Amphenol (APH) FY2018 results: revenue $8.2 billion, up 17.0% on the year
Amphenol Corp. (APH) reported revenue of $8.2 billion for fiscal 2018, the year ended 31 December 2018, up 17.0% on the year before. Net income was $1.2 billion, up 85.2%, and diluted earnings per share $0.48. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2019.
Revenue
$8.2 billion
+17.0% on the year
FY2011FY2018
Operating margin
20.6%
20.4% a year earlier
FY2011FY2018
Net income
$1.2 billion
+85.2% on the year
FY2011FY2018
Diluted EPS
$0.48
+86.9% 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
8,202
7,011
6,286
+17.0%
Cost of revenue
5,547
4,701
4,246
+18.0%
Gross profit
2,655
2,310
2,040
+14.9%
Gross margin
32.4%
32.9%
32.5%
Research and development
221
194
166
+14.0%
Selling, general and administrative
960
878
798
+9.2%
Operating income
1,687
1,428
1,205
+18.2%
Operating margin
20.6%
20.4%
19.2%
Interest expense
102
92.3
72.6
+10.2%
Pre-tax income
1,588
1,352
1,141
+17.5%
Income tax
372
692
308
-46.3%
Effective tax rate
23.4%
51.1%
27.0%
Net income
1,205
650
823
+85.2%
Net margin
14.7%
9.3%
13.1%
Diluted EPS
$0.48
$0.26
$0.33
+86.9%
$ 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
1,113
1,144
1,078
-2.8%
Capital expenditure
311
227
191
+37.1%
Free cash flow
802
918
887
-12.6%
Free cash flow margin
9.8%
13.1%
14.1%
Cash from investing
-442
-380
-1,613
Cash from financing
-1,070
-140
-134
Depreciation and amortisation
300
227
217
+32.1%
Share-based compensation
55.6
49.7
47.6
+11.9%
Buybacks
935
618
326
+51.3%
Dividends paid
254
205
173
+23.8%
Dividend per share
$0.11
$0.09
$0.07
+25.7%
Diluted shares, weighted
2,501m
2,532m
2,522m
-1.2%
Shares outstanding at period end
2,388m
2,446m
2,466m
-2.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
4,017
3,990
3,675
+0.7%
Non-controlling interest
47.2
53.6
48.2
-11.9%
Debt
3,571
3,543
3,011
+0.8%
Other liabilities
2,410
2,418
1,765
-0.3%
Total liabilities and equity
10,045
10,004
8,499
+0.4%
Fixed assets
876
817
711
+7.2%
Goodwill
4,103
4,043
3,679
+1.5%
Intangible assets
398
442
474
-9.9%
Investments
12.4
34.6
139
-64.2%
Cash and equivalents
1,279
1,719
1,035
-25.6%
Receivables
1,792
1,599
1,349
+12.1%
Inventory
1,234
1,107
929
+11.5%
Other assets
351
244
183
+43.9%
Total assets
10,045
10,004
8,499
+0.4%
10-K for the year ended 31 December 2018, filed 13 February 2019: the filing.