New York Times (NYT) FY2017 results: revenue $1.7 billion, up 7.7% on the year
New York Times Co. (NYT) reported revenue of $1.7 billion for fiscal 2017, the year ended 31 December 2017, up 7.7% on the year before. Net income was $4 million, down 85.2%, and diluted earnings per share $0.03. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2018.
Revenue
$1.7 billion
+7.7% on the year
FY2010FY2017
Operating margin
10.5%
7.2% a year earlier
FY2010FY2017
Net income
$4 million
-85.2% on the year
FY2010FY2017
Diluted EPS
$0.03
-83.3% 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
1,676
1,555
1,579
+7.7%
Cost of revenue
616
628
618
-1.9%
Gross profit
1,059
927
961
+14.2%
Gross margin
63.2%
59.6%
60.9%
Selling, general and administrative
815
728
714
+11.9%
Operating income
177
113
137
+56.7%
Operating margin
10.5%
7.2%
8.6%
Pre-tax income
111
30.5
96.8
+264.4%
Income tax
104
4.4
33.9
+2,251.4%
Effective tax rate
93.5%
14.5%
35.0%
Net income
4.3
29.1
63.2
-85.2%
Net margin
0.3%
1.9%
4.0%
Diluted EPS
$0.03
$0.18
$0.38
-83.3%
$ 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
86.7
104
179
-16.5%
Capital expenditure
84.8
30.1
27.0
+181.6%
Free cash flow
2.0
73.8
152
-97.3%
Free cash flow margin
0.1%
4.7%
9.6%
Cash from investing
14.1
124
-30.7
-88.7%
Cash from financing
-26.0
-237
-218
Depreciation and amortisation
61.9
61.7
61.6
+0.2%
Share-based compensation
14.8
12.4
10.6
+19.1%
Buybacks
0.0
15.7
69.3
Dividends paid
26.0
25.9
26.6
+0.4%
Dividend per share
$0.16
$0.16
$0.16
0.0%
Diluted shares, weighted
164m
163m
166m
+0.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
897
848
827
+5.8%
Non-controlling interest
0.1
-3.6
1.7
Debt
243
240
424
+1.3%
Other liabilities
959
1,101
1,165
-12.9%
Total liabilities and equity
2,100
2,185
2,418
-3.9%
Fixed assets
641
597
632
+7.4%
Goodwill
144
135
109
+6.7%
Intangible assets
n/a
n/a
0.0
Investments
550
637
799
-13.6%
Cash and equivalents
183
101
106
+81.7%
Receivables
185
197
207
-6.3%
Other assets
397
519
564
-23.4%
Total assets
2,100
2,185
2,418
-3.9%
10-K for the year ended 31 December 2017, filed 27 February 2018: the filing.