Sabre (SABR) FY2017 results: revenue $3.6 billion, up 6.7% on the year
Sabre Corp. (SABR) reported revenue of $3.6 billion for fiscal 2017, the year ended 31 December 2017, up 6.7% on the year before. Net income was $243 million, unchanged, and diluted earnings per share $0.87. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2018.
Revenue
$3.6 billion
+6.7% on the year
FY2012FY2017
Operating margin
13.7%
13.6% a year earlier
FY2012FY2017
Net income
$243 million
-0.0% on the year
FY2012FY2017
Diluted EPS
$0.87
+1.2% on the year
FY2012FY2017
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
3,598
3,373
2,961
+6.7%
Cost of revenue
2,514
2,288
1,944
+9.9%
Gross profit
1,085
1,086
1,017
-0.1%
Gross margin
30.1%
32.2%
34.3%
Selling, general and administrative
510
626
557
-18.5%
Operating income
493
460
460
+7.4%
Operating margin
13.7%
13.6%
15.5%
Interest expense
154
158
173
-2.7%
Pre-tax income
378
328
354
+15.1%
Income tax
128
86.6
119
+47.8%
Effective tax rate
33.9%
26.4%
33.7%
Net income
243
243
545
-0.0%
Net margin
6.7%
7.2%
18.4%
Diluted EPS
$0.87
$0.86
$1.95
+1.2%
$ 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
673
680
529
-1.0%
Capital expenditure
316
328
287
-3.4%
Free cash flow
357
352
243
+1.3%
Free cash flow margin
9.9%
10.4%
8.2%
Cash from investing
-318
-446
n/a
Cash from financing
-357
-190
n/a
Depreciation and amortisation
265
233
214
+13.5%
Share-based compensation
44.7
48.5
30.0
-7.9%
Buybacks
109
100
98.8
+9.1%
Dividends paid
155
144
98.6
+7.3%
Dividend per share
$0.56
$0.13
$0.09
+330.8%
Diluted shares, weighted
278m
283m
280m
-1.6%
Shares outstanding at period end
274m
277m
275m
-0.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
698
626
484
+11.7%
Debt
3,488
3,478
3,396
+0.3%
Other liabilities
1,463
1,620
1,514
-9.7%
Total liabilities and equity
5,649
5,725
5,394
-1.3%
Fixed assets
799
753
628
+6.1%
Goodwill
2,555
2,548
2,440
+0.3%
Intangible assets
683
775
837
-11.9%
Cash and equivalents
361
364
321
-0.8%
Receivables
491
401
376
+22.4%
Other assets
760
883
792
-13.9%
Total assets
5,649
5,725
5,394
-1.3%
10-K for the year ended 31 December 2017, filed 16 February 2018: the filing.