Silgan Holdings (SLGN) FY2016 results: revenue $3.6 billion, down 4.0% on the year
Silgan Holdings Inc. (SLGN) reported revenue of $3.6 billion for fiscal 2016, the year ended 31 December 2016, down 4.0% on the year before. Net income was $153 million, down 11.1%, and diluted earnings per share $1.27. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$3.6 billion
-4.0% on the year
FY2009FY2016
Operating margin
8.3%
8.5% a year earlier
FY2009FY2016
Net income
$153 million
-11.1% on the year
FY2009FY2016
Diluted EPS
$1.27
-9.3% 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
3,613
3,764
3,912
-4.0%
Cost of revenue
3,101
3,210
3,312
-3.4%
Gross profit
512
554
600
-7.6%
Gross margin
14.2%
14.7%
15.3%
Selling, general and administrative
220
220
224
+0.0%
Operating income
300
320
361
-6.3%
Operating margin
8.3%
8.5%
9.2%
Interest expense
67.8
66.9
74.8
+1.3%
Pre-tax income
232
253
285
-8.3%
Income tax
78.6
80.5
102
-2.4%
Effective tax rate
33.9%
31.8%
35.9%
Net income
153
172
182
-11.1%
Net margin
4.2%
4.6%
4.7%
Diluted EPS
$1.27
$1.41
$1.43
-9.3%
$ 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
395
335
348
+17.6%
Capital expenditure
192
237
140
-19.1%
Free cash flow
203
98.1
208
+106.6%
Free cash flow margin
5.6%
2.6%
5.3%
Cash from investing
-180
-237
-157
Cash from financing
-289
-221
-129
Depreciation and amortisation
143
142
148
+0.6%
Share-based compensation
13.0
12.1
12.4
+7.8%
Buybacks
281
173
24.7
+62.3%
Dividends paid
40.9
39.7
38.6
+2.9%
Dividend per share
$0.17
$0.32
$0.30
-46.9%
Diluted shares, weighted
120m
123m
127m
-1.7%
Shares outstanding at period end
110m
121m
126m
-8.8%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
469
639
710
-26.6%
Debt
1,571
1,526
1,599
+3.0%
Other liabilities
1,109
1,028
965
+7.9%
Total liabilities and equity
3,149
3,193
3,274
-1.4%
Fixed assets
1,157
1,125
1,064
+2.8%
Goodwill
605
613
630
-1.3%
Intangible assets
181
195
212
-7.3%
Cash and equivalents
24.7
99.9
223
-75.3%
Receivables
288
281
311
+2.5%
Inventory
603
628
549
-4.0%
Other assets
291
250
286
+16.3%
Total assets
3,149
3,193
3,274
-1.4%
10-K for the year ended 31 December 2016, filed 28 February 2019: the filing.