Ziff Davis (ZD) FY2016 results: revenue $874 million, up 21.3% on the year
Ziff Davis, Inc. (ZD) reported revenue of $874 million for fiscal 2016, the year ended 31 December 2016, up 21.3% on the year before. Net income was $152 million, up 14.1%, and diluted earnings per share $3.13. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2017.
Revenue
$874 million
+21.3% on the year
FY2009FY2016
Operating margin
27.7%
27.7% a year earlier
FY2009FY2016
Net income
$152 million
+14.1% on the year
FY2009FY2016
Diluted EPS
$3.13
+14.7% 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
874
721
599
+21.3%
Cost of revenue
147
n/a
n/a
Gross profit
727
598
493
+21.6%
Gross margin
83.2%
82.9%
82.3%
Research and development
38.0
34.3
30.7
+10.8%
Operating income
243
199
186
+21.7%
Operating margin
27.7%
27.7%
31.1%
Interest expense
42.7
43.6
32.5
-2.1%
Pre-tax income
211
157
155
+34.7%
Income tax
59.0
23.3
29.8
+153.4%
Effective tax rate
27.9%
14.8%
19.2%
Net income
152
134
124
+14.1%
Net margin
17.4%
18.5%
20.8%
Diluted EPS
$3.13
$2.73
$2.58
+14.7%
$ 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
282
229
177
+23.3%
Capital expenditure
24.7
17.3
11.8
+43.1%
Free cash flow
258
212
165
+21.7%
Free cash flow margin
29.5%
29.4%
27.6%
Cash from investing
-449
-336
-275
Cash from financing
41.1
-67.4
328
Depreciation and amortisation
122
93.2
63.0
+31.0%
Share-based compensation
13.7
11.8
8.9
+15.7%
Buybacks
56.5
3.7
5.7
+1,437.7%
Dividends paid
65.8
58.8
52.3
+11.9%
Dividend per share
$1.36
$1.22
$1.10
+11.5%
Diluted shares, weighted
48m
48m
47m
-0.3%
Shares outstanding at period end
47m
48m
47m
-1.1%
Balance sheet
$ million
FY2016
FY2015
FY2014
On the year
Last 8 years
Shareholders' equity
915
890
820
+2.7%
Non-controlling interest
n/a
0.0
0.0
Debt
781
601
593
+29.8%
Other liabilities
367
292
292
+25.6%
Total liabilities and equity
2,062
1,784
1,705
+15.6%
Fixed assets
68.1
57.4
38.2
+18.5%
Goodwill
1,123
808
636
+39.0%
Intangible assets
479
320
279
+49.7%
Investments
0.1
158
157
-100.0%
Cash and equivalents
124
256
434
-51.5%
Receivables
200
115
91.7
+74.3%
Other assets
68.7
70.4
70.2
-2.4%
Total assets
2,062
1,784
1,705
+15.6%
10-K for the year ended 31 December 2016, filed 1 March 2017: the filing.