Short answer
Kbr Inc (KBR) filed its fiscal 2017 10-K annual report with the SEC on Feb 23, 2018. It reported revenue of $4.2B (−2.3% year over year) and net income of $434M.
- Top risk flagged: U.S. government audits by DCAA and DCMA, including Federal False Claims Act exposure, could trigger treble damages or contract termination
FY2017 key financial metrics · XBRL
- Revenue
- $4.2B
- −2.3% YoY
- Net income
- $434M
- +811.5% YoY
- Operating margin
- 6.4%
- +5.7 pp YoY
- Gross margin
- 8.2%
- +5.6 pp YoY
- EPS (diluted)
- $3.06
- +811.6% YoY
- ROE
- 35.3%
- +43.4 pp YoY
- Operating cash flow
- $193M
- +216.4% YoY
Source: XBRL data from the Kbr Inc (KBR) FY2017 10-K on SEC EDGAR. USD.
Kbr Inc FY2017 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Global full-life-cycle professional services and technologies provider across government services and hydrocarbons
- Sigma Bravo acquisition: $9 million Australian defense software, training, information management and technical support provider
- Portfolio rebalanced toward long-term, reimbursable government services after 2016 acquisitions, under unified KBRwyle brand
- International projects generated 52% of consolidated revenue, up from 51% in 2016
- Non-strategic projects substantially complete, shifting focus toward three core segments and contract close-outs
Management Discussion & Analysis
- Revenue $4.171B, down $97M or 2% YoY, despite Government Services growth of $834M
- Government Services best performer: revenue $2.2B, up 61%, gross profit $155M
- Engineering & Construction weakest: revenue $1.6B, down 31%, gross profit $108M
- Operating cash flow $193M, debt reduction $180M, share repurchases $53M, dividends $45M, capex included in $12M investing outflow
- Outlook: $300M-$400M Ichthys funding need, plus $391M U.K. pension deficit risk
Risk Factors
- U.S. government audits by DCAA and DCMA, including Federal False Claims Act exposure, could trigger treble damages or contract termination
- Geopolitical exposure in Iraq, Afghanistan, Africa and the Middle East, including terrorism and civil unrest disrupting operations
- Ichthys LNG joint venture cost increases, with expected working-capital advances of $300 million to $400 million over 12 months
- Oil and gas capital-spending declines, including LNG and refining projects, could reduce demand for KBR services
- Acquisition-related debt, including a $1 billion credit line, increases covenant-violation and variable-interest-rate risk
Generated from the filing text; verify against the original. How to read a 10-K
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