ERIC FY 2016 Earnings Report — Telefonaktiebolaget LM Ericsson (publ) Revenue & Financial Results | Market Cap Arena

Telefonaktiebolaget LM Ericsson (publ)ERIC

FY 2016 Earnings

Reported April 26, 2017

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2016	Prior Q	FY 2015	QoQ Change	YoY Change
Revenue	$25.7B	—	$26.7B	—	-3.5%
Op. Income	$1.6B	—	$2.9B	—	-46.2%
Gross Margin	30.6%	—	34.3%	—	-3.8pp
Net Margin	0.8%	—	5.5%	—	-4.7pp
EPS (Diluted)	$0.06	—	$0.45	—	-86.7%
Free Cash Flow	$910M	—	$1.3B	—	-31.2%

Revenue Flow

Item	Amount
REVENUE	$25.7B
Cost of Revenue	$17.9B
GROSS PROFIT	$7.9B
R&D Expenses	$3.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.2B
Other Expenses	$0
Operating Expenses	$6.3B
Cost & Expenses	$24.2B
OPERATING INCOME	$1.6B
Interest Income	$4M
Interest Expense	$190M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$465M
Income Tax Expense	$246M
Net Income from Continuing Ops	$219M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$198M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$198M
D&A	$1.0B
EBIT	$652M
EBITDA	$1.7B
EPS	$0
EPS Diluted	$0

Income Statement

Item	Amount
REVENUE	$25.7B
Cost of Revenue	$17.9B
GROSS PROFIT	$7.9B
R&D Expenses	$3.1B
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$3.2B
Other Expenses	$0
Operating Expenses	$6.3B
Cost & Expenses	$24.2B
OPERATING INCOME	$1.6B
Interest Income	$4M
Interest Expense	$190M
Other Income/Expenses	-$1.1B
INCOME BEFORE TAX	$465M
Income Tax Expense	$246M
Net Income from Continuing Ops	$219M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$198M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$198M
D&A	$1.0B
EBIT	$652M
EBITDA	$1.7B
EPS	$0
EPS Diluted	$0

Cash Flow Statement

Item	Amount
Net Income	$198M
Depreciation & Amortization	$1.0B
Stock-Based Compensation	$0
Deferred Income Tax	$0
Other Non-Cash Items	-$300M
Change in Working Capital	$694M
OPERATING CASH FLOW	$1.6B
Capital Expenditure	-$708M
Acquisitions (Net)	-$16M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$285M
NET CASH FROM INVESTING	-$957M
Net Debt Issuance	$53M
Common Stock Repurchased	-$3M
Common Dividends Paid	-$1.4B
Other Financing Activities	-$28M
NET CASH FROM FINANCING	-$1.4B
FREE CASH FLOW	$910M
Net Change in Cash	-$694M

Balance Sheet

Item	Amount
Cash & Equivalents	$4.0B
Short-Term Investments	$1.5B
Net Receivables	$9.7B
Inventory	$3.5B
Other Current Assets	$0
TOTAL CURRENT ASSETS	$19.1B
PP&E (Net)	$1.8B
Goodwill	$4.7B
Intangible Assets	$1.7B
Long-Term Investments	$1.8B
Tax Assets	$2.1B
Other Non-Current Assets	$0
TOTAL NON-CURRENT ASSETS	$12.1B
TOTAL ASSETS	$31.2B
Account Payables	$2.8B
Short-Term Debt	$875M
Deferred Revenue	$2.1B
Other Current Liabilities	$3.6B
TOTAL CURRENT LIABILITIES	$10.3B
Long-Term Debt	$2.0B
Deferred Revenue NC	$0
Deferred Tax Liabilities	$616M
Other Non-Current Liabilities	$3.0B
TOTAL NON-CURRENT LIABILITIES	$5.6B
TOTAL LIABILITIES	$15.9B
Common Stock	$1.8B
Additional Paid-In Capital	$2.7B
Retained Earnings	$10.7B
Treasury Stock	$0
Accum. Other Comp. Income	$0
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$15.2B
Minority Interest	$73M
TOTAL EQUITY	$15.3B
TOTAL LIABILITIES & EQUITY	$31.2B
Total Debt	$2.9B
Net Debt	-$1.1B