Cooper Companies (COO) FY2018 results: revenue $2.5 billion, up 18.4% on the year
Cooper Companies, Inc. (COO) reported revenue of $2.5 billion for fiscal 2018, the year ended 31 October 2018, up 18.4% on the year before. Net income was $140 million, down 62.5%, and diluted earnings per share $0.70. The figures are the company's own, from the 10-K it filed with the SEC on 21 December 2018.
Revenue
$2.5 billion
+18.4% on the year
FY2011FY2018
Operating margin
15.9%
20.1% a year earlier
FY2011FY2018
Net income
$140 million
-62.5% on the year
FY2011FY2018
Diluted EPS
$0.70
-62.6% 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
2,533
2,139
1,967
+18.4%
Cost of revenue
900
773
794
+16.5%
Gross profit
1,632
1,366
1,173
+19.5%
Gross margin
64.4%
63.9%
59.6%
Research and development
84.8
69.2
65.4
+22.5%
Selling, general and administrative
973
799
723
+21.8%
Operating income
403
429
324
-6.1%
Operating margin
15.9%
20.1%
16.5%
Interest expense
82.7
33.4
26.2
+147.6%
Pre-tax income
332
394
296
-15.8%
Income tax
192
21.1
20.7
+810.0%
Effective tax rate
57.8%
5.4%
7.0%
Net income
140
373
274
-62.5%
Net margin
5.5%
17.4%
13.9%
Diluted EPS
$0.70
$1.88
$1.40
-62.6%
$ 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
669
594
510
+12.7%
Capital expenditure
194
127
153
+52.2%
Free cash flow
475
466
357
+1.9%
Free cash flow margin
18.8%
21.8%
18.2%
Cash from investing
-1,518
-381
-419
Cash from financing
844
-228
-1.4
Depreciation and amortisation
275
188
198
+46.0%
Share-based compensation
43.2
37.2
29.9
+16.1%
Buybacks
0.0
55.0
0.0
Dividends paid
2.9
2.9
2.9
0.0%
Dividend per share
$0.01
$0.01
$0.01
0.0%
Diluted shares, weighted
199m
198m
196m
+0.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
3,308
3,176
2,700
+4.2%
Non-controlling interest
0.2
0.1
0.1
+100.0%
Debt
2,023
1,173
1,334
+72.5%
Other liabilities
782
510
442
+53.3%
Total liabilities and equity
6,113
4,859
4,476
+25.8%
Fixed assets
976
910
878
+7.2%
Goodwill
2,392
2,355
2,165
+1.6%
Intangible assets
1,521
505
441
+201.4%
Cash and equivalents
77.7
88.8
101
-12.5%
Receivables
375
317
291
+18.4%
Inventory
469
454
418
+3.2%
Other assets
302
230
183
+31.6%
Total assets
6,113
4,859
4,476
+25.8%
10-K for the year ended 31 October 2018, filed 21 December 2018: the filing.