Weyerhaeuser (WY) FY2017 results: revenue $7.2 billion, up 13.1% on the year
Weyerhaeuser Co. (WY) reported revenue of $7.2 billion for fiscal 2017, the year ended 31 December 2017, up 13.1% on the year before. Net income was $582 million, down 43.3%, and diluted earnings per share $0.77. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$7.2 billion
+13.1% on the year
FY2010FY2017
Operating margin
15.7%
12.9% a year earlier
FY2010FY2017
Net income
$582 million
-43.3% on the year
FY2010FY2017
Diluted EPS
$0.77
-44.6% 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
7,196
6,365
5,246
+13.1%
Cost of revenue
5,298
4,980
4,153
+6.4%
Gross profit
1,898
1,385
1,093
+37.0%
Gross margin
26.4%
21.8%
20.8%
Research and development
14.0
19.0
18.0
-26.3%
Operating income
1,131
822
644
+37.6%
Operating margin
15.7%
12.9%
12.3%
Interest expense
393
431
341
-8.8%
Pre-tax income
716
504
353
+42.1%
Income tax
134
89.0
-58.0
+50.6%
Effective tax rate
18.7%
17.7%
-16.4%
Net income
582
1,027
506
-43.3%
Net margin
8.1%
16.1%
9.6%
Diluted EPS
$0.77
$1.39
$0.89
-44.6%
$ 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
1,201
735
1,075
+63.4%
Capital expenditure
358
451
443
-20.6%
Free cash flow
843
284
632
+196.8%
Free cash flow margin
11.7%
4.5%
12.0%
Cash from investing
367
2,559
-487
-85.7%
Cash from financing
-1,420
-3,630
-1,156
Depreciation and amortisation
521
565
479
-7.8%
Share-based compensation
40.0
60.0
31.0
-33.3%
Buybacks
0.0
2,003
518
Dividends paid
941
932
619
+1.0%
Dividend per share
$1.25
$1.24
$1.20
+0.8%
Diluted shares, weighted
757m
722m
520m
+4.7%
Shares outstanding at period end
755m
749m
510m
+0.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
8,899
9,180
4,869
-3.1%
Debt
6,294
7,121
5,302
-11.6%
Other liabilities
2,866
2,942
2,549
-2.6%
Total liabilities and equity
18,059
19,243
12,720
-6.2%
Fixed assets
1,618
1,562
1,233
+3.6%
Goodwill
40.0
40.0
40.0
0.0%
Cash and equivalents
824
676
1,012
+21.9%
Receivables
396
390
276
+1.5%
Inventory
383
358
325
+7.0%
Other assets
14,798
16,217
9,834
-8.8%
Total assets
18,059
19,243
12,720
-6.2%
10-K for the year ended 31 December 2017, filed 15 February 2019: the filing.