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Valaris (VAL) FY2016 results: revenue $2.8 billion

Valaris Ltd. (VAL) reported revenue of $2.8 billion for fiscal 2016, the year ended 31 December 2016. Net income was $890 million, and diluted earnings per share $12.52. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.

Revenue
$2.8 billion
FY2016FY2016
Operating margin
33.5%
FY2016FY2016
Net income
$890 million
FY2016FY2016
Diluted EPS
$12.52
FY2016FY2016

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2016Last 8 years
Revenue2,776
Operating income929
Operating margin33.5%
Interest expense229
Pre-tax income998
Income tax108
Effective tax rate10.9%
Net income890
Net margin32.1%
Diluted EPS$12.52
$ 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

$ millionFY2016Last 8 years
Capital expenditure322
Cash from financing529
Share-based compensation39.6
Dividends paid11.6
Dividend per share$0.16

Balance sheet

$ millionFY2016Last 8 years
Shareholders' equity8,251
Non-controlling interest4.4
Debt5,274
Other liabilities845
Total liabilities and equity14,374
Fixed assets10,919
Intangible assets0.3
Investments1,443
Cash and equivalents1,160
Receivables361
Inventory225
Other assets266
Total assets14,374

10-K for the year ended 31 December 2016, filed 28 February 2019: the filing.