Bristow Group (VTOL) FY2016 results: revenue $247 million, down 12.3% on the year
Bristow Group Inc. (VTOL) reported revenue of $247 million for fiscal 2016, the year ended 31 December 2016, down 12.3% on the year before. Net income was -$8 million, and diluted earnings per share $-0.39. The figures are the company's own, from the 10-K it filed with the SEC on 9 March 2017.
Revenue
$247 million
-12.3% on the year
FY2011FY2016
Operating margin
-1.4%
8.6% a year earlier
FY2011FY2016
Net income
-$8 million
FY2011FY2016
Diluted EPS
-$0.39
FY2011FY2016
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
247
282
331
-12.3%
Operating income
-3.4
24.3
42.7
Operating margin
-1.4%
8.6%
12.9%
Interest expense
17.3
13.5
14.8
+28.1%
Pre-tax income
-19.4
24.0
22.6
Income tax
-3.4
14.1
8.3
Effective tax rate
n/a
58.9%
36.6%
Net income
-8.0
8.7
17.1
Net margin
-3.2%
3.1%
5.2%
Diluted EPS
-$0.39
$0.42
$0.84
$ 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
58.5
44.5
78.3
+31.6%
Capital expenditure
39.2
60.0
107
-34.7%
Free cash flow
19.3
-15.6
-28.4
Free cash flow margin
7.8%
-5.5%
-8.6%
Cash from investing
-9.1
-22.8
-93.9
Cash from financing
-33.0
-46.0
26.1
Depreciation and amortisation
49.3
47.3
46.3
+4.2%
Share-based compensation
4.6
3.7
5.8
+24.4%
Buybacks
0.2
2.1
0.0
-92.3%
Diluted shares, weighted
20m
20m
20m
+0.4%
Shares outstanding at period end
21m
20m
20m
+2.2%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
468
471
461
-0.6%
Non-controlling interest
n/a
0.0
-0.3
Redeemable equity
4.2
4.8
0.0
-12.1%
Debt
236
275
310
-14.1%
Other liabilities
246
253
247
-2.7%
Total liabilities and equity
955
1,004
1,017
-4.9%
Fixed assets
822
859
863
-4.4%
Goodwill
n/a
0.0
0.4
Intangible assets
1.1
1.2
0.0
-1.8%
Cash and equivalents
26.9
14.4
40.9
+87.5%
Receivables
32.5
48.6
33.4
-33.2%
Inventory
25.4
28.0
26.9
-9.2%
Other assets
47.4
53.0
52.6
-10.5%
Total assets
955
1,004
1,017
-4.9%
10-K for the year ended 31 December 2016, filed 9 March 2017: the filing.