Short answer
Agco Corp (AGCO) filed its fiscal 2016 10-K annual report with the SEC on Feb 28, 2017. It reported revenue of $7.4B and net income of $160M.
- Top risk flagged: Environmental Protection Agency emissions standards: Noncompliance could delay production or prevent equipment sales
FY2016 key financial metrics · XBRL
- Revenue
- $7.4B
- Net income
- $160M
- Operating margin
- 3.9%
- Gross margin
- 20.5%
- EPS (diluted)
- $1.96
- ROE
- 5.8%
- Operating cash flow
- $370M
Source: XBRL data from the Agco Corp (AGCO) FY2016 10-K on SEC EDGAR. USD.
Agco Corp FY2016 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Global agricultural equipment manufacturer, selling branded machinery, replacement parts and financing through 3,000-plus dealers in 150-plus countries
- Precision farming emphasized: satellite steering, field data collection, yield mapping and telemetry-based fleet management
- Manufacturing footprint: 47 locations worldwide, including seven joint-venture sites, supporting localized capacity and cost optimization
- Geographic reach: physical presence in approximately 32 countries, with sales spanning more than 150 countries
- Workforce approximately 19,800 at December 31, 2016, including approximately 4,500 employees in the United States and Canada
Management Discussion & Analysis
- Revenue $7,410.5M, down 0.8% YoY, with $196.0M unfavorable currency impact
- Gross margin 20.5% vs 20.9%; operating margin 3.9% vs 4.8%
- Best region Asia/Pacific sales $479.3M, up 19.2%; worst North America sales $1,807.7M, down 8.0%
- Operating cash flow $369.5M; buybacks $212.5M; finance investments $2.8M
- 2017 sales expected relatively flat; weak North America and Europe demand, currency translation and farm economics remain risks
Risk Factors
- Environmental Protection Agency emissions standards: Noncompliance could delay production or prevent equipment sales
- Brexit: Potential U.K.-E.U. trade restrictions and currency volatility threaten operations and financial results
- Supplier dependence: Component failures could reduce manufacturing, shipments and sales
- Deere & Company and CNH Industrial: Larger rivals possess greater financial and development resources
- Rabobank dependence: AGCO Finance joint ventures fund approximately 40% of tractor and combine retail sales
Generated from the filing text; verify against the original. How to read a 10-K
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