Nucor (NUE) FY2017 results: revenue $20.3 billion, up 25.0% on the year
Nucor Corp. (NUE) reported revenue of $20.3 billion for fiscal 2017, the year ended 31 December 2017, up 25.0% on the year before. Net income was $1.3 billion, up 65.6%, and diluted earnings per share $4.10. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$20.3 billion
+25.0% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$1.3 billion
+65.6% on the year
FY2010FY2017
Diluted EPS
$4.10
+65.3% 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
20,252
16,208
16,439
+25.0%
Cost of revenue
17,683
14,182
15,325
+24.7%
Gross profit
2,569
2,026
1,114
+26.8%
Gross margin
12.7%
12.5%
6.8%
Selling, general and administrative
688
597
459
+15.2%
Interest expense
187
181
178
+3.4%
Pre-tax income
1,750
1,299
242
+34.8%
Income tax
369
398
48.8
-7.2%
Effective tax rate
21.1%
30.7%
20.2%
Net income
1,319
796
80.7
+65.6%
Net margin
6.5%
4.9%
0.5%
Diluted EPS
$4.10
$2.48
$0.25
+65.3%
$ 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
1,055
1,750
2,169
-39.7%
Capital expenditure
449
605
374
-25.8%
Free cash flow
607
1,145
1,795
-47.0%
Free cash flow margin
3.0%
7.1%
10.9%
Cash from investing
-919
-1,025
n/a
Cash from financing
-1,242
-626
n/a
Depreciation and amortisation
727
687
700
+5.8%
Share-based compensation
64.2
56.5
45.8
+13.6%
Buybacks
90.3
5.2
66.5
+1,645.7%
Dividends paid
485
481
479
+0.9%
Dividend per share
$1.51
$1.50
$1.49
+0.7%
Diluted shares, weighted
321m
320m
321m
+0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
8,739
7,880
7,478
+10.9%
Non-controlling interest
346
375
372
-7.8%
Short-term borrowings
n/a
18.0
n/a
Debt
3,795
4,361
4,388
-13.0%
Other liabilities
2,961
2,590
2,089
+14.3%
Total liabilities and equity
15,841
15,224
14,327
+4.1%
Fixed assets
5,093
5,079
4,891
+0.3%
Goodwill
2,196
2,053
2,011
+7.0%
Intangible assets
915
867
771
+5.5%
Investments
50.0
150
100
-66.7%
Cash and equivalents
949
2,046
1,939
-53.6%
Receivables
2,029
1,632
1,384
+24.3%
Inventory
3,462
2,480
2,245
+39.6%
Other assets
1,148
918
985
+25.1%
Total assets
15,841
15,224
14,327
+4.1%
10-K for the year ended 31 December 2017, filed 28 February 2020: the filing.