Aaon (AAON) FY2018 results: revenue $434 million, up 7.1% on the year
Aaon, Inc. (AAON) reported revenue of $434 million for fiscal 2018, the year ended 31 December 2018, up 7.1% on the year before. Net income was $42 million, down 21.4%, and diluted earnings per share $0.53. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$434 million
+7.1% on the year
FY2011FY2018
Operating margin
12.8%
18.3% a year earlier
FY2011FY2018
Net income
$42 million
-21.4% on the year
FY2011FY2018
Diluted EPS
$0.53
-20.8% 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
434
405
384
+7.1%
Cost of revenue
330
282
266
+17.3%
Gross profit
104
124
118
-16.3%
Gross margin
23.9%
30.5%
30.8%
Research and development
13.5
13.0
12.0
+3.8%
Selling, general and administrative
48.2
49.4
38.5
-2.4%
Operating income
55.4
74.1
79.6
-25.3%
Operating margin
12.8%
18.3%
20.7%
Pre-tax income
55.5
74.5
80.0
-25.5%
Income tax
13.2
20.8
26.6
-36.7%
Effective tax rate
23.7%
27.9%
33.3%
Net income
42.3
53.8
53.4
-21.4%
Net margin
9.8%
13.3%
13.9%
Diluted EPS
$0.53
$0.67
$0.67
-20.8%
$ 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
54.9
58.0
63.9
-5.4%
Capital expenditure
37.3
41.7
26.6
-10.7%
Free cash flow
17.6
16.3
37.3
+8.0%
Free cash flow margin
4.1%
4.0%
9.7%
Cash from investing
-34.6
-31.1
n/a
Cash from financing
-39.7
-29.6
n/a
Depreciation and amortisation
17.7
15.0
13.0
+17.6%
Share-based compensation
7.9
6.3
4.4
+24.5%
Dividends paid
16.7
13.7
12.7
+21.9%
Dividend per share
$0.21
$0.17
$0.16
+23.1%
Diluted shares, weighted
79m
80m
80m
-0.8%
Shares outstanding at period end
78m
79m
79m
-0.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
249
239
208
+4.4%
Debt
0.0
n/a
n/a
Other liabilities
58.8
57.9
48.1
+1.6%
Total liabilities and equity
308
297
257
+3.8%
Fixed assets
163
142
115
+14.5%
Goodwill
3.2
0.0
n/a
Intangible assets
0.5
0.0
n/a
Securities held for sale or to maturity
0.0
6.1
14.1
Cash and equivalents
2.0
21.5
24.2
-90.7%
Receivables
54.1
50.3
43.0
+7.4%
Inventory
77.6
70.8
47.4
+9.6%
Other assets
7.8
5.7
13.0
+35.3%
Total assets
308
297
257
+3.8%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.