NCR Voyix (VYX) FY2017 results: revenue $6.5 billion, down 0.4% on the year
NCR Voyix Corp. (VYX) reported revenue of $6.5 billion for fiscal 2017, the year ended 31 December 2017, down 0.4% on the year before. Net income was $232 million, down 14.1%, and diluted earnings per share $0.97. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2018.
Revenue
$6.5 billion
-0.4% on the year
FY2010FY2017
Operating margin
10.6%
10.3% a year earlier
FY2010FY2017
Net income
$232 million
-14.1% on the year
FY2010FY2017
Diluted EPS
$0.97
-43.3% 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
6,516
6,543
6,373
-0.4%
Cost of revenue
4,652
4,761
4,904
-2.3%
Gross profit
1,864
1,782
1,469
+4.6%
Gross margin
28.6%
27.2%
23.1%
Research and development
241
225
230
+7.1%
Selling, general and administrative
923
904
1,042
+2.1%
Operating income
691
674
135
+2.5%
Operating margin
10.6%
10.3%
2.1%
Interest expense
163
170
173
-4.1%
Pre-tax income
482
379
-95.0
+27.2%
Income tax
242
92.0
55.0
+163.0%
Effective tax rate
50.2%
24.3%
n/a
Net income
232
270
-178
-14.1%
Net margin
3.6%
4.1%
-2.8%
Diluted EPS
$0.97
$1.71
-$1.09
-43.3%
$ 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
752
894
681
-15.9%
Capital expenditure
128
73.0
79.0
+75.3%
Free cash flow
624
821
602
-24.0%
Free cash flow margin
9.6%
12.5%
9.4%
Cash from investing
-290
-189
-209
Cash from financing
-434
-467
-583
Depreciation and amortisation
354
344
308
+2.9%
Share-based compensation
77.0
61.0
42.0
+26.2%
Buybacks
350
250
0.0
+40.0%
Diluted shares, weighted
127m
129m
168m
-1.7%
Shares outstanding at period end
122m
125m
133m
-2.5%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
719
695
720
+3.5%
Non-controlling interest
3.0
4.0
6.0
-25.0%
Redeemable equity
810
847
798
-4.4%
Short-term borrowings
52.0
50.0
13.0
+4.0%
Debt
3,014
3,080
3,286
-2.1%
Other liabilities
3,056
2,997
2,812
+2.0%
Total liabilities and equity
7,654
7,673
7,635
-0.2%
Fixed assets
341
287
322
+18.8%
Goodwill
2,741
2,727
2,733
+0.5%
Intangible assets
578
672
798
-14.0%
Cash and equivalents
537
498
328
+7.8%
Receivables
1,270
1,282
1,251
-0.9%
Inventory
780
699
643
+11.6%
Other assets
1,407
1,508
1,560
-6.7%
Total assets
7,654
7,673
7,635
-0.2%
10-K for the year ended 31 December 2017, filed 26 February 2018: the filing.