Pentair (PNR) FY2016 results: revenue $2.8 billion, down 39.8% on the year
Pentair plc (PNR) reported revenue of $2.8 billion for fiscal 2016, the year ended 31 December 2016, down 39.8% on the year before. Net income was $522 million, and diluted earnings per share $2.85. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2019.
Revenue
$2.8 billion
-39.8% on the year
FY2009FY2016
Operating margin
12.7%
13.3% a year earlier
FY2009FY2016
Net income
$522 million
FY2009FY2016
Diluted EPS
$2.85
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
2,781
4,616
4,667
-39.8%
Cost of revenue
1,822
3,018
3,046
-39.6%
Gross profit
959
1,599
1,620
-40.0%
Gross margin
34.5%
34.6%
34.7%
Research and development
73.3
98.7
96.4
-25.7%
Selling, general and administrative
531
884
986
-39.9%
Operating income
354
616
538
-42.5%
Operating margin
12.7%
13.3%
11.5%
Interest expense
140
107
70.9
+31.4%
Pre-tax income
221
512
471
-56.9%
Income tax
42.7
115
114
-63.0%
Effective tax rate
19.3%
22.5%
24.3%
Net income
522
-76.4
215
Net margin
18.8%
-1.7%
4.6%
Diluted EPS
$2.85
-$0.42
$1.11
$ 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
861
739
1,008
+16.5%
Capital expenditure
43.3
91.3
83.7
-52.6%
Free cash flow
818
648
925
+26.2%
Free cash flow margin
29.4%
14.0%
19.8%
Cash from investing
-122
-1,966
-128
Cash from financing
-600
1,286
-995
Depreciation and amortisation
n/a
261
253
Share-based compensation
34.2
33.0
33.6
+3.6%
Buybacks
0.0
200
1,150
Dividends paid
244
232
211
+5.1%
Dividend per share
$1.34
$1.28
$1.10
+4.7%
Diluted shares, weighted
183m
183m
194m
+0.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
4,254
4,009
4,664
+6.1%
Non-controlling interest
n/a
n/a
0.0
Debt
4,279
4,686
3,004
-8.7%
Other liabilities
3,001
3,162
2,987
-5.1%
Total liabilities and equity
11,535
11,857
10,655
-2.7%
Fixed assets
539
540
510
-0.2%
Goodwill
1,995
4,259
3,230
-53.2%
Intangible assets
1,632
1,747
1,608
-6.6%
Cash and equivalents
217
104
104
+109.4%
Inventory
524
565
1,130
-7.2%
Other assets
6,629
4,642
4,073
+42.8%
Total assets
11,535
11,857
10,655
-2.7%
10-K for the year ended 31 December 2016, filed 19 February 2019: the filing.