Otter Tail (OTTR) FY2017 results: revenue $849 million, up 5.7% on the year
Otter Tail Corp. (OTTR) reported revenue of $849 million for fiscal 2017, the year ended 31 December 2017, up 5.7% on the year before. Net income was $72 million, up 16.2%, and diluted earnings per share $1.82. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2018.
Revenue
$849 million
+5.7% on the year
FY2010FY2017
Operating margin
15.6%
14.5% a year earlier
FY2010FY2017
Net income
$72 million
+16.2% on the year
FY2010FY2017
Diluted EPS
$1.82
+13.0% 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
849
804
780
+5.7%
Operating income
132
117
109
+13.4%
Operating margin
15.6%
14.5%
14.0%
Pre-tax income
99.7
82.5
80.2
+20.8%
Income tax
27.3
20.2
21.6
+34.8%
Effective tax rate
27.3%
24.5%
27.0%
Net income
72.4
62.3
59.3
+16.2%
Net margin
8.5%
7.8%
7.6%
Diluted EPS
$1.82
$1.61
$1.58
+13.0%
$ 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
174
163
118
+6.2%
Capital expenditure
133
161
160
-17.6%
Free cash flow
40.7
2.1
-42.5
+1,811.8%
Free cash flow margin
4.8%
0.3%
-5.5%
Cash from investing
-133
-159
-156
Cash from financing
-24.8
-4.1
38.4
Depreciation and amortisation
72.5
73.4
60.4
-1.2%
Share-based compensation
3.6
3.2
1.7
+14.6%
Buybacks
1.8
0.1
1.6
+1,629.8%
Dividends paid
50.6
n/a
n/a
Dividend per share
$1.28
$1.25
$1.23
+2.4%
Diluted shares, weighted
40m
39m
38m
+2.6%
Shares outstanding at period end
40m
39m
38m
+0.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
697
670
605
+4.0%
Debt
603
581
577
+3.7%
Other liabilities
704
661
639
+6.6%
Total liabilities and equity
2,004
1,912
1,821
+4.8%
Fixed assets
1,540
1,477
1,388
+4.2%
Goodwill
37.6
37.6
39.7
0.0%
Intangible assets
13.8
15.0
15.7
-8.0%
Investments
8.6
8.4
8.3
+2.5%
Cash and equivalents
16.2
0.0
n/a
Receivables
68.5
68.2
63.0
+0.3%
Inventory
88.0
83.7
85.4
+5.1%
Other assets
232
222
221
+4.4%
Total assets
2,004
1,912
1,821
+4.8%
10-K for the year ended 31 December 2017, filed 20 February 2018: the filing.