Ulta Beauty (ULTA) FY2016 results: revenue $4.9 billion, up 23.7% on the year
Ulta Beauty, Inc. (ULTA) reported revenue of $4.9 billion for fiscal 2016, the year ended 28 January 2017, up 23.7% on the year before. Net income was $410 million, up 28.0%, and diluted earnings per share $6.52. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2019.
Revenue
$4.9 billion
+23.7% on the year
FY2009FY2016
Operating margin
13.5%
12.9% a year earlier
FY2009FY2016
Net income
$410 million
+28.0% on the year
FY2009FY2016
Diluted EPS
$6.52
+30.9% 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
4,855
3,924
3,241
+23.7%
Cost of revenue
3,108
2,540
2,105
+22.4%
Gross profit
1,747
1,384
1,137
+26.2%
Gross margin
36.0%
35.3%
35.1%
Selling, general and administrative
1,074
863
712
+24.4%
Operating income
655
506
410
+29.3%
Operating margin
13.5%
12.9%
12.7%
Pre-tax income
656
507
411
+29.2%
Income tax
246
187
154
+31.2%
Effective tax rate
37.5%
36.9%
37.5%
Net income
410
320
257
+28.0%
Net margin
8.4%
8.2%
7.9%
Diluted EPS
$6.52
$4.98
$3.98
+30.9%
$ 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
634
376
397
+68.8%
Capital expenditure
374
299
249
+24.9%
Free cash flow
261
76.7
148
+239.8%
Free cash flow margin
5.4%
2.0%
4.6%
Cash from investing
-273
-279
n/a
Cash from financing
-322
-140
n/a
Depreciation and amortisation
210
165
132
+27.4%
Share-based compensation
19.3
15.6
14.9
+24.0%
Buybacks
344
167
39.9
+105.7%
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
63m
64m
65m
-2.2%
Shares outstanding at period end
62m
64m
64m
-2.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
1,550
1,443
1,248
+7.4%
Debt
0.0
0.0
0.0
Other liabilities
1,002
788
736
+27.1%
Total liabilities and equity
2,552
2,231
1,983
+14.4%
Fixed assets
1,004
848
717
+18.5%
Investments
30.0
130
150
-76.9%
Cash and equivalents
385
346
389
+11.3%
Receivables
88.6
65.0
52.4
+36.4%
Other assets
1,044
842
674
+23.9%
Total assets
2,552
2,231
1,983
+14.4%
10-K for the year ended 28 January 2017, filed 2 April 2019: the filing.