Procter & Gamble (PG) FY2017 results: revenue $65.1 billion, down 0.4% on the year
Procter & Gamble Co. (PG) reported revenue of $65.1 billion for fiscal 2017, the year ended 30 June 2017, down 0.4% on the year before. Net income was $15.3 billion, up 45.9%, and diluted earnings per share $5.59. The figures are the company's own, from the 10-K it filed with the SEC on 6 August 2019.
Revenue
$65.1 billion
-0.4% on the year
FY2010FY2017
Operating margin
21.2%
20.3% a year earlier
FY2010FY2017
Net income
$15.3 billion
+45.9% on the year
FY2010FY2017
Diluted EPS
$5.59
+51.5% 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
65,058
65,299
70,749
-0.4%
Cost of revenue
32,638
33,024
37,056
-1.2%
Gross profit
32,420
32,275
33,693
+0.4%
Gross margin
49.8%
49.4%
47.6%
Research and development
1,900
1,900
2,000
0.0%
Selling, general and administrative
18,654
19,017
20,616
-1.9%
Operating income
13,766
13,258
11,049
+3.8%
Operating margin
21.2%
20.3%
15.6%
Interest expense
465
579
626
-19.7%
Income tax
3,063
3,342
2,725
-8.3%
Net income
15,326
10,508
7,036
+45.9%
Net margin
23.6%
16.1%
9.9%
Diluted EPS
$5.59
$3.69
$2.44
+51.5%
$ 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
12,753
15,435
14,608
-17.4%
Capital expenditure
3,384
3,314
3,736
+2.1%
Free cash flow
9,369
12,121
10,872
-22.7%
Free cash flow margin
14.4%
18.6%
15.4%
Cash from investing
-6,685
-4,579
-2,891
Cash from financing
-8,568
-9,213
-13,019
Depreciation and amortisation
2,820
3,078
3,134
-8.4%
Share-based compensation
351
335
337
+4.8%
Buybacks
5,204
4,004
4,604
+30.0%
Dividends paid
7,236
7,436
7,287
-2.7%
Dividend per share
$2.70
$2.66
$2.59
+1.5%
Diluted shares, weighted
2,740m
2,844m
2,884m
-3.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
55,778
57,983
63,050
-3.8%
Debt
31,592
30,598
30,345
+3.2%
Other liabilities
33,036
38,555
36,100
-14.3%
Total liabilities and equity
120,406
127,136
129,495
-5.3%
Fixed assets
19,893
19,385
19,655
+2.6%
Goodwill
44,699
44,350
44,622
+0.8%
Intangible assets
24,187
24,527
25,010
-1.4%
Investments
9,568
6,246
4,767
+53.2%
Cash and equivalents
5,569
8,098
6,845
-31.2%
Receivables
4,594
4,373
4,568
+5.1%
Inventory
4,624
4,716
4,979
-2.0%
Other assets
7,272
15,441
19,049
-52.9%
Total assets
120,406
127,136
129,495
-5.3%
10-K for the year ended 30 June 2017, filed 6 August 2019: the filing.