Take-Two Interactive Software (TTWO) FY2017 results: revenue $1.8 billion, up 25.9% on the year
Take-Two Interactive Software, Inc. (TTWO) reported revenue of $1.8 billion for fiscal 2017, the year ended 31 March 2017, up 25.9% on the year before. Net income was $67 million, and diluted earnings per share $0.72. The figures are the company's own, from the 10-K it filed with the SEC on 14 May 2019.
Revenue
$1.8 billion
+25.9% on the year
FY2010FY2017
Operating margin
5.1%
-0.8% a year earlier
FY2010FY2017
Net income
$67 million
FY2010FY2017
Diluted EPS
$0.72
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
1,780
1,414
1,083
+25.9%
Cost of revenue
1,023
814
795
+25.7%
Gross profit
757
600
288
+26.2%
Gross margin
42.5%
42.4%
26.6%
Operating income
91.3
-10.8
-258
Operating margin
5.1%
-0.8%
-23.9%
Pre-tax income
77.0
-38.4
-273
Income tax
9.7
-30.0
6.6
Effective tax rate
12.6%
n/a
n/a
Net income
67.3
-8.3
-279
Net margin
3.8%
-0.6%
-25.8%
Diluted EPS
$0.72
-$0.10
-$3.48
$ 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
408
261
213
+56.1%
Capital expenditure
21.2
37.3
49.5
-43.2%
Free cash flow
387
224
163
+72.6%
Free cash flow margin
21.7%
15.8%
15.1%
Cash from investing
-129
-325
-220
Cash from financing
-49.8
-48.0
0.9
Depreciation and amortisation
30.7
28.8
21.1
+6.6%
Share-based compensation
81.9
70.0
65.2
+17.0%
Buybacks
0.0
26.6
0.0
Diluted shares, weighted
94m
83m
80m
+12.8%
Shares outstanding at period end
103m
87m
88m
+18.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,004
581
563
+72.6%
Debt
268
538
538
-50.1%
Other liabilities
1,877
1,471
1,131
+27.6%
Total liabilities and equity
3,149
2,590
2,231
+21.6%
Fixed assets
67.3
77.1
69.8
-12.7%
Goodwill
359
359
217
0.0%
Intangible assets
95.4
4.6
4.8
+1,970.6%
Investments
449
471
187
-4.6%
Cash and equivalents
943
799
911
+18.1%
Receivables
220
169
218
+30.3%
Inventory
16.3
15.9
20.1
+2.7%
Other assets
999
695
603
+43.7%
Total assets
3,149
2,590
2,231
+21.6%
10-K for the year ended 31 March 2017, filed 14 May 2019: the filing.