Trimble (TRMB) FY2017 results: revenue $2.7 billion, up 12.4% on the year
Trimble Inc. (TRMB) reported revenue of $2.7 billion for fiscal 2017, the year ended 29 December 2017, up 12.4% on the year before. Net income was $118 million, down 10.6%, and diluted earnings per share $0.47. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2018.
Revenue
$2.7 billion
+12.4% on the year
FY2010FY2017
Operating margin
8.9%
7.6% a year earlier
FY2010FY2017
Net income
$118 million
-10.6% on the year
FY2010FY2017
Diluted EPS
$0.47
-9.6% 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
2,654
2,362
2,290
+12.4%
Cost of revenue
1,262
1,124
1,088
+12.2%
Gross profit
1,378
1,234
1,202
+11.6%
Gross margin
51.9%
52.3%
52.5%
Research and development
370
350
337
+5.9%
Operating income
236
180
154
+30.7%
Operating margin
8.9%
7.6%
6.7%
Pre-tax income
248
176
152
+40.9%
Income tax
130
43.9
31.1
+195.4%
Effective tax rate
52.3%
24.9%
20.5%
Net income
118
132
121
-10.6%
Net margin
4.5%
5.6%
5.3%
Diluted EPS
$0.47
$0.52
$0.47
-9.6%
$ 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
430
n/a
357
Capital expenditure
43.7
26.0
43.9
+68.1%
Free cash flow
386
n/a
313
Free cash flow margin
14.5%
n/a
13.7%
Cash from investing
-371
n/a
n/a
Cash from financing
66.5
n/a
n/a
Depreciation and amortisation
97.6
99.2
106
-1.6%
Share-based compensation
64.8
52.6
50.1
+23.2%
Buybacks
285
120
234
+138.7%
Diluted shares, weighted
257m
254m
258m
+1.1%
Shares outstanding at period end
249m
251m
251m
-1.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,414
2,306
2,220
+4.7%
Non-controlling interest
0.0
-0.1
0.9
Debt
918
625
735
+47.0%
Other liabilities
984
743
725
+32.3%
Total liabilities and equity
4,316
3,674
3,681
+17.5%
Fixed assets
174
144
159
+20.7%
Goodwill
2,287
2,078
2,106
+10.1%
Intangible assets
365
333
487
+9.5%
Investments
179
111
0.0
+61.0%
Cash and equivalents
358
216
116
+65.9%
Receivables
428
366
362
+16.8%
Inventory
265
213
261
+24.1%
Other assets
261
212
189
+23.0%
Total assets
4,316
3,674
3,681
+17.5%
10-K for the year ended 29 December 2017, filed 27 February 2018: the filing.