Artivion (AORT) FY2017 results: revenue $190 million, up 5.2% on the year
Artivion, Inc. (AORT) reported revenue of $190 million for fiscal 2017, the year ended 31 December 2017, up 5.2% on the year before. Net income was $4 million, down 65.6%, and diluted earnings per share $0.11. The figures are the company's own, from the 10-K it filed with the SEC on 9 March 2018.
Revenue
$190 million
+5.2% on the year
FY2010FY2017
Operating margin
4.2%
12.1% a year earlier
FY2010FY2017
Net income
$4 million
-65.6% on the year
FY2010FY2017
Diluted EPS
$0.11
-65.6% 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
190
180
146
+5.2%
Cost of revenue
61.1
61.5
55.2
-0.7%
Gross profit
129
119
90.7
+8.2%
Gross margin
67.8%
65.9%
62.2%
Research and development
19.5
13.4
10.4
+44.7%
Selling, general and administrative
101
91.5
74.9
+10.6%
Operating income
8.0
21.8
5.4
-63.5%
Operating margin
4.2%
12.1%
3.7%
Interest expense
4.9
3.0
0.1
+63.3%
Pre-tax income
3.6
18.4
5.9
-80.7%
Income tax
-0.1
7.6
1.9
Effective tax rate
-4.0%
41.5%
31.7%
Net income
3.7
10.8
4.0
-65.6%
Net margin
2.0%
6.0%
2.7%
Diluted EPS
$0.11
$0.32
$0.14
-65.6%
$ 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
10.8
19.7
11.4
-45.2%
Capital expenditure
6.6
6.2
3.5
+7.0%
Free cash flow
4.2
13.5
8.0
-69.2%
Free cash flow margin
2.2%
7.5%
5.5%
Cash from investing
-171
-78.9
-4.5
Cash from financing
143
73.4
-2.8
+95.1%
Depreciation and amortisation
9.7
8.4
5.9
+16.2%
Share-based compensation
6.9
6.3
5.1
+9.3%
Dividends paid
n/a
n/a
3.4
Dividend per share
$0.00
$0.00
$0.12
Diluted shares, weighted
34m
33m
29m
+4.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
277
209
155
+32.6%
Debt
219
71.6
0.0
+205.9%
Other liabilities
93.7
35.6
25.9
+163.3%
Total liabilities and equity
590
316
181
+86.5%
Fixed assets
33.6
18.5
11.5
+81.5%
Goodwill
188
78.3
11.4
+140.5%
Intangible assets
130
1.0
1.4
+12,832.4%
Cash and equivalents
40.0
56.6
37.6
-29.4%
Receivables
47.5
27.8
23.4
+71.1%
Inventory
46.7
26.3
14.6
+77.6%
Other assets
103
108
81.3
-4.1%
Total assets
590
316
181
+86.5%
10-K for the year ended 31 December 2017, filed 9 March 2018: the filing.