Sally Beauty Holdings (SBH) FY2017 results: revenue $3.9 billion, down 0.4% on the year
Sally Beauty Holdings, Inc. (SBH) reported revenue of $3.9 billion for fiscal 2017, the year ended 30 September 2017, down 0.4% on the year before. Net income was $215 million, down 3.5%, and diluted earnings per share $1.56. The figures are the company's own, from the 10-K it filed with the SEC on 14 November 2018.
Revenue
$3.9 billion
-0.4% on the year
FY2010FY2017
Operating margin
12.2%
12.6% a year earlier
FY2010FY2017
Net income
$215 million
-3.5% on the year
FY2010FY2017
Diluted EPS
$1.56
+4.0% 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
3,938
3,953
3,834
-0.4%
Cost of revenue
1,973
1,989
1,936
-0.8%
Gross profit
1,965
1,964
1,898
+0.0%
Gross margin
49.9%
49.7%
49.5%
Selling, general and administrative
1,464
1,466
1,313
-0.1%
Operating income
479
498
495
-4.0%
Operating margin
12.2%
12.6%
12.9%
Interest expense
133
144
117
-7.9%
Pre-tax income
346
354
378
-2.4%
Income tax
131
131
143
-0.4%
Effective tax rate
37.8%
37.0%
37.9%
Net income
215
223
235
-3.5%
Net margin
5.5%
5.6%
6.1%
Diluted EPS
$1.56
$1.50
$1.49
+4.0%
$ 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
343
354
301
-3.1%
Capital expenditure
89.7
151
106
-40.7%
Free cash flow
254
203
194
+25.0%
Free cash flow margin
6.4%
5.1%
5.1%
Cash from investing
-89.6
-175
-113
Cash from financing
-277
-232
-152
Depreciation and amortisation
112
99.7
89.4
+12.7%
Share-based compensation
10.5
12.6
16.8
-16.5%
Buybacks
347
209
228
+65.9%
Diluted shares, weighted
138m
149m
158m
-7.1%
Shares outstanding at period end
130m
145m
151m
-10.4%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
-364
-276
-298
Debt
1,891
1,800
1,800
+5.1%
Other liabilities
571
571
592
-0.0%
Total liabilities and equity
2,099
2,095
2,094
+0.2%
Fixed assets
314
320
271
-1.8%
Goodwill
538
533
524
+1.0%
Intangible assets
80.3
93.0
98.8
-13.6%
Cash and equivalents
63.8
86.6
140
-26.4%
Receivables
47.0
46.9
48.6
+0.1%
Inventory
931
907
885
+2.6%
Other assets
126
109
126
+15.3%
Total assets
2,099
2,095
2,094
+0.2%
10-K for the year ended 30 September 2017, filed 14 November 2018: the filing.