Nucor (NUE) FY2016 results: revenue $16.2 billion, down 1.4% on the year
Nucor Corp. (NUE) reported revenue of $16.2 billion for fiscal 2016, the year ended 31 December 2016, down 1.4% on the year before. Net income was $796 million, up 886.4%, and diluted earnings per share $2.48. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$16.2 billion
-1.4% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$796 million
+886.4% on the year
FY2009FY2016
Diluted EPS
$2.48
+892.0% 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
16,208
16,439
21,105
-1.4%
Cost of revenue
14,182
15,325
19,256
-7.5%
Gross profit
2,026
1,114
1,849
+81.9%
Gross margin
12.5%
6.8%
8.8%
Selling, general and administrative
597
459
521
+30.0%
Interest expense
181
178
174
+2.0%
Pre-tax income
1,299
242
1,147
+436.9%
Income tax
398
48.8
369
+715.5%
Effective tax rate
30.7%
20.2%
32.1%
Net income
796
80.7
679
+886.4%
Net margin
4.9%
0.5%
3.2%
Diluted EPS
$2.48
$0.25
$2.11
+892.0%
$ 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
1,750
2,169
1,343
-19.3%
Capital expenditure
605
374
668
+61.7%
Free cash flow
1,145
1,795
675
-36.2%
Free cash flow margin
7.1%
10.9%
3.2%
Cash from investing
-1,025
n/a
n/a
Cash from financing
-626
n/a
n/a
Depreciation and amortisation
687
700
724
-1.9%
Share-based compensation
56.5
45.8
46.4
+23.4%
Buybacks
5.2
66.5
0.0
-92.2%
Dividends paid
481
479
475
+0.3%
Dividend per share
$1.50
$1.49
$1.48
+0.7%
Diluted shares, weighted
320m
321m
320m
-0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
7,880
7,478
7,772
+5.4%
Non-controlling interest
375
372
303
+0.7%
Short-term borrowings
18.0
n/a
n/a
Debt
4,361
4,388
4,584
-0.6%
Other liabilities
2,590
2,089
3,297
+24.0%
Total liabilities and equity
15,224
14,327
15,956
+6.3%
Fixed assets
5,079
4,891
5,288
+3.8%
Goodwill
2,053
2,011
2,069
+2.1%
Intangible assets
867
771
862
+12.5%
Investments
150
100
100
+50.0%
Cash and equivalents
2,046
1,939
1,024
+5.5%
Receivables
1,632
1,384
2,068
+17.9%
Inventory
2,480
2,245
2,745
+10.4%
Other assets
918
985
1,801
-6.8%
Total assets
15,224
14,327
15,956
+6.3%
10-K for the year ended 31 December 2016, filed 28 February 2017: the filing.