NCR Voyix (VYX) FY2016 results: revenue $6.5 billion, up 2.7% on the year
NCR Voyix Corp. (VYX) reported revenue of $6.5 billion for fiscal 2016, the year ended 31 December 2016, up 2.7% on the year before. Net income was $270 million, and diluted earnings per share $1.71. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2017.
Revenue
$6.5 billion
+2.7% on the year
FY2009FY2016
Operating margin
10.3%
2.1% a year earlier
FY2009FY2016
Net income
$270 million
FY2009FY2016
Diluted EPS
$1.71
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
6,543
6,373
6,591
+2.7%
Cost of revenue
4,761
4,904
4,859
-2.9%
Gross profit
1,782
1,469
1,732
+21.3%
Gross margin
27.2%
23.1%
26.3%
Research and development
225
230
263
-2.2%
Selling, general and administrative
904
1,042
1,012
-13.2%
Operating income
674
135
353
+399.3%
Operating margin
10.3%
2.1%
5.4%
Interest expense
170
173
181
-1.7%
Pre-tax income
379
-95.0
137
Income tax
92.0
55.0
-48.0
+67.3%
Effective tax rate
24.3%
n/a
-35.0%
Net income
270
-178
191
Net margin
4.1%
-2.8%
2.9%
Diluted EPS
$1.71
-$1.09
$1.12
$ 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
894
681
524
+31.3%
Capital expenditure
73.0
79.0
118
-7.6%
Free cash flow
821
602
406
+36.4%
Free cash flow margin
12.5%
9.4%
6.2%
Cash from investing
-189
-209
-788
Cash from financing
-467
-583
284
Depreciation and amortisation
344
308
284
+11.7%
Share-based compensation
61.0
42.0
31.0
+45.2%
Buybacks
250
0.0
0.0
Diluted shares, weighted
129m
168m
171m
-22.9%
Shares outstanding at period end
125m
133m
169m
-6.3%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
695
720
1,871
-3.5%
Non-controlling interest
4.0
6.0
12.0
-33.3%
Redeemable equity
847
798
0.0
+6.1%
Short-term borrowings
50.0
13.0
187
+284.6%
Debt
3,080
3,286
3,659
-6.3%
Other liabilities
2,997
2,812
2,837
+6.6%
Total liabilities and equity
7,673
7,635
8,566
+0.5%
Fixed assets
287
322
396
-10.9%
Goodwill
2,727
2,733
2,760
-0.2%
Intangible assets
672
798
926
-15.8%
Cash and equivalents
498
328
511
+51.8%
Receivables
1,282
1,251
1,404
+2.5%
Inventory
699
643
669
+8.7%
Other assets
1,508
1,560
1,900
-3.3%
Total assets
7,673
7,635
8,566
+0.5%
10-K for the year ended 31 December 2016, filed 24 February 2017: the filing.