Somnigroup International (SGI) FY2016 results: revenue $3.1 billion, down 2.3% on the year
Somnigroup International Inc. (SGI) reported revenue of $3.1 billion for fiscal 2016, the year ended 31 December 2016, down 2.3% on the year before. Net income was $191 million, up 195.5%, and diluted earnings per share $0.80. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$3.1 billion
-2.3% on the year
FY2009FY2016
Operating margin
13.4%
9.7% a year earlier
FY2009FY2016
Net income
$191 million
+195.5% on the year
FY2009FY2016
Diluted EPS
$0.80
+209.7% 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
3,080
3,151
2,990
-2.3%
Cost of revenue
1,790
1,902
1,839
-5.9%
Gross profit
1,290
1,249
1,150
+3.3%
Gross margin
41.9%
39.6%
38.5%
Research and development
26.7
28.7
21.6
-7.0%
Operating income
413
306
276
+34.9%
Operating margin
13.4%
9.7%
9.2%
Interest expense
82.9
102
91.9
-19.1%
Pre-tax income
283
200
175
+41.6%
Income tax
86.3
125
64.9
-31.2%
Effective tax rate
30.5%
62.7%
37.1%
Net income
191
64.5
109
+195.5%
Net margin
6.2%
2.0%
3.6%
Diluted EPS
$0.80
$0.26
$0.44
+209.7%
$ 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
166
234
225
-29.3%
Capital expenditure
61.9
65.9
47.5
-6.1%
Free cash flow
104
168
178
-38.4%
Free cash flow margin
3.4%
5.3%
5.9%
Cash from investing
-62.4
-59.7
-10.4
Cash from financing
-185
-90.7
-238
Depreciation and amortisation
88.6
93.9
89.7
-5.6%
Share-based compensation
16.2
22.5
13.4
-28.0%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
239m
250m
248m
-4.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
-44.9
290
203
Non-controlling interest
3.0
0.0
n/a
Redeemable equity
7.6
12.4
12.6
-38.7%
Debt
1,888
1,455
1,565
+29.8%
Other liabilities
849
898
803
-5.5%
Total liabilities and equity
2,703
2,656
2,583
+1.8%
Fixed assets
422
362
356
+16.7%
Goodwill
699
709
736
-1.4%
Intangible assets
679
695
727
-2.4%
Cash and equivalents
64.6
154
62.5
-58.0%
Receivables
342
379
386
-10.0%
Inventory
197
199
217
-1.2%
Other assets
300
156
98.0
+91.4%
Total assets
2,703
2,656
2,583
+1.8%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.