Phillips 66 (PSX) FY2017 results: revenue $102.4 billion, up 21.4% on the year
Phillips 66 (PSX) reported revenue of $102.4 billion for fiscal 2017, the year ended 31 December 2017, up 21.4% on the year before. Net income was $5.1 billion, up 228.4%, and diluted earnings per share $9.85. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2018.
Revenue
$102.4 billion
+21.4% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$5.1 billion
+228.4% on the year
FY2010FY2017
Diluted EPS
$9.85
+237.3% 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
102,354
84,279
98,975
+21.4%
Cost of revenue
79,409
62,468
n/a
+27.1%
Gross profit
22,945
21,811
n/a
+5.2%
Gross margin
22.4%
25.9%
n/a
Research and development
60.0
60.0
65.0
0.0%
Selling, general and administrative
1,695
1,638
1,670
+3.5%
Pre-tax income
3,555
2,191
6,044
+62.3%
Income tax
-1,693
547
1,764
Effective tax rate
-47.6%
25.0%
29.2%
Net income
5,106
1,555
4,227
+228.4%
Net margin
5.0%
1.8%
4.3%
Diluted EPS
$9.85
$2.92
$7.73
+237.3%
$ 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
3,648
2,963
5,713
+23.1%
Cash from investing
-1,146
-3,158
-5,738
Cash from financing
-2,111
-178
-2,117
Depreciation and amortisation
1,318
1,168
1,078
+12.8%
Share-based compensation
142
156
144
-9.0%
Buybacks
1,590
1,042
1,512
+52.6%
Dividends paid
1,395
1,282
1,172
+8.8%
Dividend per share
$2.73
$2.45
$2.18
+11.4%
Diluted shares, weighted
519m
530m
547m
-2.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
25,085
22,390
23,100
+12.0%
Non-controlling interest
2,343
1,335
838
+75.5%
Debt
10,026
9,588
8,843
+4.6%
Other liabilities
16,917
18,340
15,799
-7.8%
Total liabilities and equity
54,371
51,653
48,580
+5.3%
Fixed assets
21,460
20,855
19,721
+2.9%
Goodwill
3,270
3,270
3,275
0.0%
Intangible assets
876
888
906
-1.4%
Cash and equivalents
3,119
2,711
3,074
+15.0%
Receivables
7,506
6,397
n/a
+17.3%
Inventory
3,395
3,150
3,477
+7.8%
Other assets
14,745
14,382
18,127
+2.5%
Total assets
54,371
51,653
48,580
+5.3%
10-K for the year ended 31 December 2017, filed 23 February 2018: the filing.