Interface (TILE) FY2016 results: revenue $959 million, down 4.3% on the year
Interface Inc. (TILE) reported revenue of $959 million for fiscal 2016, the year ended 1 January 2017, down 4.3% on the year before. Net income was $54 million, down 25.2%, and diluted earnings per share $0.83. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2017.
Revenue
$959 million
-4.3% on the year
FY2009FY2016
Operating margin
9.1%
11.3% a year earlier
FY2009FY2016
Net income
$54 million
-25.2% on the year
FY2009FY2016
Diluted EPS
$0.83
-24.5% 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
959
1,002
1,004
-4.3%
Cost of revenue
590
619
664
-4.7%
Gross profit
369
383
340
-3.7%
Gross margin
38.5%
38.2%
33.9%
Research and development
14.3
14.5
13.9
-1.4%
Selling, general and administrative
262
269
257
-2.8%
Operating income
87.2
114
70.3
-23.3%
Operating margin
9.1%
11.3%
7.0%
Interest expense
6.1
6.4
20.8
-4.2%
Pre-tax income
79.1
106
35.7
-25.2%
Income tax
25.0
33.3
10.9
-25.1%
Effective tax rate
31.6%
31.5%
30.6%
Net income
54.2
72.4
24.8
-25.2%
Net margin
5.7%
7.2%
2.5%
Diluted EPS
$0.83
$1.10
$0.37
-24.5%
$ 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
98.1
126
46.4
-22.5%
Capital expenditure
28.1
27.2
38.9
+3.2%
Free cash flow
70.0
99.3
7.5
-29.5%
Free cash flow margin
7.3%
9.9%
0.7%
Cash from investing
-26.4
-26.5
-36.5
Cash from financing
19.6
-73.6
-26.2
Depreciation and amortisation
30.6
30.8
30.7
-0.6%
Buybacks
18.5
13.3
7.7
+39.0%
Dividends paid
14.3
11.9
9.3
+20.2%
Dividend per share
$0.22
$0.18
$0.14
+22.2%
Diluted shares, weighted
65m
66m
66m
-1.4%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
341
342
307
-0.5%
Debt
270
214
263
+26.6%
Other liabilities
224
201
205
+11.8%
Total liabilities and equity
835
757
775
+10.4%
Fixed assets
205
211
227
-3.3%
Goodwill
61.2
63.9
70.5
-4.2%
Investments
0.0
0.0
n/a
Cash and equivalents
166
75.7
54.9
+118.9%
Receivables
126
130
157
-3.3%
Inventory
156
161
142
-3.2%
Other assets
122
114
123
+7.0%
Total assets
835
757
775
+10.4%
10-K for the year ended 1 January 2017, filed 2 March 2017: the filing.