Weyerhaeuser (WY) FY2016 results: revenue $6.4 billion, up 21.3% on the year
Weyerhaeuser Co. (WY) reported revenue of $6.4 billion for fiscal 2016, the year ended 31 December 2016, up 21.3% on the year before. Net income was $1.0 billion, up 103.0%, and diluted earnings per share $1.39. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$6.4 billion
+21.3% on the year
FY2009FY2016
Operating margin
12.9%
12.3% a year earlier
FY2009FY2016
Net income
$1.0 billion
+103.0% on the year
FY2009FY2016
Diluted EPS
$1.39
+56.2% on the year
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
6,365
5,246
5,489
+21.3%
Cost of revenue
4,980
4,153
4,183
+19.9%
Gross profit
1,385
1,093
1,306
+26.7%
Gross margin
21.8%
20.8%
23.8%
Research and development
19.0
18.0
20.0
+5.6%
Operating income
822
644
987
+27.6%
Operating margin
12.9%
12.3%
18.0%
Interest expense
431
341
338
+26.4%
Pre-tax income
504
353
687
+42.8%
Income tax
89.0
-58.0
71.0
Effective tax rate
17.7%
-16.4%
10.3%
Net income
1,027
506
1,826
+103.0%
Net margin
16.1%
9.6%
33.3%
Diluted EPS
$1.39
$0.89
$3.18
+56.2%
$ 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
735
1,075
1,109
-31.6%
Capital expenditure
451
443
354
+1.8%
Free cash flow
284
632
755
-55.1%
Free cash flow margin
4.5%
12.0%
13.8%
Cash from investing
2,559
-487
361
Cash from financing
-3,630
-1,156
-725
Depreciation and amortisation
565
479
338
+18.0%
Share-based compensation
60.0
31.0
40.0
+93.5%
Buybacks
2,003
518
203
+286.7%
Dividends paid
932
619
563
+50.6%
Dividend per share
$1.24
$1.20
$1.02
+3.3%
Diluted shares, weighted
722m
520m
561m
+39.0%
Shares outstanding at period end
749m
510m
524m
+46.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
9,180
4,869
5,304
+88.5%
Non-controlling interest
n/a
n/a
0.0
Debt
7,121
5,302
5,402
+34.3%
Other liabilities
2,942
2,549
2,897
+15.4%
Total liabilities and equity
19,243
12,720
13,603
+51.3%
Fixed assets
1,562
1,233
2,623
+26.7%
Goodwill
40.0
40.0
40.0
0.0%
Cash and equivalents
676
1,012
1,580
-33.2%
Receivables
390
276
525
+41.3%
Inventory
358
325
595
+10.2%
Other assets
16,217
9,834
8,240
+64.9%
Total assets
19,243
12,720
13,603
+51.3%
10-K for the year ended 31 December 2016, filed 15 February 2019: the filing.