ACI Worldwide (ACIW) FY2017 results: revenue $1.0 billion, up 1.8% on the year
ACI Worldwide, Inc. (ACIW) reported revenue of $1.0 billion for fiscal 2017, the year ended 31 December 2017, up 1.8% on the year before. Net income was $5 million, down 96.0%, and diluted earnings per share $0.04. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$1.0 billion
+1.8% on the year
FY2010FY2017
Operating margin
8.3%
22.0% a year earlier
FY2010FY2017
Net income
$5 million
-96.0% on the year
FY2010FY2017
Diluted EPS
$0.04
-96.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,024
1,006
1,046
+1.8%
Cost of revenue
452
445
472
+1.7%
Gross profit
572
561
574
+2.0%
Gross margin
55.8%
55.8%
54.8%
Operating income
84.6
221
128
-61.7%
Operating margin
8.3%
22.0%
12.2%
Interest expense
39.0
40.2
41.4
-2.9%
Pre-tax income
43.6
186
113
-76.5%
Income tax
38.4
56.0
27.9
-31.4%
Effective tax rate
88.2%
30.2%
24.6%
Net income
5.1
130
85.4
-96.0%
Net margin
0.5%
12.9%
8.2%
Diluted EPS
$0.04
$1.09
$0.72
-96.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
146
99.8
n/a
+46.4%
Capital expenditure
25.7
40.8
27.3
-37.0%
Free cash flow
120
59.0
n/a
+104.1%
Free cash flow margin
11.8%
5.9%
n/a
Cash from investing
-54.4
130
n/a
Cash from financing
-98.1
-251
n/a
Depreciation and amortisation
102
103
97.4
-1.2%
Share-based compensation
13.7
43.6
18.4
-68.6%
Buybacks
37.4
60.1
n/a
-37.8%
Dividend per share
$0.00
$0.00
$0.00
Diluted shares, weighted
119m
119m
119m
+0.5%
Shares outstanding at period end
117m
117m
119m
-0.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
765
755
654
+1.3%
Debt
686
744
924
-7.8%
Other liabilities
411
403
397
+1.9%
Total liabilities and equity
1,862
1,902
1,976
-2.1%
Fixed assets
80.2
79.0
60.6
+1.6%
Goodwill
910
910
913
0.0%
Intangible assets
191
204
257
-6.1%
Cash and equivalents
69.7
75.8
102
-8.0%
Receivables
263
268
219
-2.0%
Other assets
348
366
424
-5.0%
Total assets
1,862
1,902
1,976
-2.1%
10-K for the year ended 31 December 2017, filed 1 March 2019: the filing.