The Toro Company
Income Statement
| Line Item | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 | FY2010 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.51B | $2.39B | $2.39B | $2.17B | $2.04B | $1.96B | $1.88B | $1.69B |
| Cost of Revenue | $1.58B | $1.52B | $1.55B | $1.40B | $1.32B | $1.29B | $1.25B | $1.11B |
| Gross Profit | $920.8M | $874.6M | $835.9M | $773.3M | $724.8M | $673.1M | $636.6M | $576.4M |
| Gross Margin | 36.8% | 36.6% | 35.0% | 35.6% | 35.5% | 34.4% | 33.8% | 34.1% |
| Operating Expenses | ||||||||
| Research & Development | $80.4M | $77.4M | — | — | — | — | — | — |
| SG&A Expense | $565.7M | $540.2M | $536.8M | $510.1M | $494.1M | $467.5M | $452.2M | $425.1M |
| Operating Income | $355.1M | $334.4M | $299.1M | $263.2M | $230.7M | $205.6M | $184.5M | $151.3M |
| Operating Margin | 14.2% | 14.0% | 12.5% | 12.1% | 11.3% | 10.5% | 9.8% | 8.9% |
| Interest Expense | $19.1M | $19.3M | $18.8M | $15.4M | $16.2M | $16.9M | $17.0M | $17.1M |
| Pretax Income | $353.2M | $330.5M | $291.0M | $256.4M | $226.7M | $196.3M | $174.8M | $141.3M |
| Income Tax Expense | $85.5M | $99.5M | $89.4M | $82.6M | $71.9M | $66.7M | $57.2M | $48.0M |
| Net Income | $267.7M | $231.0M | $201.6M | $173.9M | $154.8M | $129.5M | $117.7M | $93.2M |
| Net Margin | 10.7% | 9.7% | 8.4% | 8.0% | 7.6% | 6.6% | 6.2% | 5.5% |
| EPS (Basic) | $2.47 | $2.10 | $1.81 | $1.54 | $2.67 | $2.18 | $1.88 | $1.41 |
| EPS (Diluted) | $2.41 | $2.06 | $1.78 | $1.51 | $2.62 | $2.14 | $1.85 | $1.39 |
| Shares Outstanding (Basic) | 108.3M | 109.8M | 111.1M | 112.7M | 57.9M | 59.4M | 62.5M | 66.0M |
| Shares Outstanding (Diluted) | 111.3M | 112.0M | 113.5M | 115.3M | 59.1M | 60.6M | 63.6M | 66.9M |
| Dividends Per Share | $0.70 | $0.60 | $0.50 | $0.40 | $0.56 | $0.44 | $0.40 | $0.36 |