Unitil (UTL) FY2016 results: revenue $383 million, down 10.2% on the year
Unitil Corp. (UTL) reported revenue of $383 million for fiscal 2016, the year ended 31 December 2016, down 10.2% on the year before. Net income was $27 million, up 3.0%, and diluted earnings per share $1.94. The figures are the company's own, from the 10-K it filed with the SEC on 2 February 2017.
Revenue
$383 million
-10.2% on the year
FY2009FY2016
Operating margin
18.3%
14.8% a year earlier
FY2009FY2016
Net income
$27 million
+3.0% on the year
FY2009FY2016
Diluted EPS
$1.94
+2.6% 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
383
427
426
-10.2%
Operating income
70.2
63.1
60.0
+11.3%
Operating margin
18.3%
14.8%
14.1%
Interest expense
23.7
23.8
22.2
-0.4%
Pre-tax income
42.5
41.7
38.7
+1.9%
Income tax
15.4
15.4
14.0
-0.6%
Effective tax rate
36.1%
37.0%
36.2%
Net income
27.1
26.3
24.7
+3.0%
Net margin
7.1%
6.2%
5.8%
Diluted EPS
$1.94
$1.89
$1.79
+2.6%
$ 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
68.3
115
84.0
-40.7%
Capital expenditure
98.1
104
92.6
-5.6%
Free cash flow
-29.8
11.2
-8.6
Free cash flow margin
-7.8%
2.6%
-2.0%
Cash from investing
-98.1
n/a
n/a
Cash from financing
26.9
n/a
n/a
Dividends paid
20.0
19.6
19.2
+2.0%
Dividend per share
$1.42
$1.40
$1.38
+1.4%
Diluted shares, weighted
14m
14m
14m
+0.5%
Shares outstanding at period end
14m
14m
14m
+0.5%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
293
283
273
+3.6%
Redeemable equity
n/a
n/a
0.0
Debt
416
365
362
+14.0%
Other liabilities
420
391
362
+7.2%
Total liabilities and equity
1,128
1,039
997
+8.6%
Trading assets
1.9
0.7
0.0
+171.4%
Cash and equivalents
5.8
8.7
8.4
-33.3%
Receivables
52.9
49.8
60.7
+6.2%
Other assets
1,068
980
928
+9.0%
Total assets
1,128
1,039
997
+8.6%
10-K for the year ended 31 December 2016, filed 2 February 2017: the filing.