Omnicom Group (OMC) FY2016 results: revenue $15.4 billion, up 1.9% on the year
Omnicom Group Inc. (OMC) reported revenue of $15.4 billion for fiscal 2016, the year ended 31 December 2016, up 1.9% on the year before. Net income was $1.1 billion, up 5.0%, and diluted earnings per share $4.78. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2017.
Revenue
$15.4 billion
+1.9% on the year
FY2009FY2016
Operating margin
13.2%
12.7% a year earlier
FY2009FY2016
Net income
$1.1 billion
+5.0% on the year
FY2009FY2016
Diluted EPS
$4.78
+8.4% 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
15,417
15,134
15,318
+1.9%
Cost of revenue
12,650
12,491
12,602
+1.3%
Gross profit
2,767
2,643
2,716
+4.7%
Gross margin
17.9%
17.5%
17.7%
Selling, general and administrative
444
432
477
+2.8%
Operating income
2,030
1,920
1,944
+5.7%
Operating margin
13.2%
12.7%
12.7%
Interest expense
231
181
177
+27.7%
Pre-tax income
1,842
1,779
1,810
+3.6%
Income tax
600
584
593
+2.9%
Effective tax rate
32.6%
32.8%
32.8%
Net income
1,149
1,094
1,104
+5.0%
Net margin
7.5%
7.2%
7.2%
Diluted EPS
$4.78
$4.41
$4.24
+8.4%
$ 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
1,952
2,200
1,476
-11.2%
Capital expenditure
166
203
213
-18.4%
Free cash flow
1,787
1,997
1,264
-10.5%
Free cash flow margin
11.6%
13.2%
8.2%
Cash from investing
-482
-264
-267
Cash from financing
-998
-1,456
-1,258
Depreciation and amortisation
293
291
294
+0.6%
Share-based compensation
93.4
99.4
93.5
-6.0%
Buybacks
602
728
1,063
-17.2%
Dividends paid
505
497
468
+1.8%
Dividend per share
$2.15
$2.00
$1.90
+7.5%
Diluted shares, weighted
239m
245m
255m
-2.4%
Shares outstanding at period end
235m
240m
247m
-2.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,162
2,452
2,850
-11.8%
Non-controlling interest
498
437
471
+13.9%
Debt
4,949
4,571
4,550
+8.3%
Other liabilities
15,556
14,650
13,557
+6.2%
Total liabilities and equity
23,165
22,111
21,428
+4.8%
Fixed assets
675
693
708
-2.6%
Goodwill
8,976
8,676
8,822
+3.5%
Intangible assets
427
345
389
+24.0%
Investments
20.6
14.5
2.2
+42.1%
Cash and equivalents
3,002
2,605
2,388
+15.2%
Receivables
7,511
7,221
6,525
+4.0%
Other assets
2,554
2,556
2,594
-0.1%
Total assets
23,165
22,111
21,428
+4.8%
10-K for the year ended 31 December 2016, filed 9 February 2017: the filing.