Metallus (MTUS) FY2016 results: revenue $870 million, down 21.4% on the year
Metallus Inc. (MTUS) reported revenue of $870 million for fiscal 2016, the year ended 31 December 2016, down 21.4% on the year before. Net income was -$106 million, and diluted earnings per share $-2.39. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$870 million
-21.4% on the year
FY2012FY2016
Operating margin
-7.2%
-9.0% a year earlier
FY2012FY2016
Net income
-$106 million
FY2012FY2016
Diluted EPS
-$2.39
FY2012FY2016
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
870
1,106
1,674
-21.4%
Cost of revenue
842
1,092
1,473
-22.9%
Gross profit
27.9
14.7
201
+89.8%
Gross margin
3.2%
1.3%
12.0%
Research and development
8.0
8.6
8.5
-7.0%
Selling, general and administrative
90.2
108
129
-16.2%
Operating income
-62.6
-99.4
71.0
Operating margin
-7.2%
-9.0%
4.2%
Interest expense
11.4
3.4
0.9
+235.3%
Pre-tax income
-142
-115
158
Income tax
-36.5
-26.7
22.6
Effective tax rate
n/a
n/a
14.3%
Net income
-106
-45.0
46.1
Net margin
-12.1%
-4.1%
2.8%
Diluted EPS
-$2.39
-$1.01
$1.00
$ 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
74.4
107
93.9
-30.5%
Capital expenditure
42.7
78.2
130
-45.4%
Free cash flow
31.7
28.9
-35.7
+9.7%
Free cash flow margin
3.6%
2.6%
-2.1%
Cash from investing
-42.7
-77.8
-130
Cash from financing
-48.5
-21.4
70.2
Depreciation and amortisation
74.9
73.4
58.0
+2.0%
Share-based compensation
6.7
7.0
6.0
-4.3%
Buybacks
0.0
15.2
34.7
Dividends paid
0.0
18.7
12.7
Dividend per share
$0.00
$0.42
$0.28
Diluted shares, weighted
44m
44m
46m
-0.6%
Shares outstanding at period end
n/a
n/a
45m
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
597
n/a
n/a
Non-controlling interest
n/a
682
750
Debt
137
200
185
-31.8%
Other liabilities
336
260
429
+29.4%
Total liabilities and equity
1,070
1,142
1,364
-6.3%
Fixed assets
742
769
772
-3.6%
Intangible assets
25.0
30.6
30.3
-18.3%
Cash and equivalents
25.6
42.4
34.5
-39.6%
Receivables
91.6
80.9
167
+13.2%
Inventory
164
174
294
-5.6%
Other assets
21.6
44.7
66.5
-51.7%
Total assets
1,070
1,142
1,364
-6.3%
10-K for the year ended 31 December 2016, filed 20 February 2019: the filing.