Trimble (TRMB) FY2016 results: revenue $2.4 billion, up 3.1% on the year
Trimble Inc. (TRMB) reported revenue of $2.4 billion for fiscal 2016, the year ended 30 December 2016, up 3.1% on the year before. Net income was $132 million, up 9.3%, and diluted earnings per share $0.52. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$2.4 billion
+3.1% on the year
FY2009FY2016
Operating margin
7.6%
6.7% a year earlier
FY2009FY2016
Net income
$132 million
+9.3% on the year
FY2009FY2016
Diluted EPS
$0.52
+10.6% 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
2,362
2,290
2,396
+3.1%
Cost of revenue
1,124
1,088
1,105
+3.3%
Gross profit
1,234
1,202
1,291
+2.7%
Gross margin
52.3%
52.5%
53.9%
Research and development
350
337
318
+3.8%
Operating income
180
154
261
+16.8%
Operating margin
7.6%
6.7%
10.9%
Pre-tax income
176
152
266
+16.0%
Income tax
43.9
31.1
52.1
+41.2%
Effective tax rate
24.9%
20.5%
19.6%
Net income
132
121
214
+9.3%
Net margin
5.6%
5.3%
8.9%
Diluted EPS
$0.52
$0.47
$0.81
+10.6%
$ 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
FY2016
FY2015
FY2014
On the year
Last 8 years
Operating cash flow
n/a
357
407
Capital expenditure
26.0
43.9
47.3
-40.8%
Free cash flow
n/a
313
360
Free cash flow margin
n/a
13.7%
15.0%
Cash from investing
n/a
n/a
-344
Cash from financing
n/a
n/a
-51.5
Depreciation and amortisation
99.2
106
109
-6.9%
Share-based compensation
52.6
50.1
43.4
+5.0%
Buybacks
120
234
97.8
-49.0%
Diluted shares, weighted
254m
258m
264m
-1.8%
Shares outstanding at period end
251m
251m
259m
+0.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,306
2,220
2,342
+3.9%
Non-controlling interest
-0.1
0.9
11.8
Debt
625
735
742
-15.0%
Other liabilities
743
725
761
+2.5%
Total liabilities and equity
3,674
3,681
3,856
-0.2%
Fixed assets
144
159
157
-9.4%
Goodwill
2,078
2,106
2,086
-1.4%
Intangible assets
333
487
595
-31.6%
Investments
111
0.0
n/a
Cash and equivalents
216
116
148
+86.3%
Receivables
366
362
362
+1.2%
Inventory
213
261
278
-18.3%
Other assets
212
189
230
+12.2%
Total assets
3,674
3,681
3,856
-0.2%
10-K for the year ended 30 December 2016, filed 24 February 2017: the filing.