Paccar (PCAR) FY2016 results: revenue $17.0 billion, down 10.9% on the year
Paccar Inc. (PCAR) reported revenue of $17.0 billion for fiscal 2016, the year ended 31 December 2016, down 10.9% on the year before. Net income was $522 million, down 67.5%, and diluted earnings per share $0.99. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2017.
Revenue
$17.0 billion
-10.9% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$522 million
-67.5% on the year
FY2009FY2016
Diluted EPS
$0.99
-67.2% 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
17,033
19,115
18,997
-10.9%
Pre-tax income
1,130
2,337
2,018
-51.6%
Income tax
609
733
659
-17.0%
Effective tax rate
53.8%
31.4%
32.7%
Net income
522
1,604
1,359
-67.5%
Net margin
3.1%
8.4%
7.2%
Diluted EPS
$0.99
$3.01
$2.55
-67.2%
$ 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
2,301
2,556
2,124
-10.0%
Capital expenditure
375
287
298
+30.9%
Free cash flow
1,926
2,269
1,825
-15.1%
Free cash flow margin
11.3%
11.9%
9.6%
Cash from investing
-1,564
n/a
n/a
Cash from financing
-824
n/a
n/a
Depreciation and amortisation
302
292
285
+3.5%
Share-based compensation
13.1
14.6
16.2
-10.3%
Buybacks
70.5
202
42.7
-65.0%
Dividends paid
829
680
624
+21.9%
Diluted shares, weighted
528m
533m
534m
-1.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
6,778
6,940
6,753
-2.3%
Debt
8,475
8,592
8,231
-1.4%
Other liabilities
5,386
5,578
5,635
-3.4%
Total liabilities and equity
20,639
21,110
20,619
-2.2%
Fixed assets
2,260
2,176
2,313
+3.8%
Goodwill
103
106
129
-2.5%
Cash and equivalents
1,916
2,016
1,738
-5.0%
Other assets
16,360
16,811
16,439
-2.7%
Total assets
20,639
21,110
20,619
-2.2%
10-K for the year ended 31 December 2016, filed 21 February 2017: the filing.