Interface (TILE) FY2017 results: revenue $996 million, up 3.9% on the year
Interface Inc. (TILE) reported revenue of $996 million for fiscal 2017, the year ended 31 December 2017, up 3.9% on the year before. Net income was $53 million, down 1.7%, and diluted earnings per share $0.86. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2020.
Revenue
$996 million
+3.9% on the year
FY2010FY2017
Operating margin
11.2%
9.1% a year earlier
FY2010FY2017
Net income
$53 million
-1.7% on the year
FY2010FY2017
Diluted EPS
$0.86
+3.6% 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
996
959
1,002
+3.9%
Cost of revenue
610
590
619
+3.5%
Gross profit
386
369
383
+4.7%
Gross margin
38.7%
38.5%
38.2%
Research and development
14.0
14.3
14.5
-2.1%
Selling, general and administrative
267
262
269
+2.1%
Operating income
112
87.2
114
+28.0%
Operating margin
11.2%
9.1%
11.3%
Interest expense
7.1
6.1
6.4
+16.3%
Pre-tax income
101
79.1
106
+27.0%
Income tax
47.3
25.0
33.3
+89.4%
Effective tax rate
47.0%
31.6%
31.5%
Net income
53.2
54.2
72.4
-1.7%
Net margin
5.3%
5.7%
7.2%
Diluted EPS
$0.86
$0.83
$1.10
+3.6%
$ 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
103
98.1
126
+5.4%
Capital expenditure
30.5
28.1
27.2
+8.6%
Free cash flow
72.9
70.0
99.3
+4.1%
Free cash flow margin
7.3%
7.3%
9.9%
Cash from investing
-31.1
-26.4
-26.5
Cash from financing
-157
19.6
-73.6
Depreciation and amortisation
30.3
30.6
30.8
-1.2%
Buybacks
91.6
18.5
13.3
+395.1%
Dividends paid
15.5
14.3
11.9
+8.4%
Dividend per share
$0.25
$0.22
$0.18
+13.6%
Diluted shares, weighted
62m
65m
66m
-4.8%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
330
341
342
-3.1%
Debt
230
270
214
-15.0%
Other liabilities
241
224
201
+7.2%
Total liabilities and equity
801
835
757
-4.2%
Fixed assets
213
205
211
+4.0%
Goodwill
68.8
61.2
63.9
+12.3%
Investments
0.0
0.0
0.0
Cash and equivalents
87.0
166
75.7
-47.5%
Receivables
143
126
130
+13.3%
Inventory
178
156
161
+14.0%
Other assets
111
122
114
-8.6%
Total assets
801
835
757
-4.2%
10-K for the year ended 31 December 2017, filed 26 February 2020: the filing.