Bristow Group (VTOL) FY2017 results: revenue $231 million, down 6.4% on the year
Bristow Group Inc. (VTOL) reported revenue of $231 million for fiscal 2017, the year ended 31 December 2017, down 6.4% on the year before. Net income was -$28 million, and diluted earnings per share $-1.36. The figures are the company's own, from the 10-K it filed with the SEC on 9 March 2018.
Revenue
$231 million
-6.4% on the year
FY2011FY2017
Operating margin
-59.0%
-1.4% a year earlier
FY2011FY2017
Net income
-$28 million
FY2011FY2017
Diluted EPS
-$1.36
FY2011FY2017
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
231
247
282
-6.4%
Operating income
-136
-3.4
24.3
Operating margin
-59.0%
-1.4%
8.6%
Interest expense
16.8
17.3
13.5
-3.2%
Pre-tax income
-153
-19.4
24.0
Income tax
-123
-3.4
14.1
Effective tax rate
n/a
n/a
58.9%
Net income
-28.2
-8.0
8.7
Net margin
-12.2%
-3.2%
3.1%
Diluted EPS
-$1.36
-$0.39
$0.42
$ 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
20.1
58.5
44.5
-65.7%
Capital expenditure
16.8
39.2
60.0
-57.2%
Free cash flow
3.3
19.3
-15.6
-82.8%
Free cash flow margin
1.4%
7.8%
-5.5%
Cash from investing
-6.6
-9.1
-22.8
Cash from financing
-27.5
-33.0
-46.0
Depreciation and amortisation
45.7
49.3
47.3
-7.3%
Share-based compensation
4.6
4.6
3.7
-0.2%
Buybacks
0.1
0.2
2.1
-67.7%
Diluted shares, weighted
21m
20m
20m
+2.0%
Shares outstanding at period end
21m
21m
20m
+2.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
446
468
471
-4.9%
Non-controlling interest
n/a
n/a
0.0
Redeemable equity
3.8
4.2
4.8
-10.8%
Debt
208
236
275
-11.8%
Other liabilities
134
246
253
-45.5%
Total liabilities and equity
792
955
1,004
-17.1%
Fixed assets
674
822
859
-18.0%
Goodwill
n/a
n/a
0.0
Intangible assets
1.1
1.1
1.2
-1.3%
Cash and equivalents
13.6
26.9
14.4
-49.6%
Receivables
33.8
32.5
48.6
+4.2%
Inventory
21.1
25.4
28.0
-16.9%
Other assets
48.5
47.4
53.0
+2.4%
Total assets
792
955
1,004
-17.1%
10-K for the year ended 31 December 2017, filed 9 March 2018: the filing.