Xylem (XYL) FY2016 results: revenue $3.8 billion, up 3.2% on the year
Xylem Inc. (XYL) reported revenue of $3.8 billion for fiscal 2016, the year ended 31 December 2016, up 3.2% on the year before. Net income was $260 million, down 23.5%, and diluted earnings per share $1.45. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$3.8 billion
+3.2% on the year
FY2009FY2016
Operating margin
10.8%
12.3% a year earlier
FY2009FY2016
Net income
$260 million
-23.5% on the year
FY2009FY2016
Diluted EPS
$1.45
-22.5% 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
3,771
3,653
3,916
+3.2%
Cost of revenue
2,310
2,249
2,403
+2.7%
Gross profit
1,461
1,404
1,513
+4.1%
Gross margin
38.7%
38.4%
38.6%
Research and development
110
95.0
104
+15.8%
Selling, general and administrative
915
854
920
+7.1%
Operating income
408
449
463
-9.1%
Operating margin
10.8%
12.3%
11.8%
Interest expense
70.0
55.0
54.0
+27.3%
Pre-tax income
340
403
421
-15.6%
Income tax
80.0
63.0
84.0
+27.0%
Effective tax rate
23.5%
15.6%
20.0%
Net income
260
340
337
-23.5%
Net margin
6.9%
9.3%
8.6%
Diluted EPS
$1.45
$1.87
$1.83
-22.5%
$ 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
497
464
416
+7.1%
Capital expenditure
124
117
119
+6.0%
Free cash flow
373
347
297
+7.5%
Free cash flow margin
9.9%
9.5%
7.6%
Cash from investing
-1,886
-132
-86.0
Cash from financing
1,034
-262
-147
Depreciation and amortisation
151
133
142
+13.5%
Share-based compensation
18.0
15.0
18.0
+20.0%
Buybacks
4.0
179
134
-97.8%
Dividends paid
112
102
94.0
+9.8%
Dividend per share
$0.01
$0.01
$0.01
+10.0%
Diluted shares, weighted
180m
182m
184m
-0.9%
Shares outstanding at period end
179m
178m
182m
+0.6%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
2,190
2,084
2,127
+5.1%
Non-controlling interest
17.0
0.0
n/a
Debt
2,368
1,274
1,284
+85.9%
Other liabilities
1,899
1,299
1,422
+46.2%
Total liabilities and equity
6,474
4,657
4,833
+39.0%
Fixed assets
616
439
461
+40.3%
Goodwill
2,632
1,584
1,635
+66.2%
Intangible assets
1,201
435
470
+176.1%
Cash and equivalents
308
680
663
-54.7%
Receivables
843
749
771
+12.6%
Inventory
522
433
486
+20.6%
Other assets
352
337
347
+4.5%
Total assets
6,474
4,657
4,833
+39.0%
10-K for the year ended 31 December 2016, filed 22 February 2019: the filing.