Xylem (XYL) FY2017 results: revenue $4.7 billion, up 24.8% on the year
Xylem Inc. (XYL) reported revenue of $4.7 billion for fiscal 2017, the year ended 31 December 2017, up 24.8% on the year before. Net income was $331 million, up 27.3%, and diluted earnings per share $1.83. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$4.7 billion
+24.8% on the year
FY2010FY2017
Operating margin
11.7%
10.8% a year earlier
FY2010FY2017
Net income
$331 million
+27.3% on the year
FY2010FY2017
Diluted EPS
$1.83
+26.2% 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
4,707
3,771
3,653
+24.8%
Cost of revenue
2,856
2,310
2,249
+23.6%
Gross profit
1,847
1,461
1,404
+26.4%
Gross margin
39.2%
38.7%
38.4%
Research and development
181
110
95.0
+64.5%
Selling, general and administrative
1,090
915
854
+19.1%
Operating income
552
408
449
+35.3%
Operating margin
11.7%
10.8%
12.3%
Interest expense
82.0
70.0
55.0
+17.1%
Pre-tax income
466
340
403
+37.1%
Income tax
136
80.0
63.0
+70.0%
Effective tax rate
29.2%
23.5%
15.6%
Net income
331
260
340
+27.3%
Net margin
7.0%
6.9%
9.3%
Diluted EPS
$1.83
$1.45
$1.87
+26.2%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
686
497
464
+38.0%
Capital expenditure
170
124
117
+37.1%
Free cash flow
516
373
347
+38.3%
Free cash flow margin
11.0%
9.9%
9.5%
Cash from investing
-181
-1,886
-132
Cash from financing
-421
1,034
-262
Depreciation and amortisation
234
151
133
+55.0%
Share-based compensation
21.0
18.0
15.0
+16.7%
Buybacks
25.0
4.0
179
+525.0%
Dividends paid
130
112
102
+16.1%
Dividend per share
$0.72
$0.01
$0.01
+11,520.4%
Diluted shares, weighted
181m
180m
182m
+0.5%
Shares outstanding at period end
180m
179m
178m
+0.3%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
2,503
2,190
2,084
+14.3%
Non-controlling interest
16.0
17.0
0.0
-5.9%
Debt
2,200
2,368
1,274
-7.1%
Other liabilities
2,141
1,899
1,299
+12.7%
Total liabilities and equity
6,860
6,474
4,657
+6.0%
Fixed assets
643
616
439
+4.4%
Goodwill
2,768
2,632
1,584
+5.2%
Intangible assets
1,168
1,201
435
-2.7%
Cash and equivalents
414
308
680
+34.4%
Receivables
956
843
749
+13.4%
Inventory
524
522
433
+0.4%
Other assets
387
352
337
+9.9%
Total assets
6,860
6,474
4,657
+6.0%
10-K for the year ended 31 December 2017, filed 22 February 2019: the filing.