SiriusPoint (SPNT) FY2016 results: revenue $689 million, up 19.9% on the year
SiriusPoint Ltd. (SPNT) reported revenue of $689 million for fiscal 2016, the year ended 31 December 2016, up 19.9% on the year before. Net income was $28 million, and diluted earnings per share $0.26. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$689 million
+19.9% on the year
FY2011FY2016
Operating margin
5.0%
-15.7% a year earlier
FY2011FY2016
Net income
$28 million
FY2011FY2016
Diluted EPS
$0.26
FY2011FY2016
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
689
575
530
+19.9%
Operating income
34.5
-90.3
62.4
Operating margin
5.0%
-15.7%
11.8%
Interest expense
8.2
7.2
0.0
+13.8%
Pre-tax income
34.5
-90.3
62.4
Income tax
5.6
-2.9
5.6
Effective tax rate
16.2%
n/a
9.1%
Net income
27.6
-87.4
50.4
Net margin
4.0%
-15.2%
9.5%
Diluted EPS
$0.26
-$0.84
$0.47
$ 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
4.8
188
122
-97.5%
Cash from investing
-85.3
-164
-119
Cash from financing
38.1
-32.2
-6.3
Share-based compensation
8.9
10.9
9.3
-17.8%
Buybacks
7.4
n/a
n/a
Diluted shares, weighted
106m
104m
106m
+1.5%
Shares outstanding at period end
107m
105m
104m
+1.0%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,414
1,380
1,452
+2.5%
Non-controlling interest
35.7
16.2
100
+120.8%
Redeemable equity
0.0
n/a
n/a
Other liabilities
2,446
2,149
1,301
+13.8%
Total liabilities and equity
3,896
3,545
2,853
+9.9%
Cash and equivalents
10.0
20.4
28.7
-51.2%
Other assets
3,886
3,525
2,824
+10.2%
Total assets
3,896
3,545
2,853
+9.9%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.