Ziff Davis (ZD) FY2017 results: revenue $1.1 billion, up 27.9% on the year
Ziff Davis, Inc. (ZD) reported revenue of $1.1 billion for fiscal 2017, the year ended 31 December 2017, up 27.9% on the year before. Net income was $139 million, down 8.5%, and diluted earnings per share $2.83. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2018.
Revenue
$1.1 billion
+27.9% on the year
FY2010FY2017
Operating margin
22.0%
27.7% a year earlier
FY2010FY2017
Net income
$139 million
-8.5% on the year
FY2010FY2017
Diluted EPS
$2.83
-9.6% 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
1,118
874
721
+27.9%
Cost of revenue
172
147
n/a
+17.1%
Gross profit
946
727
598
+30.0%
Gross margin
84.6%
83.2%
82.9%
Research and development
46.0
38.0
34.3
+20.9%
Operating income
246
243
199
+1.3%
Operating margin
22.0%
27.7%
27.7%
Interest expense
59.2
42.7
43.6
+38.6%
Pre-tax income
200
211
157
-5.4%
Income tax
60.5
59.0
23.3
+2.6%
Effective tax rate
30.3%
27.9%
14.8%
Net income
139
152
134
-8.5%
Net margin
12.5%
17.4%
18.5%
Diluted EPS
$2.83
$3.13
$2.73
-9.6%
$ 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
264
282
229
-6.4%
Capital expenditure
39.6
24.7
17.3
+60.0%
Free cash flow
225
258
212
-12.7%
Free cash flow margin
20.1%
29.5%
29.4%
Cash from investing
-158
-449
-336
Cash from financing
112
41.1
-67.4
+171.7%
Depreciation and amortisation
162
122
93.2
+32.7%
Share-based compensation
22.7
13.7
11.8
+66.6%
Buybacks
9.8
56.5
3.7
-82.6%
Dividends paid
73.5
65.8
58.8
+11.6%
Dividend per share
$1.52
$1.36
$1.22
+11.8%
Diluted shares, weighted
49m
48m
48m
+1.5%
Shares outstanding at period end
48m
47m
48m
+0.9%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,020
915
890
+11.6%
Non-controlling interest
n/a
n/a
0.0
Debt
1,002
781
601
+28.4%
Other liabilities
431
367
292
+17.3%
Total liabilities and equity
2,453
2,062
1,784
+18.9%
Fixed assets
79.8
68.1
57.4
+17.2%
Goodwill
1,197
1,123
808
+6.6%
Intangible assets
453
479
320
-5.4%
Investments
57.7
0.1
158
+96,103.3%
Cash and equivalents
351
124
256
+183.1%
Receivables
234
200
115
+17.2%
Other assets
80.9
68.7
70.4
+17.8%
Total assets
2,453
2,062
1,784
+18.9%
10-K for the year ended 31 December 2017, filed 1 March 2018: the filing.