Archrock (AROC) FY2018 results: revenue $904 million, up 13.8% on the year
Archrock, Inc. (AROC) reported revenue of $904 million for fiscal 2018, the year ended 31 December 2018, up 13.8% on the year before. Net income was $21 million, up 11.1%, and diluted earnings per share $0.19. The figures are the company's own, from the 10-K it filed with the SEC on 20 February 2019.
Revenue
$904 million
+13.8% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$21 million
+11.1% on the year
FY2011FY2018
Diluted EPS
$0.19
-26.9% 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
904
795
807
+13.8%
Cost of revenue
464
419
n/a
+10.8%
Gross profit
440
376
n/a
+17.1%
Gross margin
48.7%
47.3%
n/a
Selling, general and administrative
102
111
114
-8.9%
Interest expense
93.3
88.8
83.9
+5.1%
Pre-tax income
35.3
-42.6
-89.4
Income tax
6.2
-61.1
-24.6
Effective tax rate
17.4%
n/a
n/a
Net income
21.1
19.0
-54.6
+11.1%
Net margin
2.3%
2.4%
-6.8%
Diluted EPS
$0.19
$0.26
-$0.80
-26.9%
$ 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
226
202
274
+11.9%
Capital expenditure
319
222
118
+43.9%
Free cash flow
-93.2
-19.8
156
Free cash flow margin
-10.3%
-2.5%
19.4%
Cash from investing
-285
-175
-89.5
Cash from financing
54.0
-19.8
-183
Depreciation and amortisation
175
189
209
-7.2%
Share-based compensation
7.4
8.5
9.0
-12.7%
Buybacks
1.8
2.8
1.5
-36.9%
Dividends paid
58.3
34.1
34.9
+71.1%
Dividend per share
$0.50
$0.48
$0.50
+5.0%
Diluted shares, weighted
109m
70m
69m
+57.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
842
777
719
+8.3%
Non-controlling interest
0.0
-41.4
-34.0
Debt
1,540
1,430
1,458
+7.6%
Other liabilities
171
242
271
-29.2%
Total liabilities and equity
2,553
2,408
2,415
+6.0%
Fixed assets
2,171
2,077
2,079
+4.5%
Goodwill
0.0
n/a
n/a
Intangible assets
52.4
68.9
86.7
-24.0%
Cash and equivalents
5.6
10.5
3.1
-46.8%
Receivables
148
113
112
+30.5%
Inventory
76.3
90.7
93.8
-15.8%
Other assets
99.2
47.6
40.3
+108.5%
Total assets
2,553
2,408
2,415
+6.0%
10-K for the year ended 31 December 2018, filed 20 February 2019: the filing.