Arcbest (ARCB) FY2019 results: revenue $3.0 billion, down 3.4% on the year
Arcbest Corp. (ARCB) reported revenue of $3.0 billion for fiscal 2019, the year ended 31 December 2019, down 3.4% on the year before. Net income was $40 million, down 40.6%, and diluted earnings per share $1.51. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$3.0 billion
-3.4% on the year
FY2008FY2019
Operating margin
2.1%
3.5% a year earlier
FY2008FY2019
Net income
$40 million
-40.6% on the year
FY2008FY2019
Diluted EPS
$1.51
-39.8% on the year
FY2008FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
2,988
3,094
2,826
-3.4%
Operating income
63.8
109
61.3
-41.5%
Operating margin
2.1%
3.5%
2.2%
Pre-tax income
51.5
84.4
51.6
-39.0%
Income tax
11.5
17.1
-8.2
-32.9%
Effective tax rate
22.3%
20.3%
-15.8%
Net income
40.0
67.3
59.7
-40.6%
Net margin
1.3%
2.2%
2.1%
Diluted EPS
$1.51
$2.51
$2.25
-39.8%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
170
255
152
-33.3%
Capital expenditure
91.0
44.0
65.8
+106.8%
Free cash flow
79.4
211
86.1
-62.4%
Free cash flow margin
2.7%
6.8%
3.0%
Cash from investing
-98.2
-95.0
-68.5
Cash from financing
-60.4
-91.0
-77.9
Depreciation and amortisation
112
109
103
+3.5%
Share-based compensation
9.5
8.4
7.0
+13.2%
Buybacks
9.1
9.4
6.0
-3.1%
Dividends paid
8.2
8.2
8.3
-0.7%
Dividend per share
$0.32
$0.32
$0.32
0.0%
Diluted shares, weighted
26m
27m
26m
-0.9%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
763
718
651
+6.3%
Debt
324
292
269
+10.9%
Operating lease liabilities
52.3
n/a
n/a
Other liabilities
512
530
445
-3.3%
Total liabilities and equity
1,651
1,539
1,366
+7.3%
Fixed assets
684
631
591
+8.3%
Goodwill
88.3
108
108
-18.5%
Intangible assets
58.8
68.9
73.5
-14.7%
Investments
117
107
56.4
+9.2%
Cash and equivalents
202
190
121
+6.2%
Receivables
283
297
279
-4.9%
Other assets
219
137
136
+60.5%
Total assets
1,651
1,539
1,366
+7.3%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.