Paccar (PCAR) FY2017 results: revenue $19.5 billion, up 14.2% on the year
Paccar Inc. (PCAR) reported revenue of $19.5 billion for fiscal 2017, the year ended 31 December 2017, up 14.2% on the year before. Net income was $1.7 billion, up 221.1%, and diluted earnings per share $3.17. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2018.
Revenue
$19.5 billion
+14.2% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$1.7 billion
+221.1% on the year
FY2010FY2017
Diluted EPS
$3.17
+220.9% 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
19,456
17,033
19,115
+14.2%
Pre-tax income
2,173
1,130
2,337
+92.3%
Income tax
498
609
733
-18.2%
Effective tax rate
22.9%
53.8%
31.4%
Net income
1,675
522
1,604
+221.1%
Net margin
8.6%
3.1%
8.4%
Diluted EPS
$3.17
$0.99
$3.01
+220.9%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
2,716
2,301
2,556
+18.0%
Capital expenditure
423
375
287
+12.8%
Free cash flow
2,292
1,926
2,269
+19.0%
Free cash flow margin
11.8%
11.3%
11.9%
Cash from investing
-1,965
-1,564
n/a
Cash from financing
-394
-824
n/a
Depreciation and amortisation
321
302
292
+6.3%
Share-based compensation
12.7
13.1
14.6
-3.1%
Buybacks
n/a
70.5
202
Dividends paid
558
829
680
-32.7%
Diluted shares, weighted
529m
528m
533m
+0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
8,050
6,778
6,940
+18.8%
Debt
n/a
8,475
8,592
Other liabilities
15,390
5,386
5,578
+185.7%
Total liabilities and equity
23,440
20,639
21,110
+13.6%
Fixed assets
2,464
2,260
2,176
+9.0%
Goodwill
117
103
106
+14.0%
Cash and equivalents
2,365
1,916
2,016
+23.4%
Other assets
18,494
16,360
16,811
+13.0%
Total assets
23,440
20,639
21,110
+13.6%
10-K for the year ended 31 December 2017, filed 21 February 2018: the filing.