Procter & Gamble (PG) FY2016 results: revenue $65.3 billion, down 7.7% on the year
Procter & Gamble Co. (PG) reported revenue of $65.3 billion for fiscal 2016, the year ended 30 June 2016, down 7.7% on the year before. Net income was $10.5 billion, up 49.3%, and diluted earnings per share $3.69. The figures are the company's own, from the 10-K it filed with the SEC on 9 August 2016.
Revenue
$65.3 billion
-7.7% on the year
FY2009FY2016
Operating margin
20.3%
15.6% a year earlier
FY2009FY2016
Net income
$10.5 billion
+49.3% on the year
FY2009FY2016
Diluted EPS
$3.69
+51.2% 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
65,299
70,749
74,401
-7.7%
Cost of revenue
33,024
37,056
39,030
-10.9%
Gross profit
32,275
33,693
35,371
-4.2%
Gross margin
49.4%
47.6%
47.5%
Research and development
1,900
2,000
1,900
-5.0%
Selling, general and administrative
19,017
20,616
21,461
-7.8%
Operating income
13,258
11,049
13,910
+20.0%
Operating margin
20.3%
15.6%
18.7%
Interest expense
579
626
709
-7.5%
Income tax
3,342
2,725
2,851
+22.6%
Net income
10,508
7,036
11,643
+49.3%
Net margin
16.1%
9.9%
15.6%
Diluted EPS
$3.69
$2.44
$4.01
+51.2%
$ 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
15,435
14,608
13,958
+5.7%
Capital expenditure
3,314
3,736
3,848
-11.3%
Free cash flow
12,121
10,872
10,110
+11.5%
Free cash flow margin
18.6%
15.4%
13.6%
Cash from investing
-4,579
-2,891
-4,107
Cash from financing
-9,213
-13,019
-7,279
Depreciation and amortisation
3,078
3,134
3,141
-1.8%
Share-based compensation
335
337
360
-0.6%
Buybacks
4,004
4,604
6,005
-13.0%
Dividends paid
7,436
7,287
6,911
+2.0%
Dividend per share
$2.66
$2.59
$2.45
+2.7%
Diluted shares, weighted
2,844m
2,884m
2,905m
-1.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
57,983
63,050
69,976
-8.0%
Debt
30,598
30,345
35,417
+0.8%
Other liabilities
38,555
36,100
38,873
+6.8%
Total liabilities and equity
127,136
129,495
144,266
-1.8%
Fixed assets
19,385
19,655
21,607
-1.4%
Goodwill
44,350
44,622
50,729
-0.6%
Intangible assets
24,527
25,010
28,729
-1.9%
Investments
6,246
4,767
2,128
+31.0%
Cash and equivalents
8,098
6,845
8,558
+18.3%
Receivables
4,373
4,568
6,034
-4.3%
Inventory
4,716
4,979
6,206
-5.3%
Other assets
15,441
19,049
20,275
-18.9%
Total assets
127,136
129,495
144,266
-1.8%
10-K for the year ended 30 June 2016, filed 9 August 2016: the filing.