Agilent Technologies (A) FY2018 results: revenue $4.9 billion, up 9.9% on the year
Agilent Technologies, Inc. (A) reported revenue of $4.9 billion for fiscal 2018, the year ended 31 October 2018, up 9.9% on the year before. Net income was $316 million, down 53.8%, and diluted earnings per share $0.97. The figures are the company's own, from the 10-K it filed with the SEC on 20 December 2018.
Revenue
$4.9 billion
+9.9% on the year
FY2011FY2018
Operating margin
18.4%
18.0% a year earlier
FY2011FY2018
Net income
$316 million
-53.8% on the year
FY2011FY2018
Diluted EPS
$0.97
-53.8% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
4,914
4,472
4,202
+9.9%
Cost of revenue
2,234
2,063
2,005
+8.3%
Gross profit
2,680
2,409
2,197
+11.2%
Gross margin
54.5%
53.9%
52.3%
Research and development
387
341
329
+13.5%
Selling, general and administrative
1,389
1,251
1,253
+11.0%
Operating income
904
807
615
+12.0%
Operating margin
18.4%
18.0%
14.6%
Interest expense
75.0
79.0
72.0
-5.1%
Pre-tax income
946
974
859
-2.9%
Income tax
630
119
82.0
+429.4%
Effective tax rate
66.6%
12.2%
9.5%
Net income
316
684
462
-53.8%
Net margin
6.4%
15.3%
11.0%
Diluted EPS
$0.97
$2.10
$1.40
-53.8%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,087
889
793
+22.3%
Capital expenditure
177
176
139
+0.6%
Free cash flow
910
713
654
+27.6%
Free cash flow margin
18.5%
15.9%
15.6%
Cash from investing
-704
-304
-238
Cash from financing
-797
-202
-268
Depreciation and amortisation
210
212
246
-0.9%
Share-based compensation
70.0
60.0
58.0
+16.7%
Buybacks
422
194
434
+117.5%
Dividends paid
191
170
150
+12.4%
Dividend per share
$0.60
$0.53
$0.46
+12.9%
Diluted shares, weighted
325m
326m
329m
-0.3%
Shares outstanding at period end
318m
322m
614m
-1.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
4,567
4,831
4,243
-5.5%
Non-controlling interest
4.0
4.0
3.0
0.0%
Short-term borrowings
0.0
n/a
n/a
Debt
1,792
2,011
1,904
-10.9%
Other liabilities
2,178
1,580
1,652
+37.8%
Total liabilities and equity
8,541
8,426
7,802
+1.4%
Fixed assets
822
757
639
+8.6%
Goodwill
2,973
2,607
2,517
+14.0%
Intangible assets
491
361
416
+36.0%
Investments
68.0
138
135
-50.7%
Trading assets
30.0
n/a
n/a
Cash and equivalents
2,247
2,678
2,289
-16.1%
Receivables
776
724
631
+7.2%
Inventory
638
575
533
+11.0%
Other assets
496
586
642
-15.4%
Total assets
8,541
8,426
7,802
+1.4%
10-K for the year ended 31 October 2018, filed 20 December 2018: the filing.