Onto Innovation (ONTO) FY2016 results: revenue $259 million, up 17.0% on the year
Onto Innovation Inc. (ONTO) reported revenue of $259 million for fiscal 2016, the year ended 30 December 2017, up 17.0% on the year before. Net income was $30 million, down 31.4%, and diluted earnings per share $1.17. The figures are the company's own, from the 10-Q it filed with the SEC on 3 May 2018.
Revenue
$259 million
+17.0% on the year
FY2009FY2016
Operating margin
16.6%
13.2% a year earlier
FY2009FY2016
Net income
$30 million
-31.4% on the year
FY2009FY2016
Diluted EPS
$1.17
-33.1% 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
259
221
187
+17.0%
Cost of revenue
122
107
97.7
+13.9%
Gross profit
137
114
89.7
+19.8%
Gross margin
52.9%
51.6%
47.9%
Research and development
36.7
31.4
32.7
+16.8%
Operating income
42.8
29.1
5.0
+47.1%
Operating margin
16.6%
13.2%
2.7%
Interest expense
0.1
0.3
0.3
-67.7%
Pre-tax income
43.3
29.1
5.6
+48.6%
Income tax
13.1
-14.9
2.7
Effective tax rate
30.2%
-51.1%
47.8%
Net income
30.2
44.0
2.9
-31.4%
Net margin
11.7%
19.9%
1.6%
Diluted EPS
$1.17
$1.75
$0.12
-33.1%
$ 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
20.6
45.7
1.6
-54.9%
Capital expenditure
5.2
4.0
1.8
+30.1%
Free cash flow
15.4
41.7
-0.3
-63.1%
Free cash flow margin
6.0%
18.9%
-0.1%
Cash from investing
-6.7
-42.1
n/a
Cash from financing
-25.6
5.3
n/a
Depreciation and amortisation
6.9
8.3
9.1
-16.6%
Share-based compensation
8.8
7.7
6.2
+15.0%
Buybacks
27.0
n/a
1.7
Diluted shares, weighted
26m
25m
24m
+3.0%
Shares outstanding at period end
25m
n/a
24m
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
262
n/a
187
Debt
0.0
n/a
0.0
Other liabilities
47.3
n/a
48.2
Total liabilities and equity
310
n/a
236
Fixed assets
44.8
n/a
44.5
Goodwill
10.2
n/a
9.4
Intangible assets
2.2
n/a
1.9
Investments
82.1
82.9
44.9
-0.9%
Cash and equivalents
34.9
n/a
38.2
Receivables
62.5
n/a
37.8
Inventory
52.9
n/a
47.7
Other assets
20.1
26.0
11.1
-22.7%
Total assets
310
n/a
236
10-Q for the year ended 30 December 2017, filed 3 May 2018: the filing.