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Corvel (CRVL) FY2017 results: revenue $519 million

Corvel Corp. (CRVL) reported revenue of $519 million for fiscal 2017, the year ended 31 March 2017. Net income was $29 million, and diluted earnings per share $0.50. The figures are the company's own, from the 10-K it filed with the SEC on 7 June 2019.

Revenue
$519 million
FY2017FY2017
Operating margin
n/a
FY2017FY2017
Net income
$29 million
FY2017FY2017
Diluted EPS
$0.50
FY2017FY2017

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2017Last 8 years
Revenue519
Cost of revenue414
Gross profit105
Gross margin20.2%
Pre-tax income47.5
Income tax18.1
Effective tax rate38.0%
Net income29.5
Net margin5.7%
Diluted EPS$0.50
$ 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

$ millionFY2017Last 8 years
Operating cash flow52.1
Capital expenditure31.0
Free cash flow21.0
Free cash flow margin4.1%
Cash from investing-31.0
Cash from financing-25.2
Depreciation and amortisation20.9
Share-based compensation2.4
Buybacks28.0
Diluted shares, weighted59m
Shares outstanding at period end57m

Balance sheet

$ millionFY2017Last 8 years
Shareholders' equity139
Other liabilities96.7
Total liabilities and equity235
Fixed assets63.0
Goodwill36.8
Intangible assets3.9
Cash and equivalents28.6
Receivables62.8
Other assets40.2
Total assets235

10-K for the year ended 31 March 2017, filed 7 June 2019: the filing.