Revvity (RVTY) FY2017 results: revenue $2.3 billion, up 6.7% on the year
Revvity, Inc. (RVTY) reported revenue of $2.3 billion for fiscal 2017, the year ended 31 December 2017, up 6.7% on the year before. Net income was $293 million, up 24.9%, and diluted earnings per share $2.64. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2018.
Revenue
$2.3 billion
+6.7% on the year
FY2010FY2017
Operating margin
13.1%
13.9% a year earlier
FY2010FY2017
Net income
$293 million
+24.9% on the year
FY2010FY2017
Diluted EPS
$2.64
+24.5% 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
2,257
2,116
2,105
+6.7%
Cost of revenue
1,184
1,102
1,141
+7.4%
Gross profit
1,073
1,013
964
+5.9%
Gross margin
47.5%
47.9%
45.8%
Research and development
139
124
113
+12.2%
Selling, general and administrative
626
590
587
+6.0%
Operating income
296
295
251
+0.4%
Operating margin
13.1%
13.9%
11.9%
Interest expense
43.9
41.5
38.0
+5.8%
Pre-tax income
297
244
209
+21.6%
Income tax
140
28.4
20.0
+393.0%
Effective tax rate
47.1%
11.6%
9.6%
Net income
293
234
212
+24.9%
Net margin
13.0%
11.1%
10.1%
Diluted EPS
$2.64
$2.12
$1.87
+24.5%
$ 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
288
351
287
-17.7%
Capital expenditure
39.1
31.7
28.2
+23.3%
Free cash flow
249
319
259
-21.8%
Free cash flow margin
11.0%
15.1%
12.3%
Cash from investing
-1,267
-83.9
-101
Cash from financing
782
-115
-107
Depreciation and amortisation
105
100.0
105
+5.0%
Share-based compensation
25.4
17.2
17.3
+48.2%
Buybacks
3.8
152
76.4
-97.5%
Dividends paid
30.8
30.8
31.6
-0.0%
Dividend per share
$0.28
$0.28
$0.28
0.0%
Diluted shares, weighted
111m
110m
113m
+0.5%
Shares outstanding at period end
110m
112m
112m
-1.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,503
2,154
2,110
+16.2%
Debt
2,006
1,046
1,013
+91.7%
Other liabilities
1,582
1,077
1,043
+46.9%
Total liabilities and equity
6,091
4,277
4,166
+42.4%
Fixed assets
298
145
138
+104.9%
Goodwill
3,002
2,248
2,237
+33.6%
Intangible assets
1,347
420
486
+220.5%
Investments
2.2
1.7
1.6
+31.6%
Cash and equivalents
202
359
238
-43.7%
Receivables
552
426
415
+29.8%
Inventory
352
247
259
+42.5%
Other assets
336
430
392
-21.8%
Total assets
6,091
4,277
4,166
+42.4%
10-K for the year ended 31 December 2017, filed 27 February 2018: the filing.