Omnicom Group (OMC) FY2017 results: revenue $15.3 billion, down 0.9% on the year
Omnicom Group Inc. (OMC) reported revenue of $15.3 billion for fiscal 2017, the year ended 31 December 2017, down 0.9% on the year before. Net income was $1.1 billion, down 5.2%, and diluted earnings per share $4.65. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2018.
Revenue
$15.3 billion
-0.9% on the year
FY2010FY2017
Operating margin
13.6%
13.2% a year earlier
FY2010FY2017
Net income
$1.1 billion
-5.2% on the year
FY2010FY2017
Diluted EPS
$4.65
-2.7% 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
15,274
15,417
15,134
-0.9%
Cost of revenue
12,468
12,650
12,491
-1.4%
Gross profit
2,806
2,767
2,643
+1.4%
Gross margin
18.4%
17.9%
17.5%
Selling, general and administrative
440
444
432
-0.9%
Operating income
2,084
2,030
1,920
+2.6%
Operating margin
13.6%
13.2%
12.7%
Interest expense
249
231
181
+7.5%
Pre-tax income
1,885
1,842
1,779
+2.3%
Income tax
696
600
584
+15.9%
Effective tax rate
36.9%
32.6%
32.8%
Net income
1,088
1,149
1,094
-5.2%
Net margin
7.1%
7.5%
7.2%
Diluted EPS
$4.65
$4.78
$4.41
-2.7%
$ 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
2,024
1,952
2,200
+3.7%
Capital expenditure
156
166
203
-5.7%
Free cash flow
1,868
1,787
1,997
+4.5%
Free cash flow margin
12.2%
11.6%
13.2%
Cash from investing
-115
-482
-264
Cash from financing
-1,343
-998
-1,456
Depreciation and amortisation
282
293
291
-3.7%
Share-based compensation
80.2
93.4
99.4
-14.1%
Buybacks
568
602
728
-5.6%
Dividends paid
515
505
497
+1.9%
Dividend per share
$2.25
$2.15
$2.00
+4.7%
Diluted shares, weighted
234m
239m
245m
-2.2%
Shares outstanding at period end
230m
235m
240m
-2.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,615
2,162
2,452
+21.0%
Non-controlling interest
537
498
437
+7.9%
Debt
4,925
4,949
4,571
-0.5%
Other liabilities
16,854
15,556
14,650
+8.3%
Total liabilities and equity
24,931
23,165
22,111
+7.6%
Fixed assets
691
675
693
+2.4%
Goodwill
9,338
8,976
8,676
+4.0%
Intangible assets
368
427
345
-13.8%
Investments
0.4
20.6
14.5
-98.1%
Cash and equivalents
3,796
3,002
2,605
+26.4%
Receivables
8,084
7,511
7,221
+7.6%
Other assets
2,654
2,554
2,556
+3.9%
Total assets
24,931
23,165
22,111
+7.6%
10-K for the year ended 31 December 2017, filed 15 February 2018: the filing.