Rockwell Automation (ROK) FY2017 results: revenue $6.3 billion, up 7.3% on the year
Rockwell Automation, Inc. (ROK) reported revenue of $6.3 billion for fiscal 2017, the year ended 30 September 2017, up 7.3% on the year before. Net income was $826 million, up 13.2%, and diluted earnings per share $6.35. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2019.
Revenue
$6.3 billion
+7.3% on the year
FY2010FY2017
Operating margin
n/a
FY2010FY2017
Net income
$826 million
+13.2% on the year
FY2010FY2017
Diluted EPS
$6.35
+14.2% 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
6,311
5,880
6,308
+7.3%
Cost of revenue
3,643
3,404
3,605
+7.0%
Gross profit
2,668
2,476
2,703
+7.8%
Gross margin
42.3%
42.1%
42.9%
Research and development
348
319
307
+9.1%
Selling, general and administrative
1,558
1,467
1,506
+6.1%
Interest expense
76.2
71.3
63.7
+6.9%
Pre-tax income
1,037
943
1,128
+10.0%
Income tax
212
213
300
-0.8%
Effective tax rate
20.4%
22.6%
26.6%
Net income
826
730
828
+13.2%
Net margin
13.1%
12.4%
13.1%
Diluted EPS
$6.35
$5.56
$6.09
+14.2%
$ 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
1,034
947
1,188
+9.2%
Capital expenditure
142
117
123
+21.2%
Free cash flow
892
830
1,065
+7.5%
Free cash flow margin
14.1%
14.1%
16.9%
Cash from investing
-517
n/a
n/a
Cash from financing
-650
n/a
n/a
Depreciation and amortisation
169
172
162
-1.9%
Share-based compensation
38.5
40.5
41.5
-4.9%
Buybacks
343
508
598
-32.5%
Dividends paid
391
378
350
+3.3%
Dividend per share
$3.04
$2.90
$2.60
+4.8%
Diluted shares, weighted
130m
131m
136m
-0.9%
Shares outstanding at period end
128m
128m
132m
-0.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,664
1,990
2,257
+33.8%
Debt
1,844
1,965
1,501
-6.2%
Other liabilities
2,654
3,146
2,647
-15.6%
Total liabilities and equity
7,162
7,101
6,405
+0.9%
Fixed assets
584
578
606
+1.0%
Goodwill
1,078
1,074
1,029
+0.4%
Intangible assets
238
255
230
-6.8%
Investments
1,450
903
722
+60.6%
Cash and equivalents
1,411
1,526
1,427
-7.6%
Receivables
1,136
1,079
1,041
+5.2%
Inventory
559
527
536
+6.1%
Other assets
707
1,159
815
-39.0%
Total assets
7,162
7,101
6,405
+0.9%
10-K for the year ended 30 September 2017, filed 12 November 2019: the filing.