Ralph Lauren (RL) FY2017 results: revenue $6.7 billion, down 10.2% on the year
Ralph Lauren Corp. (RL) reported revenue of $6.7 billion for fiscal 2017, the year ended 1 April 2017, down 10.2% on the year before. Net income was -$99 million, and diluted earnings per share $-1.20. The figures are the company's own, from the 10-K it filed with the SEC on 16 May 2019.
Revenue
$6.7 billion
-10.2% on the year
FY2010FY2017
Operating margin
-1.4%
7.9% a year earlier
FY2010FY2017
Net income
-$99 million
FY2010FY2017
Diluted EPS
-$1.20
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
6,653
7,405
7,620
-10.2%
Cost of revenue
3,002
3,218
3,242
-6.7%
Gross profit
3,651
4,187
4,378
-12.8%
Gross margin
54.9%
56.5%
57.5%
Selling, general and administrative
3,171
3,412
3,301
-7.1%
Operating income
-92.3
582
1,035
Operating margin
-1.4%
7.9%
13.6%
Interest expense
12.4
21.0
16.7
-41.0%
Pre-tax income
-105
552
987
Income tax
-5.6
155
285
Effective tax rate
n/a
28.2%
28.9%
Net income
-99.3
396
702
Net margin
-1.5%
5.3%
9.2%
Diluted EPS
-$1.20
$4.62
$7.88
$ 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
952
1,017
894
-6.3%
Capital expenditure
284
418
391
-32.1%
Free cash flow
668
599
503
+11.6%
Free cash flow margin
10.0%
8.1%
6.6%
Cash from investing
-208
-576
-689
Cash from financing
-518
-483
-421
Depreciation and amortisation
308
310
294
-0.8%
Share-based compensation
63.6
97.0
80.5
-34.4%
Buybacks
215
500
532
-57.0%
Dividends paid
165
170
158
-3.1%
Dividend per share
$2.00
$2.00
$1.85
0.0%
Diluted shares, weighted
83m
86m
89m
-3.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
3,300
3,744
3,891
-11.9%
Debt
588
713
532
-17.5%
Other liabilities
1,764
1,756
1,683
+0.5%
Total liabilities and equity
5,652
6,213
6,106
-9.0%
Fixed assets
1,316
1,583
1,436
-16.9%
Goodwill
905
918
903
-1.5%
Intangible assets
220
244
267
-9.9%
Investments
706
629
652
+12.3%
Cash and equivalents
668
456
500
+46.6%
Receivables
450
517
655
-12.9%
Inventory
792
1,125
1,042
-29.6%
Other assets
596
741
651
-19.6%
Total assets
5,652
6,213
6,106
-9.0%
10-K for the year ended 1 April 2017, filed 16 May 2019: the filing.