ACI Worldwide (ACIW) FY2019 results: revenue $1.3 billion, up 24.6% on the year
ACI Worldwide, Inc. (ACIW) reported revenue of $1.3 billion for fiscal 2019, the year ended 31 December 2019, up 24.6% on the year before. Net income was $67 million, down 2.7%, and diluted earnings per share $0.57. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$1.3 billion
+24.6% on the year
FY2012FY2019
Operating margin
9.8%
12.5% a year earlier
FY2012FY2019
Net income
$67 million
-2.7% on the year
FY2012FY2019
Diluted EPS
$0.57
-3.4% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,258
1,010
1,024
+24.6%
Cost of revenue
617
430
452
+43.5%
Gross profit
641
579
572
+10.6%
Gross margin
50.9%
57.4%
55.8%
Operating income
124
126
84.6
-1.7%
Operating margin
9.8%
12.5%
8.3%
Interest expense
64.0
41.5
39.0
+54.2%
Pre-tax income
72.2
91.8
43.6
-21.3%
Income tax
5.1
22.9
38.4
-77.5%
Effective tax rate
7.1%
24.9%
88.2%
Net income
67.1
68.9
5.1
-2.7%
Net margin
5.3%
6.8%
0.5%
Diluted EPS
$0.57
$0.59
$0.04
-3.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
133
184
146
-27.9%
Capital expenditure
23.1
18.3
25.7
+26.5%
Free cash flow
110
166
120
-33.9%
Free cash flow margin
8.7%
16.4%
11.8%
Cash from investing
-830
-45.4
-54.4
Cash from financing
667
-57.7
-98.1
Depreciation and amortisation
123
97.3
102
+25.9%
Share-based compensation
36.8
20.4
13.7
+80.6%
Buybacks
35.6
54.5
37.4
-34.7%
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
119m
118m
119m
+0.8%
Shares outstanding at period end
116m
116m
117m
-0.1%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,130
1,048
765
+7.8%
Debt
1,373
672
686
+104.4%
Operating lease liabilities
46.8
0.0
n/a
Other liabilities
708
402
411
+75.8%
Total liabilities and equity
3,258
2,122
1,862
+53.5%
Fixed assets
70.4
72.7
80.2
-3.2%
Goodwill
1,281
910
910
+40.8%
Intangible assets
357
168
191
+112.3%
Cash and equivalents
121
149
69.7
-18.3%
Receivables
151
348
263
-56.7%
Other assets
1,278
475
348
+168.8%
Total assets
3,258
2,122
1,862
+53.5%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.