Somnigroup International (SGI) FY2017 results: revenue $2.7 billion, down 12.3% on the year
Somnigroup International Inc. (SGI) reported revenue of $2.7 billion for fiscal 2017, the year ended 31 December 2017, down 12.3% on the year before. Net income was $151 million, down 20.6%, and diluted earnings per share $0.69. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$2.7 billion
-12.3% on the year
FY2010FY2017
Operating margin
10.9%
13.4% a year earlier
FY2010FY2017
Net income
$151 million
-20.6% on the year
FY2010FY2017
Diluted EPS
$0.69
-13.2% 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
2,701
3,080
3,151
-12.3%
Cost of revenue
1,580
1,790
1,902
-11.8%
Gross profit
1,121
1,290
1,249
-13.1%
Gross margin
41.5%
41.9%
39.6%
Research and development
21.7
26.7
28.7
-18.7%
Operating income
296
413
306
-28.5%
Operating margin
10.9%
13.4%
9.7%
Interest expense
87.3
82.9
102
+5.3%
Pre-tax income
215
283
200
-24.0%
Income tax
43.8
86.3
125
-49.2%
Effective tax rate
20.3%
30.5%
62.7%
Net income
151
191
64.5
-20.6%
Net margin
5.6%
6.2%
2.0%
Diluted EPS
$0.69
$0.80
$0.26
-13.2%
$ 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
223
166
234
+34.7%
Capital expenditure
66.6
61.9
65.9
+7.6%
Free cash flow
156
104
168
+50.9%
Free cash flow margin
5.8%
3.4%
5.3%
Cash from investing
-62.1
-62.4
-59.7
Cash from financing
-175
-185
-90.7
Depreciation and amortisation
94.0
88.6
93.9
+6.1%
Share-based compensation
13.3
16.2
22.5
-17.9%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
219m
239m
250m
-8.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
112
-44.9
290
Non-controlling interest
0.0
3.0
0.0
Redeemable equity
2.2
7.6
12.4
-71.1%
Debt
1,753
1,888
1,455
-7.2%
Other liabilities
826
849
898
-2.7%
Total liabilities and equity
2,694
2,703
2,656
-0.3%
Fixed assets
434
422
362
+2.7%
Goodwill
733
699
709
+4.8%
Intangible assets
667
679
695
-1.7%
Cash and equivalents
41.1
64.6
154
-36.4%
Receivables
311
342
379
-9.0%
Inventory
179
197
199
-9.0%
Other assets
329
300
156
+9.8%
Total assets
2,694
2,703
2,656
-0.3%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.