Revvity (RVTY) FY2016 results: revenue $2.1 billion, up 0.5% on the year
Revvity, Inc. (RVTY) reported revenue of $2.1 billion for fiscal 2016, the year ended 1 January 2017, up 0.5% on the year before. Net income was $234 million, up 10.3%, and diluted earnings per share $2.12. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2017.
Revenue
$2.1 billion
+0.5% on the year
FY2009FY2016
Operating margin
13.9%
11.9% a year earlier
FY2009FY2016
Net income
$234 million
+10.3% on the year
FY2009FY2016
Diluted EPS
$2.12
+13.4% 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
2,116
2,105
2,070
+0.5%
Cost of revenue
1,102
1,141
1,135
-3.4%
Gross profit
1,013
964
935
+5.1%
Gross margin
47.9%
45.8%
45.2%
Research and development
124
113
108
+10.4%
Selling, general and administrative
590
587
648
+0.6%
Operating income
295
251
165
+17.4%
Operating margin
13.9%
11.9%
8.0%
Interest expense
41.5
38.0
36.3
+9.3%
Pre-tax income
244
209
124
+16.9%
Income tax
28.4
20.0
-6.3
+41.7%
Effective tax rate
11.6%
9.6%
-5.1%
Net income
234
212
158
+10.3%
Net margin
11.1%
10.1%
7.6%
Diluted EPS
$2.12
$1.87
$1.39
+13.4%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
351
287
282
+22.1%
Capital expenditure
31.7
28.2
27.2
+12.3%
Free cash flow
319
259
254
+23.2%
Free cash flow margin
15.1%
12.3%
12.3%
Cash from investing
-83.9
-101
-296
Cash from financing
-115
-107
30.9
Depreciation and amortisation
100.0
105
110
-5.1%
Share-based compensation
17.2
17.3
14.1
-0.7%
Buybacks
152
76.4
65.5
+98.6%
Dividends paid
30.8
31.6
31.6
-2.4%
Dividend per share
$0.28
$0.28
$0.28
0.0%
Diluted shares, weighted
110m
113m
114m
-2.6%
Shares outstanding at period end
112m
112m
112m
0.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,154
2,110
2,042
+2.0%
Debt
1,046
1,013
1,053
+3.3%
Other liabilities
1,077
1,043
1,039
+3.2%
Total liabilities and equity
4,277
4,166
4,134
+2.6%
Fixed assets
145
138
176
+5.8%
Goodwill
2,248
2,237
2,244
+0.5%
Intangible assets
420
486
490
-13.5%
Investments
1.7
1.6
1.6
+5.8%
Cash and equivalents
359
238
175
+51.0%
Receivables
426
415
471
+2.5%
Inventory
247
259
285
-4.9%
Other assets
430
392
291
+9.6%
Total assets
4,277
4,166
4,134
+2.6%
10-K for the year ended 1 January 2017, filed 28 February 2017: the filing.