Arcbest (ARCB) FY2018 results: revenue $3.1 billion, up 9.5% on the year
Arcbest Corp. (ARCB) reported revenue of $3.1 billion for fiscal 2018, the year ended 31 December 2018, up 9.5% on the year before. Net income was $67 million, up 12.6%, and diluted earnings per share $2.51. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$3.1 billion
+9.5% on the year
FY2008FY2018
Operating margin
3.5%
2.2% a year earlier
FY2008FY2018
Net income
$67 million
+12.6% on the year
FY2008FY2018
Diluted EPS
$2.51
+11.6% on the year
FY2008FY2018
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
3,094
2,826
2,700
+9.5%
Operating income
109
61.3
34.1
+77.8%
Operating margin
3.5%
2.2%
1.3%
Pre-tax income
84.4
51.6
28.3
+63.6%
Income tax
17.1
-8.2
9.6
Effective tax rate
20.3%
-15.8%
34.1%
Net income
67.3
59.7
18.7
+12.6%
Net margin
2.2%
2.1%
0.7%
Diluted EPS
$2.51
$2.25
$0.71
+11.6%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
255
152
112
+68.1%
Capital expenditure
44.0
65.8
68.3
-33.1%
Free cash flow
211
86.1
43.7
+145.4%
Free cash flow margin
6.8%
3.0%
1.6%
Cash from investing
-95.0
-68.5
-87.2
Cash from financing
-91.0
-77.9
-75.9
Depreciation and amortisation
109
103
103
+5.4%
Share-based compensation
8.4
7.0
7.6
+20.9%
Buybacks
9.4
6.0
9.5
+56.2%
Dividends paid
8.2
8.3
8.3
-0.2%
Dividend per share
$0.32
$0.32
$0.32
0.0%
Diluted shares, weighted
27m
26m
26m
+1.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
718
651
599
+10.2%
Debt
292
269
244
+8.5%
Other liabilities
530
445
440
+19.0%
Total liabilities and equity
1,539
1,366
1,282
+12.7%
Fixed assets
631
591
533
+6.8%
Goodwill
108
108
109
0.0%
Intangible assets
68.9
73.5
80.5
-6.2%
Investments
107
56.4
56.8
+89.4%
Cash and equivalents
190
121
114
+57.5%
Receivables
297
279
261
+6.4%
Other assets
137
136
128
+0.2%
Total assets
1,539
1,366
1,282
+12.7%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.