Criteo (CRTO) FY2018 results: revenue $2.3 billion, up 0.2% on the year
Criteo S.A. (CRTO) reported revenue of $2.3 billion for fiscal 2018, the year ended 31 December 2018, up 0.2% on the year before. Net income was $89 million, down 2.8%, and diluted earnings per share $1.31. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$2.3 billion
+0.2% on the year
FY2014FY2018
Operating margin
6.4%
6.0% a year earlier
FY2014FY2018
Net income
$89 million
-2.8% on the year
FY2014FY2018
Diluted EPS
$1.31
-2.2% on the year
FY2014FY2018
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
2,300
2,297
1,799
+0.2%
Cost of revenue
1,466
1,477
1,154
-0.8%
Gross profit
834
819
645
+1.8%
Gross margin
36.3%
35.7%
35.8%
Research and development
179
174
124
+3.1%
Operating income
147
138
121
+6.7%
Operating margin
6.4%
6.0%
6.7%
Interest expense
2.1
2.9
2.4
-26.2%
Pre-tax income
142
128
120
+10.7%
Income tax
46.1
31.7
33.1
+45.8%
Effective tax rate
32.5%
24.7%
27.5%
Net income
88.6
91.2
82.3
-2.8%
Net margin
3.9%
4.0%
4.6%
Diluted EPS
$1.31
$1.34
$1.25
-2.2%
$ 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
261
245
153
+6.2%
Cash from investing
-227
-106
-313
Cash from financing
-62.7
-29.5
90.6
Depreciation and amortisation
104
93.2
56.6
+11.0%
Share-based compensation
66.6
71.6
43.3
-7.0%
Buybacks
80.0
0.0
0.0
Diluted shares, weighted
68m
68m
66m
-0.3%
Shares outstanding at period end
68m
66m
64m
+2.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
944
882
600
+7.0%
Non-controlling interest
24.2
16.2
9.7
+49.8%
Debt
2.9
2.8
82.9
+5.8%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
626
631
518
-0.7%
Total liabilities and equity
1,597
1,531
1,211
+4.3%
Fixed assets
184
162
109
+13.8%
Goodwill
313
237
209
+32.1%
Intangible assets
112
96.2
103
+16.4%
Cash and equivalents
364
414
270
-12.0%
Receivables
474
484
397
-2.1%
Other assets
150
138
123
+8.4%
Total assets
1,597
1,531
1,211
+4.3%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.