Koninklijke Philips N.V. announced unaudited consolidated earnings results for the fourth quarter and year ended December 31, 2016. For the quarter, the company reported sales of EUR 7,240 million against EUR 7,095 million a year ago. Income from operations was EUR 826 million against EUR 162 million a year ago. Income before taxes was EUR 748 million against EUR 34 million a year ago. Income from continuing operations was EUR 550 million against loss of EUR 112 million a year ago. Net income attributable to company shareholders was EUR 626 million or EUR 0.67 per diluted share against loss of EUR 45 million or EUR 0.05 per diluted share a year ago. Net cash provided by operating activities was EUR 1,076 million against EUR 956 million a year ago. Net capital expenditures were EUR 233 million against EUR 216 million a year ago. Purchase of intangible assets was EUR 28 million against EUR 24 million a year ago. Adjusted EBITA amounted to EUR 1 billion, or 13.8% of sales, compared to 11.9% of sales in the fourth quarter of 2015. EBITA totaled EUR 914 million, or 12.6% of sales, compared to 3.7% of sales in the same period of the previous year. For the full year, the company reported sales of EUR 24,516 million against EUR 24,244 million a year ago. Income from operations was EUR 1,882 million against EUR 992 million a year ago. Income before taxes was EUR 1,389 million against EUR 623 million a year ago. Income from continuing operations was EUR 1,075 million against EUR 414 million a year ago. Net income attributable to company shareholders was EUR 1,448 million or EUR 1.56 per diluted share against EUR 659 million or EUR 0.70 per diluted share a year ago. Net cash provided by operating activities was EUR 1,904 million against EUR 1,167 million a year ago. Net capital expenditures were EUR 831 million against EUR 842 million a year ago. Purchase of intangible assets was EUR 108 million against EUR 121 million a year ago. Net debt was EUR 3,272 million against EUR 3,994 million a year ago. Adjusted EBITA totaled EUR 2.6 billion, or 10.5% of sales, compared to 9.2% of sales in 2015. EBITA amounted to EUR 2.2 billion, or 9.1% of sales, compared to 5.7% of sales in the previous year.