Coherent (COHR) FY2018 results: revenue $1.2 billion, up 19.2% on the year
Coherent Corp. (COHR) reported revenue of $1.2 billion for fiscal 2018, the year ended 30 June 2018, up 19.2% on the year before. Net income was $88 million, down 7.6%, and diluted earnings per share $1.35. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2018.
Revenue
$1.2 billion
+19.2% on the year
FY2011FY2018
Operating margin
11.8%
11.9% a year earlier
FY2011FY2018
Net income
$88 million
-7.6% on the year
FY2011FY2018
Diluted EPS
$1.35
-8.8% 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
1,159
972
827
+19.2%
Cost of revenue
698
584
514
+19.5%
Gross profit
461
388
313
+18.8%
Gross margin
39.8%
40.0%
37.8%
Research and development
117
96.8
60.6
+20.7%
Selling, general and administrative
209
176
161
+18.6%
Operating income
137
116
90.9
+18.4%
Operating margin
11.8%
11.9%
11.0%
Interest expense
18.4
6.8
3.1
+169.5%
Pre-tax income
122
119
90.0
+2.9%
Income tax
34.2
23.5
24.5
+45.4%
Effective tax rate
28.0%
19.8%
27.2%
Net income
88.0
95.3
65.5
-7.6%
Net margin
7.6%
9.8%
7.9%
Diluted EPS
$1.35
$1.48
$1.04
-8.8%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
161
119
123
+35.7%
Capital expenditure
153
139
58.2
+10.8%
Free cash flow
7.6
-19.9
64.8
Free cash flow margin
0.7%
-2.0%
7.8%
Cash from investing
-285
-177
-135
Cash from financing
97.0
112
61.5
-13.1%
Depreciation and amortisation
80.8
63.6
56.7
+26.9%
Share-based compensation
15.3
11.8
9.7
+30.2%
Buybacks
49.9
n/a
6.3
Diluted shares, weighted
65m
65m
63m
+1.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,024
901
782
+13.7%
Debt
439
342
236
+28.4%
Other liabilities
298
235
194
+27.1%
Total liabilities and equity
1,762
1,477
1,213
+19.2%
Fixed assets
525
368
243
+42.7%
Goodwill
271
250
234
+8.1%
Intangible assets
125
134
125
-6.6%
Cash and equivalents
247
272
218
-9.1%
Receivables
215
193
165
+11.2%
Inventory
248
204
175
+21.9%
Other assets
131
56.3
53.0
+132.1%
Total assets
1,762
1,477
1,213
+19.2%
10-K for the year ended 30 June 2018, filed 28 August 2018: the filing.