Alkermes plc. (ALKS) FY2018 results: revenue $1.1 billion, up 21.1% on the year
Alkermes plc. (ALKS) reported revenue of $1.1 billion for fiscal 2018, the year ended 31 December 2018, up 21.1% on the year before. Net income was -$139 million, and diluted earnings per share $-0.90. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$1.1 billion
+21.1% on the year
FY2013FY2018
Operating margin
-9.1%
-16.4% a year earlier
FY2013FY2018
Net income
-$139 million
FY2013FY2018
Diluted EPS
-$0.90
FY2013FY2018
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
1,094
903
746
+21.1%
Cost of revenue
176
155
132
+14.0%
Gross profit
918
749
614
+22.6%
Gross margin
83.9%
82.9%
82.3%
Research and development
425
413
387
+3.0%
Selling, general and administrative
526
422
374
+24.9%
Operating income
-99.1
-148
-209
Operating margin
-9.1%
-16.4%
-28.0%
Interest expense
15.4
12.0
14.9
+28.6%
Pre-tax income
-127
-143
-214
Income tax
12.3
14.7
-5.9
-15.9%
Net income
-139
-158
-208
Net margin
-12.7%
-17.5%
-28.0%
Diluted EPS
-$0.90
-$1.03
-$1.38
$ 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
99.3
19.2
-63.8
+417.4%
Capital expenditure
69.4
51.3
43.7
+35.3%
Free cash flow
29.9
-32.1
-107
Free cash flow margin
2.7%
-3.6%
-14.4%
Cash from investing
-22.2
-18.4
127
Cash from financing
-1.6
4.1
-58.2
Depreciation and amortisation
104
98.5
94.3
+5.2%
Share-based compensation
105
83.9
94.4
+25.5%
Shares outstanding at period end
156m
154m
152m
+1.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,171
1,203
1,209
-2.6%
Debt
279
281
284
-0.8%
Other liabilities
374
313
233
+19.6%
Total liabilities and equity
1,825
1,797
1,726
+1.5%
Fixed assets
310
285
265
+8.9%
Goodwill
92.9
92.9
92.9
0.0%
Intangible assets
191
256
318
-25.4%
Investments
353
399
433
-11.6%
Cash and equivalents
267
191
186
+39.4%
Receivables
292
234
191
+25.1%
Inventory
90.2
93.3
63.0
-3.3%
Other assets
229
246
177
-7.0%
Total assets
1,825
1,797
1,726
+1.5%
10-K for the year ended 31 December 2018, filed 15 February 2019: the filing.