Tyson Foods (TSN) FY2016 results: revenue $36.9 billion, down 10.9% on the year
Tyson Foods, Inc. (TSN) reported revenue of $36.9 billion for fiscal 2016, the year ended 1 October 2016, down 10.9% on the year before. Net income was $1.8 billion, up 44.9%, and diluted earnings per share $4.53. The figures are the company's own, from the 10-K it filed with the SEC on 13 November 2018.
Revenue
$36.9 billion
-10.9% on the year
FY2009FY2016
Operating margin
7.7%
5.2% a year earlier
FY2009FY2016
Net income
$1.8 billion
+44.9% on the year
FY2009FY2016
Diluted EPS
$4.53
+53.6% 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
36,881
41,373
37,580
-10.9%
Cost of revenue
32,184
37,456
34,895
-14.1%
Gross profit
4,697
3,917
2,685
+19.9%
Gross margin
12.7%
9.5%
7.1%
Research and development
96.0
75.0
52.0
+28.0%
Selling, general and administrative
1,864
1,748
1,255
+6.6%
Operating income
2,833
2,169
1,430
+30.6%
Operating margin
7.7%
5.2%
3.8%
Pre-tax income
2,598
1,921
1,252
+35.2%
Income tax
826
697
396
+18.5%
Effective tax rate
31.8%
36.3%
31.6%
Net income
1,768
1,220
864
+44.9%
Net margin
4.8%
2.9%
2.3%
Diluted EPS
$4.53
$2.95
$2.37
+53.6%
$ 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
2,716
2,570
1,178
+5.7%
Capital expenditure
695
854
632
-18.6%
Free cash flow
2,021
1,716
546
+17.8%
Free cash flow margin
5.5%
4.1%
1.5%
Cash from investing
-684
-270
-8,800
Cash from financing
-2,377
-2,035
6,915
Depreciation and amortisation
697
701
520
-0.6%
Share-based compensation
81.0
69.0
51.0
+17.4%
Buybacks
1,944
495
295
+292.7%
Dividends paid
216
147
104
+46.9%
Diluted shares, weighted
390m
413m
364m
-5.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
9,608
9,691
8,890
-0.9%
Non-controlling interest
16.0
15.0
14.0
+6.7%
Debt
6,279
6,690
8,178
-6.1%
Other liabilities
6,470
6,608
6,824
-2.1%
Total liabilities and equity
22,373
23,004
23,906
-2.7%
Fixed assets
5,170
5,176
5,130
-0.1%
Goodwill
6,669
6,667
6,706
+0.0%
Intangible assets
5,084
5,168
5,276
-1.6%
Cash and equivalents
349
688
438
-49.3%
Receivables
1,542
1,620
1,684
-4.8%
Inventory
2,732
2,878
3,274
-5.1%
Other assets
827
807
1,398
+2.5%
Total assets
22,373
23,004
23,906
-2.7%
10-K for the year ended 1 October 2016, filed 13 November 2018: the filing.