Sally Beauty Holdings (SBH) FY2016 results: revenue $4.0 billion, up 3.1% on the year
Sally Beauty Holdings, Inc. (SBH) reported revenue of $4.0 billion for fiscal 2016, the year ended 30 September 2016, up 3.1% on the year before. Net income was $223 million, down 5.2%, and diluted earnings per share $1.50. The figures are the company's own, from the 10-K it filed with the SEC on 14 November 2018.
Revenue
$4.0 billion
+3.1% on the year
FY2009FY2016
Operating margin
12.6%
12.9% a year earlier
FY2009FY2016
Net income
$223 million
-5.2% on the year
FY2009FY2016
Diluted EPS
$1.50
+0.7% 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
3,953
3,834
3,753
+3.1%
Cost of revenue
1,989
1,936
1,893
+2.7%
Gross profit
1,964
1,898
1,860
+3.5%
Gross margin
49.7%
49.5%
49.6%
Selling, general and administrative
1,466
1,313
1,274
+11.6%
Operating income
498
495
507
+0.6%
Operating margin
12.6%
12.9%
13.5%
Interest expense
144
117
116
+23.4%
Pre-tax income
354
378
391
-6.5%
Income tax
131
143
145
-8.6%
Effective tax rate
37.0%
37.9%
37.0%
Net income
223
235
246
-5.2%
Net margin
5.6%
6.1%
6.6%
Diluted EPS
$1.50
$1.49
$1.51
+0.7%
$ 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
354
301
316
+17.7%
Capital expenditure
151
106
76.6
+42.2%
Free cash flow
203
194
239
+4.3%
Free cash flow margin
5.1%
5.1%
6.4%
Cash from investing
-175
-113
n/a
Cash from financing
-232
-152
n/a
Depreciation and amortisation
99.7
89.4
79.7
+11.5%
Share-based compensation
12.6
16.8
22.1
-25.0%
Buybacks
209
228
333
-8.1%
Diluted shares, weighted
149m
158m
163m
-6.0%
Shares outstanding at period end
145m
151m
155m
-4.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-276
-298
-347
Debt
1,800
1,800
1,800
0.0%
Other liabilities
571
592
551
-3.5%
Total liabilities and equity
2,095
2,094
2,004
+0.0%
Fixed assets
320
271
238
+18.0%
Goodwill
533
524
536
+1.6%
Intangible assets
93.0
98.8
115
-6.0%
Cash and equivalents
86.6
140
107
-38.1%
Receivables
46.9
48.6
51.8
-3.4%
Inventory
907
885
828
+2.5%
Other assets
109
126
128
-13.9%
Total assets
2,095
2,094
2,004
+0.0%
10-K for the year ended 30 September 2016, filed 14 November 2018: the filing.