Copart (CPRT) FY2017 results: revenue $1.4 billion, up 14.2% on the year
Copart Inc. (CPRT) reported revenue of $1.4 billion for fiscal 2017, the year ended 31 July 2017, up 14.2% on the year before. Net income was $394 million, up 45.8%, and diluted earnings per share $0.41. The figures are the company's own, from the 10-K it filed with the SEC on 28 September 2017.
Revenue
$1.4 billion
+14.2% on the year
FY2010FY2017
Operating margin
31.9%
32.0% a year earlier
FY2010FY2017
Net income
$394 million
+45.8% on the year
FY2010FY2017
Diluted EPS
$0.41
+50.3% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
1,448
1,268
1,146
+14.2%
Cost of revenue
138
141
136
-2.4%
Gross profit
1,310
1,127
1,010
+16.2%
Gross margin
90.5%
88.9%
88.1%
Operating income
461
406
344
+13.5%
Operating margin
31.9%
32.0%
30.1%
Interest expense
23.8
23.6
18.1
+0.7%
Pre-tax income
440
396
332
+11.2%
Income tax
45.8
126
112
-63.5%
Effective tax rate
10.4%
31.7%
33.8%
Net income
394
270
220
+45.8%
Net margin
27.2%
21.3%
19.2%
Diluted EPS
$0.41
$0.28
$0.21
+50.3%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
492
332
265
+48.0%
Capital expenditure
172
174
79.2
-1.0%
Free cash flow
320
159
186
+101.7%
Free cash flow margin
22.1%
12.5%
16.2%
Cash from investing
-336
n/a
n/a
Cash from financing
-107
n/a
n/a
Depreciation and amortisation
57.0
48.6
46.6
+17.3%
Share-based compensation
20.8
20.9
18.2
-0.1%
Buybacks
0.0
443
233
Diluted shares, weighted
948m
977m
1,051m
-3.0%
Shares outstanding at period end
922m
881m
961m
+4.7%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,099
774
964
+41.9%
Non-controlling interest
0.5
0.0
n/a
Debt
631
638
644
-1.1%
Other liabilities
252
237
192
+6.3%
Total liabilities and equity
1,983
1,650
1,800
+20.2%
Fixed assets
944
817
700
+15.6%
Goodwill
340
260
272
+30.8%
Intangible assets
75.9
11.8
17.9
+545.7%
Cash and equivalents
210
156
456
+34.8%
Receivables
312
266
216
+17.1%
Inventory
10.2
10.4
8.6
-2.2%
Other assets
90.2
129
130
-29.9%
Total assets
1,983
1,650
1,800
+20.2%
10-K for the year ended 31 July 2017, filed 28 September 2017: the filing.