Boise Cascade (BCC) FY2018 results: revenue $5.0 billion, up 12.7% on the year
Boise Cascade Co. (BCC) reported revenue of $5.0 billion for fiscal 2018, the year ended 31 December 2018, up 12.7% on the year before. Net income was $20 million, down 75.3%, and diluted earnings per share $0.52. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$5.0 billion
+12.7% on the year
FY2011FY2018
Operating margin
1.4%
3.2% a year earlier
FY2011FY2018
Net income
$20 million
-75.3% on the year
FY2011FY2018
Diluted EPS
$0.52
-75.5% 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
4,995
4,432
3,911
+12.7%
Cost of revenue
4,308
3,820
n/a
+12.8%
Gross profit
688
612
n/a
+12.3%
Gross margin
13.8%
13.8%
n/a
Operating income
72.0
141
84.7
-49.0%
Operating margin
1.4%
3.2%
2.2%
Interest expense
26.2
25.4
26.7
+3.2%
Pre-tax income
22.1
118
43.3
-81.2%
Income tax
1.6
34.6
5.0
-95.3%
Effective tax rate
7.4%
29.5%
11.7%
Net income
20.5
83.0
38.3
-75.3%
Net margin
0.4%
1.9%
1.0%
Diluted EPS
$0.52
$2.12
$0.98
-75.5%
$ 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
164
152
152
+7.9%
Capital expenditure
80.0
75.5
83.6
+6.0%
Free cash flow
83.6
76.1
68.3
+9.9%
Free cash flow margin
1.7%
1.7%
1.7%
Cash from investing
-89.3
-73.2
-299
Cash from financing
-59.8
-5.2
66.4
Depreciation and amortisation
147
80.4
72.8
+82.7%
Share-based compensation
8.8
9.7
8.2
-9.2%
Buybacks
4.9
0.0
10.3
Dividends paid
50.6
2.7
0.0
+1,773.9%
Dividend per share
$1.30
$0.07
$0.00
+1,757.1%
Diluted shares, weighted
39m
39m
39m
+0.8%
Shares outstanding at period end
39m
39m
38m
+0.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
673
675
580
-0.3%
Debt
439
438
438
+0.3%
Operating lease liabilities
0.0
n/a
n/a
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
469
494
422
-5.1%
Total liabilities and equity
1,581
1,607
1,439
-1.6%
Fixed assets
487
566
569
-13.9%
Goodwill
59.2
55.4
55.4
+6.7%
Intangible assets
16.9
15.1
15.5
+11.8%
Cash and equivalents
192
177
104
+8.2%
Receivables
214
246
199
-13.0%
Inventory
533
477
433
+11.8%
Other assets
79.0
70.6
62.9
+11.8%
Total assets
1,581
1,607
1,439
-1.6%
10-K for the year ended 31 December 2018, filed 26 February 2019: the filing.