Otter Tail (OTTR) FY2016 results: revenue $804 million, up 3.0% on the year
Otter Tail Corp. (OTTR) reported revenue of $804 million for fiscal 2016, the year ended 31 December 2016, up 3.0% on the year before. Net income was $62 million, up 5.0%, and diluted earnings per share $1.61. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2017.
Revenue
$804 million
+3.0% on the year
FY2009FY2016
Operating margin
14.5%
14.0% a year earlier
FY2009FY2016
Net income
$62 million
+5.0% on the year
FY2009FY2016
Diluted EPS
$1.61
+1.9% 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
804
780
799
+3.0%
Operating income
117
109
99.5
+6.8%
Operating margin
14.5%
14.0%
12.5%
Pre-tax income
82.5
80.2
73.4
+2.9%
Income tax
20.2
21.6
16.6
-6.6%
Effective tax rate
24.5%
27.0%
22.5%
Net income
62.3
59.3
57.7
+5.0%
Net margin
7.8%
7.6%
7.2%
Diluted EPS
$1.61
$1.58
$1.57
+1.9%
$ 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
163
118
112
+39.0%
Capital expenditure
161
160
164
+0.7%
Free cash flow
2.1
-42.5
-51.1
Free cash flow margin
0.3%
-5.5%
-6.4%
Cash from investing
-159
-156
-164
Cash from financing
-4.1
38.4
50.9
Depreciation and amortisation
73.4
60.4
58.1
+21.7%
Share-based compensation
3.2
1.7
1.8
+85.2%
Buybacks
0.1
1.6
0.6
-93.5%
Dividend per share
$1.25
$1.23
$1.21
+1.6%
Diluted shares, weighted
39m
38m
37m
+2.8%
Shares outstanding at period end
39m
38m
37m
+3.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
670
605
573
+10.8%
Debt
581
577
510
+0.8%
Other liabilities
661
639
656
+3.4%
Total liabilities and equity
1,912
1,821
1,738
+5.0%
Fixed assets
1,477
1,388
1,269
+6.4%
Goodwill
37.6
39.7
31.5
-5.4%
Intangible assets
15.0
15.7
11.3
-4.6%
Investments
8.4
8.3
8.6
+1.6%
Cash and equivalents
0.0
n/a
n/a
Receivables
68.2
63.0
60.2
+8.4%
Inventory
83.7
85.4
85.2
-2.0%
Other assets
222
221
273
+0.6%
Total assets
1,912
1,821
1,738
+5.0%
10-K for the year ended 31 December 2016, filed 22 February 2017: the filing.