Par Pacific Holdings (PARR) FY2016 results: revenue $1.9 billion, down 9.7% on the year
Par Pacific Holdings, Inc. (PARR) reported revenue of $1.9 billion for fiscal 2016, the year ended 31 December 2016, down 9.7% on the year before. Net income was -$46 million, and diluted earnings per share $-1.08. The figures are the company's own, from the 10-K it filed with the SEC on 7 March 2017.
Revenue
$1.9 billion
-9.7% on the year
FY2009FY2016
Operating margin
-1.1%
3.0% a year earlier
FY2009FY2016
Net income
-$46 million
FY2009FY2016
Diluted EPS
-$1.08
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
1,865
2,066
3,108
-9.7%
Cost of revenue
1,636
1,787
2,937
-8.4%
Gross profit
229
279
171
-18.0%
Gross margin
12.3%
13.5%
5.5%
Operating income
-19.6
61.5
-37.5
Operating margin
-1.1%
3.0%
-1.2%
Interest expense
28.5
20.2
18.0
+41.4%
Pre-tax income
-53.7
-56.7
-47.5
Income tax
-7.9
-16.8
-0.5
Net income
-45.8
-39.9
-47.0
Net margin
-2.5%
-1.9%
-1.5%
Diluted EPS
-$1.08
-$1.06
-$1.44
$ 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
-23.4
132
-54.6
Capital expenditure
24.8
22.3
14.3
+11.1%
Free cash flow
-48.2
110
-68.9
Free cash flow margin
-2.6%
5.3%
-2.2%
Cash from investing
-286
-114
-24.3
Cash from financing
190
60.4
130
+214.6%
Depreciation and amortisation
31.6
19.9
14.9
+58.7%
Share-based compensation
6.6
5.2
4.0
+28.3%
Buybacks
n/a
1.0
0.0
Diluted shares, weighted
42m
38m
33m
+12.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
369
341
292
+8.3%
Debt
370
165
131
+124.2%
Other liabilities
406
386
312
+5.1%
Total liabilities and equity
1,145
892
735
+28.4%
Fixed assets
451
195
113
+131.3%
Goodwill
106
41.3
20.8
+155.8%
Intangible assets
29.9
34.4
7.5
-13.0%
Cash and equivalents
47.8
168
89.2
-71.5%
Receivables
102
68.3
112
+49.8%
Inventory
198
219
244
-9.6%
Other assets
210
166
149
+26.6%
Total assets
1,145
892
735
+28.4%
10-K for the year ended 31 December 2016, filed 7 March 2017: the filing.