Silgan Holdings (SLGN) FY2017 results: revenue $4.1 billion, up 13.2% on the year
Silgan Holdings Inc. (SLGN) reported revenue of $4.1 billion for fiscal 2017, the year ended 31 December 2017, up 13.2% on the year before. Net income was $270 million, up 75.8%, and diluted earnings per share $2.42. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$4.1 billion
+13.2% on the year
FY2010FY2017
Operating margin
8.7%
8.3% a year earlier
FY2010FY2017
Net income
$270 million
+75.8% on the year
FY2010FY2017
Diluted EPS
$2.42
+89.8% 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
4,090
3,613
3,764
+13.2%
Cost of revenue
3,455
3,101
3,210
+11.4%
Gross profit
635
512
554
+24.0%
Gross margin
15.5%
14.2%
14.7%
Selling, general and administrative
305
220
220
+38.8%
Operating income
357
300
320
+19.1%
Operating margin
8.7%
8.3%
8.5%
Interest expense
110
67.8
66.9
+62.6%
Pre-tax income
240
232
253
+3.3%
Income tax
-30.0
78.6
80.5
Effective tax rate
-12.5%
33.9%
31.8%
Net income
270
153
172
+75.8%
Net margin
6.6%
4.2%
4.6%
Diluted EPS
$2.42
$1.27
$1.41
+89.8%
$ 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
390
395
335
-1.2%
Capital expenditure
174
192
237
-9.1%
Free cash flow
215
203
98.1
+6.3%
Free cash flow margin
5.3%
5.6%
2.6%
Cash from investing
-1,198
-180
-237
Cash from financing
837
-289
-221
Depreciation and amortisation
174
143
142
+21.7%
Share-based compensation
14.6
13.0
12.1
+12.5%
Buybacks
4.1
281
173
-98.5%
Dividends paid
40.5
40.9
39.7
-0.9%
Dividend per share
$0.36
$0.17
$0.32
+111.8%
Diluted shares, weighted
111m
120m
123m
-7.6%
Shares outstanding at period end
110m
110m
121m
+0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
766
469
639
+63.2%
Debt
2,564
1,571
1,526
+63.2%
Other liabilities
1,315
1,109
1,028
+18.6%
Total liabilities and equity
4,645
3,149
3,193
+47.5%
Fixed assets
1,490
1,157
1,125
+28.8%
Goodwill
1,171
605
613
+93.7%
Intangible assets
417
181
195
+130.7%
Cash and equivalents
53.5
24.7
99.9
+116.8%
Receivables
455
288
281
+57.8%
Inventory
721
603
628
+19.6%
Other assets
338
291
250
+16.0%
Total assets
4,645
3,149
3,193
+47.5%
10-K for the year ended 31 December 2017, filed 28 February 2019: the filing.