Century Aluminum (CENX) FY2018 results: revenue $1.9 billion, up 19.1% on the year
Century Aluminum Co. (CENX) reported revenue of $1.9 billion for fiscal 2018, the year ended 31 December 2018, up 19.1% on the year before. Net income was -$66 million, and diluted earnings per share $-0.76. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$1.9 billion
+19.1% on the year
FY2011FY2018
Operating margin
-3.1%
6.1% a year earlier
FY2011FY2018
Net income
-$66 million
FY2011FY2018
Diluted EPS
-$0.76
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
1,893
1,589
1,319
+19.1%
Cost of revenue
1,916
1,458
1,325
+31.4%
Gross profit
-22.9
131
-6.1
Gross margin
-1.2%
8.3%
-0.5%
Selling, general and administrative
40.2
44.8
38.9
-10.3%
Operating income
-59.0
97.2
-228
Operating margin
-3.1%
6.1%
-17.3%
Interest expense
22.4
22.2
22.2
+1.0%
Pre-tax income
-70.6
55.4
-251
Income tax
-0.2
7.6
2.8
Effective tax rate
n/a
13.7%
n/a
Net income
-66.2
48.6
-252
Net margin
-3.5%
3.1%
-19.1%
Diluted EPS
-$0.76
$0.51
-$2.90
$ 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
-69.1
51.5
38.2
Capital expenditure
83.0
31.8
21.9
+160.7%
Free cash flow
-152
19.7
16.3
Free cash flow margin
-8.0%
1.2%
1.2%
Cash from investing
-82.9
-17.4
-20.9
Cash from financing
23.7
0.4
0.0
+5,825.0%
Depreciation and amortisation
90.1
84.2
84.8
+6.9%
Share-based compensation
3.7
1.9
1.5
+99.9%
Buybacks
n/a
0.0
0.0
Diluted shares, weighted
n/a
88m
n/a
Shares outstanding at period end
88m
88m
87m
+0.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
762
830
757
-8.1%
Debt
280
256
256
+9.3%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
496
496
528
-0.1%
Total liabilities and equity
1,538
1,582
1,540
-2.8%
Fixed assets
967
972
1,026
-0.5%
Cash and equivalents
38.9
167
132
-76.7%
Receivables
82.5
43.1
12.4
+91.5%
Inventory
344
317
234
+8.3%
Other assets
105
82.0
136
+28.1%
Total assets
1,538
1,582
1,540
-2.8%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.