Allison Transmission Holdings (ALSN) FY2018 results: revenue $2.7 billion, up 19.9% on the year
Allison Transmission Holdings Inc. (ALSN) reported revenue of $2.7 billion for fiscal 2018, the year ended 31 December 2018, up 19.9% on the year before. Net income was $639 million, up 26.8%, and diluted earnings per share $4.78. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$2.7 billion
+19.9% on the year
FY2011FY2018
Operating margin
34.0%
28.8% a year earlier
FY2011FY2018
Net income
$639 million
+26.8% on the year
FY2011FY2018
Diluted EPS
$4.78
+42.3% 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
2,713
2,262
1,840
+19.9%
Cost of revenue
1,291
1,131
976
+14.1%
Gross profit
1,422
1,131
864
+25.7%
Gross margin
52.4%
50.0%
47.0%
Research and development
131
105
88.0
+24.8%
Selling, general and administrative
368
342
324
+7.6%
Operating income
923
652
452
+41.6%
Operating margin
34.0%
28.8%
24.5%
Pre-tax income
805
527
341
+52.8%
Income tax
166
23.0
126
+621.7%
Effective tax rate
20.6%
4.4%
36.9%
Net income
639
504
215
+26.8%
Net margin
23.6%
22.3%
11.7%
Diluted EPS
$4.78
$3.36
$1.27
+42.3%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
837
658
591
+27.2%
Capital expenditure
100
91.0
71.0
+9.9%
Free cash flow
737
567
520
+30.0%
Free cash flow margin
27.2%
25.1%
28.3%
Cash from investing
-103
-94.0
-72.0
Cash from financing
-700
-574
-564
Depreciation and amortisation
164
170
176
-3.5%
Share-based compensation
13.0
12.0
9.0
+8.3%
Buybacks
609
885
256
-31.2%
Dividends paid
80.0
89.0
100
-10.1%
Dividend per share
$0.60
$0.60
$0.60
0.0%
Diluted shares, weighted
134m
150m
169m
-10.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
659
689
1,080
-4.4%
Debt
2,548
2,576
2,188
-1.1%
Other liabilities
1,030
940
951
+9.6%
Total liabilities and equity
4,237
4,205
4,219
+0.8%
Fixed assets
466
448
464
+4.0%
Goodwill
1,941
1,941
1,941
0.0%
Intangible assets
1,066
1,153
1,242
-7.5%
Cash and equivalents
231
199
205
+16.1%
Receivables
279
221
197
+26.2%
Inventory
170
154
126
+10.4%
Other assets
84.0
89.0
43.5
-5.6%
Total assets
4,237
4,205
4,219
+0.8%
10-K for the year ended 31 December 2018, filed 26 February 2019: the filing.