AYI FY 2017 Earnings Report — Acuity Brands, Inc. Revenue & Financial Results | Market Cap Arena

Acuity Brands, Inc.AYI

FY 2017 Earnings

Reported October 26, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2017	Prior Q	FY 2016	QoQ Change	YoY Change
Revenue	$3.5B	—	$3.3B	—	6.5%
Op. Income	$528M	—	$475M	—	11.0%
Gross Margin	42.3%	—	43.6%	—	-1.4pp
Net Margin	9.2%	—	8.8%	—	0.3pp
EPS (Diluted)	$7.43	—	$6.63	—	12.1%
Free Cash Flow	$249M	—	$262M	—	-5.0%

Revenue Flow

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$951M
General & Administrative	$0
SG&A Expenses	$942M
Other Expenses	$11M
Operating Expenses	$954M
Cost & Expenses	$3.0B
OPERATING INCOME	$528M
Interest Income	$2M
Interest Expense	$34M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$493M
Income Tax Expense	$171M
Net Income from Continuing Ops	$322M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$322M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$322M
D&A	$75M
EBIT	$527M
EBITDA	$601M
EPS	$7
EPS Diluted	$7

Income Statement

Item	Amount
REVENUE	$3.5B
Cost of Revenue	$2.0B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$951M
General & Administrative	$0
SG&A Expenses	$942M
Other Expenses	$11M
Operating Expenses	$954M
Cost & Expenses	$3.0B
OPERATING INCOME	$528M
Interest Income	$2M
Interest Expense	$34M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$493M
Income Tax Expense	$171M
Net Income from Continuing Ops	$322M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$322M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$322M
D&A	$75M
EBIT	$527M
EBITDA	$601M
EPS	$7
EPS Diluted	$7

Cash Flow Statement

Item	Amount
Net Income	$322M
Depreciation & Amortization	$75M
Stock-Based Compensation	$32M
Deferred Income Tax	-$8M
Other Non-Cash Items	-$12M
Change in Working Capital	-$92M
OPERATING CASH FLOW	$316M
Capital Expenditure	-$67M
Acquisitions (Net)	$6M
Purchases of Investments	$0
Sales/Maturities of Investments	$13M
Other Investing Activities	$5M
NET CASH FROM INVESTING	-$49M
Net Debt Issuance	$1M
Common Stock Repurchased	-$358M
Common Dividends Paid	-$23M
Other Financing Activities	$5M
NET CASH FROM FINANCING	-$371M
FREE CASH FLOW	$249M
Net Change in Cash	-$102M

Balance Sheet

Item	Amount
Cash & Equivalents	$311M
Short-Term Investments	$0
Net Receivables	$573M
Inventory	$329M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$288M
Goodwill	$901M
Intangible Assets	$449M
Long-Term Investments	$0
Tax Assets	$3M
Other Non-Current Assets	$13M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$2.9B
Account Payables	$395M
Short-Term Debt	$400.0K
Deferred Revenue	$0
Other Current Liabilities	$42M
TOTAL CURRENT LIABILITIES	$601M
Long-Term Debt	$357M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$108M
Other Non-Current Liabilities	$168M
TOTAL NON-CURRENT LIABILITIES	$633M
TOTAL LIABILITIES	$1.2B
Common Stock	$500.0K
Additional Paid-In Capital	$881M
Retained Earnings	$1.7B
Treasury Stock	-$776M
Accum. Other Comp. Income	-$100M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$2.9B
Total Debt	$357M
Net Debt	$46M