Seagate Technology Holdings (STX) FY2017 results: revenue $10.8 billion, down 3.5% on the year
Seagate Technology Holdings plc (STX) reported revenue of $10.8 billion for fiscal 2017, the year ended 30 June 2017, down 3.5% on the year before. Net income was $772 million, up 211.3%, and diluted earnings per share $2.58. The figures are the company's own, from the 10-K it filed with the SEC on 3 August 2018.
Revenue
$10.8 billion
-3.5% on the year
FY2010FY2017
Operating margin
9.8%
4.0% a year earlier
FY2010FY2017
Net income
$772 million
+211.3% on the year
FY2010FY2017
Diluted EPS
$2.58
+214.6% 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
10,771
11,160
13,739
-3.5%
Cost of revenue
7,597
8,545
9,930
-11.1%
Gross profit
3,174
2,615
3,809
+21.4%
Gross margin
29.5%
23.4%
27.7%
Research and development
1,232
1,237
1,353
-0.4%
Selling, general and administrative
606
635
857
-4.6%
Operating income
1,054
445
2,058
+136.9%
Operating margin
9.8%
4.0%
15.0%
Interest expense
222
193
207
+15.0%
Pre-tax income
815
274
1,970
+197.4%
Income tax
43.0
26.0
228
+65.4%
Effective tax rate
5.3%
9.5%
11.6%
Net income
772
248
1,742
+211.3%
Net margin
7.2%
2.2%
12.7%
Diluted EPS
$2.58
$0.82
$5.26
+214.6%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
1,916
1,680
2,647
+14.0%
Capital expenditure
434
587
747
-26.1%
Free cash flow
1,482
1,093
1,900
+35.6%
Free cash flow margin
13.8%
9.8%
13.8%
Cash from investing
-459
-1,211
-1,287
Cash from financing
-46.0
-1,820
-1,495
Depreciation and amortisation
749
815
841
-8.1%
Share-based compensation
137
120
137
+14.2%
Buybacks
460
1,090
1,087
-57.8%
Dividends paid
561
727
664
-22.8%
Dividend per share
$2.52
$2.43
$2.05
+3.7%
Diluted shares, weighted
299m
302m
331m
-1.0%
Shares outstanding at period end
292m
299m
315m
-2.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,364
1,593
3,018
-14.4%
Non-controlling interest
n/a
0.0
0.0
Debt
5,073
4,133
4,158
+22.7%
Other liabilities
2,831
2,487
2,669
+13.8%
Total liabilities and equity
9,268
8,213
9,845
+12.8%
Fixed assets
1,875
2,160
2,278
-13.2%
Goodwill
1,238
1,237
874
+0.1%
Intangible assets
281
448
370
-37.3%
Investments
0.0
6.0
6.0
Cash and equivalents
2,539
1,125
2,479
+125.7%
Receivables
1,199
1,318
1,735
-9.0%
Inventory
982
868
993
+13.1%
Other assets
1,154
1,051
1,110
+9.8%
Total assets
9,268
8,213
9,845
+12.8%
10-K for the year ended 30 June 2017, filed 3 August 2018: the filing.