Unitil (UTL) FY2017 results: revenue $406 million, up 5.9% on the year
Unitil Corp. (UTL) reported revenue of $406 million for fiscal 2017, the year ended 31 December 2017, up 5.9% on the year before. Net income was $29 million, up 7.0%, and diluted earnings per share $2.06. The figures are the company's own, from the 10-K it filed with the SEC on 1 February 2018.
Revenue
$406 million
+5.9% on the year
FY2010FY2017
Operating margin
18.6%
18.3% a year earlier
FY2010FY2017
Net income
$29 million
+7.0% on the year
FY2010FY2017
Diluted EPS
$2.06
+6.2% 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
406
383
427
+5.9%
Operating income
75.4
70.2
63.1
+7.4%
Operating margin
18.6%
18.3%
14.8%
Interest expense
25.5
23.7
23.8
+7.6%
Pre-tax income
46.5
42.5
41.7
+9.4%
Income tax
17.5
15.4
15.4
+14.0%
Effective tax rate
37.6%
36.1%
37.0%
Net income
29.0
27.1
26.3
+7.0%
Net margin
7.1%
7.1%
6.2%
Diluted EPS
$2.06
$1.94
$1.89
+6.2%
$ 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
86.2
68.3
115
+26.2%
Capital expenditure
119
98.1
104
+21.6%
Free cash flow
-33.1
-29.8
11.2
Free cash flow margin
-8.1%
-7.8%
2.6%
Cash from investing
-119
-98.1
n/a
Cash from financing
36.2
26.9
n/a
+34.6%
Dividends paid
20.4
20.0
19.6
+2.0%
Dividend per share
$1.44
$1.42
$1.40
+1.4%
Diluted shares, weighted
14m
14m
14m
+0.8%
Shares outstanding at period end
15m
14m
14m
+5.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
337
293
283
+14.9%
Debt
444
416
365
+7.0%
Other liabilities
461
420
391
+9.8%
Total liabilities and equity
1,242
1,128
1,039
+10.1%
Trading assets
3.6
1.9
0.7
+89.5%
Cash and equivalents
8.9
5.8
8.7
+53.4%
Receivables
67.4
52.9
49.8
+27.4%
Other assets
1,162
1,068
980
+8.8%
Total assets
1,242
1,128
1,039
+10.1%
10-K for the year ended 31 December 2017, filed 1 February 2018: the filing.