Eplus (PLUS) FY2016 results: revenue $1.2 billion, up 5.3% on the year
Eplus Inc. (PLUS) reported revenue of $1.2 billion for fiscal 2016, the year ended 31 March 2016, up 5.3% on the year before. Net income was $45 million, down 2.4%, and diluted earnings per share $1.52. The figures are the company's own, from the 10-K it filed with the SEC on 26 May 2016.
Revenue
$1.2 billion
+5.3% on the year
FY2010FY2016
Operating margin
6.3%
6.2% a year earlier
FY2010FY2016
Net income
$45 million
-2.4% on the year
FY2010FY2016
Diluted EPS
$1.52
-1.6% on the year
FY2010FY2016
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
1,204
1,143
1,058
+5.3%
Cost of revenue
942
899
841
+4.8%
Gross profit
262
245
217
+7.2%
Gross margin
21.8%
21.4%
20.5%
Selling, general and administrative
179
167
n/a
+7.1%
Operating income
75.8
70.7
60.1
+7.1%
Operating margin
6.3%
6.2%
5.7%
Pre-tax income
75.8
78.3
60.1
-3.3%
Income tax
31.0
32.5
24.8
-4.5%
Effective tax rate
40.9%
41.5%
41.3%
Net income
44.7
45.8
35.3
-2.4%
Net margin
3.7%
4.0%
3.3%
Diluted EPS
$1.52
$1.55
$1.09
-1.6%
$ 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
14.1
14.4
-8.2
-2.1%
Cash from investing
-50.2
n/a
-28.8
Cash from financing
54.4
n/a
64.5
Depreciation and amortisation
16.0
15.6
14.8
+2.6%
Share-based compensation
5.7
4.6
4.0
+24.6%
Buybacks
11.3
37.7
13.2
-69.9%
Dividends paid
0.1
0.1
0.1
-11.1%
Diluted shares, weighted
29m
30m
32m
-0.7%
Shares outstanding at period end
29m
30m
32m
-0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
319
279
266
+14.2%
Debt
47.4
56.6
n/a
-16.2%
Other liabilities
250
232
287
+7.7%
Total liabilities and equity
617
568
554
+8.5%
Fixed assets
6.3
6.1
4.3
+2.3%
Goodwill
42.2
34.1
29.6
+23.6%
Intangible assets
12.0
n/a
n/a
Cash and equivalents
94.8
76.2
80.2
+24.4%
Inventory
33.3
19.8
22.6
+68.1%
Other assets
428
432
417
-0.9%
Total assets
617
568
554
+8.5%
10-K for the year ended 31 March 2016, filed 26 May 2016: the filing.