S&P Global (SPGI) FY2016 results: revenue $5.7 billion, up 6.5% on the year
S&P Global Inc. (SPGI) reported revenue of $5.7 billion for fiscal 2016, the year ended 31 December 2016, up 6.5% on the year before. Net income was $2.1 billion, up 82.2%, and diluted earnings per share $7.94. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2017.
Revenue
$5.7 billion
+6.5% on the year
FY2009FY2016
Operating margin
59.0%
36.1% a year earlier
FY2009FY2016
Net income
$2.1 billion
+82.2% on the year
FY2009FY2016
Diluted EPS
$7.94
+88.6% 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
5,661
5,313
5,051
+6.5%
Cost of revenue
1,773
1,718
1,651
+3.2%
Gross profit
3,888
3,595
3,400
+8.2%
Gross margin
68.7%
67.7%
67.3%
Selling, general and administrative
1,467
1,532
3,144
-4.2%
Operating income
3,341
1,917
113
+74.3%
Operating margin
59.0%
36.1%
2.2%
Interest expense
181
102
59.0
+77.5%
Pre-tax income
3,188
1,815
54.0
+75.6%
Income tax
960
547
245
+75.5%
Effective tax rate
30.1%
30.1%
453.7%
Net income
2,106
1,156
-115
+82.2%
Net margin
37.2%
21.8%
-2.3%
Diluted EPS
$7.94
$4.21
-$0.42
+88.6%
$ 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
1,560
356
1,209
+338.2%
Capital expenditure
115
139
92.0
-17.3%
Free cash flow
1,445
217
1,117
+565.9%
Free cash flow margin
25.5%
4.1%
22.1%
Cash from investing
1,171
-2,525
-65.0
Cash from financing
-1,662
1,349
-462
Depreciation and amortisation
181
157
134
+15.3%
Share-based compensation
76.0
78.0
100
-2.6%
Buybacks
1,123
974
362
+15.3%
Dividends paid
380
363
326
+4.7%
Dividend per share
$1.44
$1.32
$1.20
+9.1%
Diluted shares, weighted
265m
275m
272m
-3.4%
Shares outstanding at period end
258m
265m
272m
-2.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
650
194
488
+235.1%
Non-controlling interest
51.0
49.0
51.0
+4.1%
Redeemable equity
1,080
920
810
+17.4%
Debt
3,564
3,611
799
-1.3%
Other liabilities
3,324
3,409
4,623
-2.5%
Total liabilities and equity
8,669
8,183
6,771
+5.9%
Fixed assets
271
270
206
+0.4%
Goodwill
2,949
2,882
1,387
+2.3%
Intangible assets
1,506
1,522
1,004
-1.1%
Investments
8.0
6.0
3.0
+33.3%
Cash and equivalents
2,392
1,481
2,497
+61.5%
Receivables
1,122
991
932
+13.2%
Other assets
421
1,031
742
-59.2%
Total assets
8,669
8,183
6,771
+5.9%
10-K for the year ended 31 December 2016, filed 9 February 2017: the filing.