Coty (COTY) FY2018 results: revenue $6.8 billion, down 10.6% on the year
Coty Inc. (COTY) reported revenue of $6.8 billion for fiscal 2018, the year ended 30 June 2018, down 10.6% on the year before. Net income was -$169 million, and diluted earnings per share $-0.23. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2019.
Revenue
$6.8 billion
-10.6% on the year
FY2012FY2018
Operating margin
-2.3%
-5.5% a year earlier
FY2012FY2018
Net income
-$169 million
FY2012FY2018
Diluted EPS
-$0.23
FY2012FY2018
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
6,842
7,650
4,349
-10.6%
Cost of revenue
2,718
3,028
1,746
-10.2%
Gross profit
4,124
4,622
2,603
-10.8%
Gross margin
60.3%
60.4%
59.9%
Research and development
108
139
47.7
-22.3%
Selling, general and administrative
3,807
4,041
2,028
-5.8%
Operating income
-156
-421
254
Operating margin
-2.3%
-5.5%
5.8%
Interest expense
223
220
113
+1.4%
Pre-tax income
-394
-658
139
Income tax
-32.2
-260
-40.4
Effective tax rate
n/a
n/a
-29.1%
Net income
-169
-422
157
Net margin
-2.5%
-5.5%
3.6%
Diluted EPS
-$0.23
-$0.66
$0.44
$ 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
414
758
501
-45.4%
Capital expenditure
446
432
150
+3.3%
Free cash flow
-32.7
325
351
Free cash flow margin
-0.5%
4.3%
8.1%
Cash from investing
-688
-1,164
-1,059
Cash from financing
69.3
595
593
-88.4%
Depreciation and amortisation
737
555
232
+32.8%
Share-based compensation
30.6
24.6
22.2
+24.4%
Buybacks
0.0
36.3
795
Dividends paid
375
373
89.0
+0.6%
Dividend per share
$0.50
$0.65
$0.25
-23.1%
Diluted shares, weighted
750m
643m
354m
+16.6%
Shares outstanding at period end
751m
748m
n/a
+0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
8,850
9,315
360
-5.0%
Non-controlling interest
5.5
3.0
6.9
+83.3%
Redeemable equity
661
551
73.3
+20.0%
Debt
7,524
7,137
4,098
+5.4%
Other liabilities
5,589
5,542
2,497
+0.9%
Total liabilities and equity
22,630
22,548
7,036
+0.4%
Fixed assets
1,681
1,632
639
+3.0%
Goodwill
7,596
8,556
2,213
-11.2%
Intangible assets
8,284
8,425
2,050
-1.7%
Cash and equivalents
332
535
372
-38.1%
Receivables
1,536
1,470
683
+4.5%
Inventory
1,149
1,053
566
+9.1%
Other assets
2,053
877
513
+134.1%
Total assets
22,630
22,548
7,036
+0.4%
10-K for the year ended 30 June 2018, filed 28 August 2019: the filing.