Pentair (PNR) FY2017 results: revenue $2.8 billion, up 2.3% on the year
Pentair plc (PNR) reported revenue of $2.8 billion for fiscal 2017, the year ended 31 December 2017, up 2.3% on the year before. Net income was $666 million, up 27.6%, and diluted earnings per share $3.63. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2019.
Revenue
$2.8 billion
+2.3% on the year
FY2010FY2017
Operating margin
13.3%
12.7% a year earlier
FY2010FY2017
Net income
$666 million
+27.6% on the year
FY2010FY2017
Diluted EPS
$3.63
+27.4% 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
2,846
2,781
4,616
+2.3%
Cost of revenue
1,858
1,822
3,018
+2.0%
Gross profit
988
959
1,599
+3.0%
Gross margin
34.7%
34.5%
34.6%
Research and development
73.2
73.3
98.7
-0.1%
Selling, general and administrative
536
531
884
+0.9%
Operating income
378
354
616
+6.7%
Operating margin
13.3%
12.7%
13.3%
Interest expense
87.3
140
107
-37.7%
Pre-tax income
173
221
512
-21.8%
Income tax
58.7
42.7
115
+37.5%
Effective tax rate
34.0%
19.3%
22.5%
Net income
666
522
-76.4
+27.6%
Net margin
23.4%
18.8%
-1.7%
Diluted EPS
$3.63
$2.85
-$0.42
+27.4%
$ 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
620
861
739
-28.0%
Capital expenditure
39.1
43.3
91.3
-9.7%
Free cash flow
581
818
648
-29.0%
Free cash flow margin
20.4%
29.4%
14.0%
Cash from investing
2,630
-122
-1,966
Cash from financing
-3,433
-600
1,286
Depreciation and amortisation
n/a
n/a
261
Share-based compensation
39.6
34.2
33.0
+15.8%
Buybacks
200
0.0
200
Dividends paid
252
244
232
+3.3%
Dividend per share
$1.38
$1.34
$1.28
+3.0%
Diluted shares, weighted
184m
183m
183m
+0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
5,038
4,254
4,009
+18.4%
Debt
1,441
4,279
4,686
-66.3%
Other liabilities
2,155
3,001
3,162
-28.2%
Total liabilities and equity
8,634
11,535
11,857
-25.2%
Fixed assets
280
539
540
-48.1%
Goodwill
2,113
1,995
4,259
+5.9%
Intangible assets
322
1,632
1,747
-80.3%
Cash and equivalents
86.3
217
104
-60.2%
Inventory
357
524
565
-31.9%
Other assets
5,476
6,629
4,642
-17.4%
Total assets
8,634
11,535
11,857
-25.2%
10-K for the year ended 31 December 2017, filed 19 February 2019: the filing.