Rockwell Automation (ROK) FY2016 results: revenue $5.9 billion, down 6.8% on the year
Rockwell Automation, Inc. (ROK) reported revenue of $5.9 billion for fiscal 2016, the year ended 30 September 2016, down 6.8% on the year before. Net income was $730 million, down 11.8%, and diluted earnings per share $5.56. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2016.
Revenue
$5.9 billion
-6.8% on the year
FY2009FY2016
Operating margin
n/a
FY2009FY2016
Net income
$730 million
-11.8% on the year
FY2009FY2016
Diluted EPS
$5.56
-8.7% on the year
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
5,880
6,308
6,624
-6.8%
Cost of revenue
3,404
3,605
3,870
-5.6%
Gross profit
2,476
2,703
2,754
-8.4%
Gross margin
42.1%
42.9%
41.6%
Research and development
319
307
290
+3.9%
Selling, general and administrative
1,467
1,506
1,570
-2.6%
Interest expense
71.3
63.7
59.3
+11.9%
Pre-tax income
943
1,128
1,134
-16.4%
Income tax
213
300
307
-28.8%
Effective tax rate
22.6%
26.6%
27.1%
Net income
730
828
827
-11.8%
Net margin
12.4%
13.1%
12.5%
Diluted EPS
$5.56
$6.09
$5.91
-8.7%
$ 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
947
1,188
1,033
-20.2%
Capital expenditure
117
123
141
-4.9%
Free cash flow
830
1,065
892
-22.0%
Free cash flow margin
14.1%
16.9%
13.5%
Depreciation and amortisation
172
162
152
+6.0%
Share-based compensation
40.5
41.5
42.5
-2.4%
Buybacks
508
598
486
-15.2%
Dividends paid
378
350
320
+8.0%
Dividend per share
$2.90
$2.60
$2.32
+11.5%
Diluted shares, weighted
131m
136m
140m
-3.4%
Shares outstanding at period end
128m
132m
137m
-2.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,990
2,257
2,658
-11.8%
Debt
1,965
1,501
1,225
+30.9%
Other liabilities
3,146
2,647
2,346
+18.9%
Total liabilities and equity
7,101
6,405
6,230
+10.9%
Fixed assets
578
606
633
-4.5%
Goodwill
1,074
1,029
1,051
+4.4%
Intangible assets
255
230
246
+11.2%
Investments
903
722
628
+25.1%
Cash and equivalents
1,526
1,427
1,191
+6.9%
Receivables
1,079
1,041
1,216
+3.7%
Inventory
527
536
588
-1.7%
Other assets
1,159
815
676
+42.2%
Total assets
7,101
6,405
6,230
+10.9%
10-K for the year ended 30 September 2016, filed 15 November 2016: the filing.