Mettler Toledo International (MTD) FY2017 results: revenue $2.7 billion, up 8.6% on the year
Mettler Toledo International Inc. (MTD) reported revenue of $2.7 billion for fiscal 2017, the year ended 31 December 2017, up 8.6% on the year before. Net income was $376 million, down 2.2%, and diluted earnings per share $14.24. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2018.
Revenue
$2.7 billion
+8.6% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$376 million
-2.2% on the year
FY2010FY2017
Diluted EPS
$14.24
+0.1% 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
2,725
2,508
2,395
+8.6%
Cost of revenue
1,152
1,073
1,043
+7.4%
Gross profit
1,573
1,436
1,352
+9.6%
Gross margin
57.7%
57.2%
56.4%
Research and development
128
119
119
+7.6%
Selling, general and administrative
795
745
701
+6.6%
Interest expense
32.8
28.0
27.5
+17.0%
Pre-tax income
574
504
463
+13.9%
Income tax
198
120
111
+65.5%
Effective tax rate
34.5%
23.8%
23.9%
Net income
376
384
353
-2.2%
Net margin
13.8%
15.3%
14.7%
Diluted EPS
$14.24
$14.22
$12.48
+0.1%
$ 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
516
461
440
+12.1%
Capital expenditure
127
124
82.5
+2.8%
Free cash flow
389
337
357
+15.5%
Free cash flow margin
14.3%
13.4%
14.9%
Cash from investing
-217
-231
-101
Cash from financing
-320
-164
-320
Depreciation and amortisation
45.0
41.0
39.4
+9.5%
Share-based compensation
16.6
15.3
14.2
+8.3%
Buybacks
400
500
495
-20.0%
Diluted shares, weighted
26m
27m
28m
-2.3%
Shares outstanding at period end
26m
26m
27m
-1.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
547
435
580
+25.8%
Debt
980
894
590
+9.6%
Other liabilities
1,023
838
789
+22.1%
Total liabilities and equity
2,550
2,167
1,959
+17.7%
Fixed assets
668
564
517
+18.5%
Goodwill
540
476
446
+13.3%
Intangible assets
227
167
115
+35.7%
Cash and equivalents
149
159
98.9
-6.3%
Receivables
529
455
411
+16.2%
Inventory
255
222
214
+15.0%
Other assets
182
124
156
+47.1%
Total assets
2,550
2,167
1,959
+17.7%
10-K for the year ended 31 December 2017, filed 9 February 2018: the filing.