Chesapeake Utilities (CPK) FY2018 results: revenue $490 million, up 9.0% on the year
Chesapeake Utilities Corp. (CPK) reported revenue of $490 million for fiscal 2018, the year ended 31 December 2018, up 9.0% on the year before. Net income was $57 million, down 2.7%, and diluted earnings per share $3.45. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$490 million
+9.0% on the year
FY2011FY2018
Operating margin
19.3%
20.0% a year earlier
FY2011FY2018
Net income
$57 million
-2.7% on the year
FY2011FY2018
Diluted EPS
$3.45
-2.8% 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
490
450
499
+9.0%
Operating income
94.8
89.7
86.0
+5.7%
Operating margin
19.3%
20.0%
17.2%
Interest expense
16.1
12.5
10.6
+28.9%
Pre-tax income
78.1
75.0
73.0
+4.1%
Income tax
21.1
14.7
28.3
+44.0%
Effective tax rate
27.0%
19.6%
38.8%
Net income
56.6
58.1
44.7
-2.7%
Net margin
11.5%
12.9%
9.0%
Diluted EPS
$3.45
$3.55
$2.86
-2.8%
$ 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
117
110
104
+6.6%
Capital expenditure
240
175
170
+37.1%
Free cash flow
-123
-65.2
-65.7
Free cash flow margin
-25.1%
-14.5%
-13.2%
Cash from investing
-257
-187
-170
Cash from financing
140
78.2
67.2
+78.9%
Depreciation and amortisation
40.2
36.4
32.2
+10.5%
Share-based compensation
2.8
2.5
2.4
+13.0%
Buybacks
0.7
n/a
n/a
Dividends paid
22.0
19.9
17.5
+10.6%
Dividend per share
$1.44
$1.28
$1.20
+12.1%
Diluted shares, weighted
16m
16m
16m
+0.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
518
486
446
+6.6%
Debt
622
458
359
+36.0%
Other liabilities
553
473
424
+16.8%
Total liabilities and equity
1,694
1,417
1,229
+19.5%
Fixed assets
1,354
1,126
987
+20.2%
Goodwill
21.6
19.6
15.1
+10.0%
Intangible assets
3.9
4.7
1.8
-17.8%
Cash and equivalents
6.1
5.6
4.2
+8.5%
Receivables
53.8
77.2
62.8
-30.3%
Other assets
255
184
159
+38.3%
Total assets
1,694
1,417
1,229
+19.5%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.