Teleflex (TFX) FY2016 results: revenue $1.9 billion, up 3.2% on the year
Teleflex Inc. (TFX) reported revenue of $1.9 billion for fiscal 2016, the year ended 31 December 2016, up 3.2% on the year before. Net income was $237 million, down 3.1%, and diluted earnings per share $4.98. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$1.9 billion
+3.2% on the year
FY2009FY2016
Operating margin
17.1%
17.5% a year earlier
FY2009FY2016
Net income
$237 million
-3.1% on the year
FY2009FY2016
Diluted EPS
$4.98
-2.4% 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
1,868
1,810
1,840
+3.2%
Cost of revenue
872
865
897
+0.8%
Gross profit
996
944
942
+5.5%
Gross margin
53.3%
52.2%
51.2%
Research and development
58.6
52.1
61.0
+12.4%
Selling, general and administrative
563
569
579
-1.0%
Operating income
319
316
285
+1.1%
Operating margin
17.1%
17.5%
15.5%
Interest expense
54.9
61.3
65.5
-10.4%
Pre-tax income
246
245
220
+0.4%
Income tax
8.1
7.8
28.6
+3.0%
Effective tax rate
3.3%
3.2%
13.0%
Net income
237
245
188
-3.1%
Net margin
12.7%
13.5%
10.2%
Diluted EPS
$4.98
$5.10
$4.04
-2.4%
$ 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
408
301
287
+35.8%
Capital expenditure
53.1
61.4
67.6
-13.5%
Free cash flow
355
239
219
+48.5%
Free cash flow margin
19.0%
13.2%
11.9%
Depreciation and amortisation
128
125
127
+2.4%
Share-based compensation
16.9
14.5
12.2
+16.6%
Dividends paid
59.0
56.5
56.3
+4.3%
Dividend per share
$1.36
$1.36
$1.36
0.0%
Diluted shares, weighted
48m
48m
46m
-0.9%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,138
2,009
1,911
+6.4%
Non-controlling interest
0.0
1.8
2.4
Redeemable equity
1.8
0.0
n/a
Debt
1,033
1,059
1,068
-2.4%
Other liabilities
719
808
941
-11.1%
Total liabilities and equity
3,891
3,879
3,923
+0.3%
Fixed assets
303
316
317
-4.2%
Goodwill
1,277
1,296
1,324
-1.5%
Intangible assets
1,092
1,200
1,217
-9.0%
Cash and equivalents
544
338
303
+60.7%
Receivables
272
262
274
+3.6%
Inventory
316
330
336
-4.3%
Other assets
88.0
136
153
-35.1%
Total assets
3,891
3,879
3,923
+0.3%
10-K for the year ended 31 December 2016, filed 21 February 2019: the filing.