended 31 December 2016, filed 2 February 2017: the filing.