Par Pacific Holdings (PARR) FY2017 results: revenue $2.4 billion, up 31.0% on the year
Par Pacific Holdings, Inc. (PARR) reported revenue of $2.4 billion for fiscal 2017, the year ended 31 December 2017, up 31.0% on the year before. Net income was $73 million, and diluted earnings per share $1.57. The figures are the company's own, from the 10-K it filed with the SEC on 12 March 2018.
Revenue
$2.4 billion
+31.0% on the year
FY2009FY2017
Operating margin
3.8%
-1.1% a year earlier
FY2009FY2017
Net income
$73 million
FY2009FY2017
Diluted EPS
$1.57
FY2009FY2017
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
2,443
1,865
2,066
+31.0%
Cost of revenue
2,055
1,636
1,787
+25.6%
Gross profit
388
229
279
+69.8%
Gross margin
15.9%
12.3%
13.5%
Operating income
94.0
-19.6
61.5
Operating margin
3.8%
-1.1%
3.0%
Interest expense
31.6
28.5
20.2
+11.0%
Pre-tax income
71.3
-53.7
-56.7
Income tax
-1.3
-7.9
-16.8
Effective tax rate
-1.8%
n/a
n/a
Net income
72.6
-45.8
-39.9
Net margin
3.0%
-2.5%
-1.9%
Diluted EPS
$1.57
-$1.08
-$1.06
$ 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
106
-23.4
132
Capital expenditure
31.7
24.8
22.3
+27.7%
Free cash flow
74.8
-48.2
110
Free cash flow margin
3.1%
-2.6%
5.3%
Cash from investing
-31.7
-286
-114
Cash from financing
-4.8
190
60.4
Depreciation and amortisation
46.0
31.6
19.9
+45.5%
Share-based compensation
7.2
6.6
5.2
+8.7%
Buybacks
n/a
n/a
1.0
Diluted shares, weighted
46m
42m
38m
+7.6%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
448
369
341
+21.4%
Debt
385
370
165
+3.9%
Other liabilities
515
406
386
+26.8%
Total liabilities and equity
1,347
1,145
892
+17.6%
Fixed assets
450
451
195
-0.3%
Goodwill
107
106
41.3
+1.4%
Intangible assets
26.6
29.9
34.4
-11.1%
Cash and equivalents
118
47.8
168
+147.7%
Receivables
122
102
68.3
+19.0%
Inventory
345
198
219
+74.1%
Other assets
178
210
166
-15.2%
Total assets
1,347
1,145
892
+17.6%
10-K for the year ended 31 December 2017, filed 12 March 2018: the filing.