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Solid progress on Yodle integration and strong financial performance that beat profit targets and hit the high end of revenue guidance
Generated $128 million of operating cash flow and $106 million of free cash flow for the year
Paid down $81 million of debt during the year
Repurchased 1.7 million shares for $29 million, of which 0.7 million shares for $11 million were repurchased in the fourth quarter
Total revenue, calculated in accordance with U.S. generally accepted accounting principles (GAAP), was $187.2 million for the fourth quarter of 2016, compared to $138.3 million for the fourth quarter of 2015. Non-GAAP revenue was $188.9 million for the fourth quarter of 2016, compared to $141.3 million in the year ago quarter, and at the high end of the company's guidance range of $186 to $189 million.
GAAP operating income was $12.1 million for the fourth quarter of 2016, compared to $18.9 million for the fourth quarter of 2015, representing a 6% and 14% GAAP operating margin, respectively. Non-GAAP operating income was $41.9 million for the fourth quarter of 2016, representing a 22%
The following information was filed by Web.Com Group, Inc. (WEB) on Thursday, February 9, 2017 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-K Annual Report statement of earnings and operation as management may choose to highlight particular information in the press release.
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