ACI Worldwide (ACIW) FY2018 results: revenue $1.0 billion, down 1.4% on the year
ACI Worldwide, Inc. (ACIW) reported revenue of $1.0 billion for fiscal 2018, the year ended 31 December 2018, down 1.4% on the year before. Net income was $69 million, up 1242.2%, and diluted earnings per share $0.59. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$1.0 billion
-1.4% on the year
FY2011FY2018
Operating margin
12.5%
8.3% a year earlier
FY2011FY2018
Net income
$69 million
+1,242.2% on the year
FY2011FY2018
Diluted EPS
$0.59
+1,375.0% 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
1,010
1,024
1,006
-1.4%
Cost of revenue
430
452
445
-4.8%
Gross profit
579
572
561
+1.3%
Gross margin
57.4%
55.8%
55.8%
Operating income
126
84.6
221
+48.8%
Operating margin
12.5%
8.3%
22.0%
Interest expense
41.5
39.0
40.2
+6.5%
Pre-tax income
91.8
43.6
186
+110.7%
Income tax
22.9
38.4
56.0
-40.5%
Effective tax rate
24.9%
88.2%
30.2%
Net income
68.9
5.1
130
+1,242.2%
Net margin
6.8%
0.5%
12.9%
Diluted EPS
$0.59
$0.04
$1.09
+1,375.0%
$ 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
184
146
99.8
+25.8%
Capital expenditure
18.3
25.7
40.8
-29.0%
Free cash flow
166
120
59.0
+37.5%
Free cash flow margin
16.4%
11.8%
5.9%
Cash from investing
-45.4
-54.4
130
Cash from financing
-57.7
-98.1
-251
Depreciation and amortisation
97.3
102
103
-4.8%
Share-based compensation
20.4
13.7
43.6
+48.8%
Buybacks
54.5
37.4
60.1
+45.8%
Dividend per share
n/a
$0.00
$0.00
Diluted shares, weighted
118m
119m
119m
-1.5%
Shares outstanding at period end
116m
117m
117m
-0.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,048
765
755
+37.1%
Debt
672
686
744
-2.0%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
402
411
403
-2.2%
Total liabilities and equity
2,122
1,862
1,902
+14.0%
Fixed assets
72.7
80.2
79.0
-9.3%
Goodwill
910
910
910
0.0%
Intangible assets
168
191
204
-12.1%
Cash and equivalents
149
69.7
75.8
+113.0%
Receivables
348
263
268
+32.5%
Other assets
475
348
366
+36.6%
Total assets
2,122
1,862
1,902
+14.0%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.