Dauch (DCH) FY2018 results: revenue $7.3 billion, up 16.0% on the year
Dauch Corp. (DCH) reported revenue of $7.3 billion for fiscal 2018, the year ended 31 December 2018, up 16.0% on the year before. Net income was -$58 million, and diluted earnings per share $-0.51. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$7.3 billion
+16.0% on the year
FY2011FY2018
Operating margin
1.5%
8.7% a year earlier
FY2011FY2018
Net income
-$58 million
FY2011FY2018
Diluted EPS
-$0.51
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
7,270
6,266
3,948
+16.0%
Cost of revenue
6,130
5,147
3,222
+19.1%
Gross profit
1,140
1,119
726
+1.9%
Gross margin
15.7%
17.9%
18.4%
Research and development
146
162
140
-9.5%
Selling, general and administrative
386
390
314
-1.1%
Operating income
106
543
381
-80.4%
Operating margin
1.5%
8.7%
9.6%
Interest expense
216
196
93.4
+10.6%
Pre-tax income
-114
340
299
Income tax
-57.1
2.5
58.3
Effective tax rate
n/a
0.7%
19.5%
Net income
-57.5
337
241
Net margin
-0.8%
5.4%
6.1%
Diluted EPS
-$0.51
$3.21
$3.06
$ 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
772
647
408
+19.2%
Capital expenditure
525
478
223
+9.8%
Free cash flow
247
169
185
+45.8%
Free cash flow margin
3.4%
2.7%
4.7%
Cash from investing
-478
-1,378
-228
Cash from financing
-184
616
18.4
Depreciation and amortisation
529
428
202
+23.4%
Share-based compensation
27.9
43.4
21.0
-35.7%
Buybacks
3.7
7.0
5.2
-47.1%
Diluted shares, weighted
112m
103m
77m
+8.6%
Shares outstanding at period end
112m
111m
76m
+0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,484
1,536
504
-3.4%
Non-controlling interest
2.4
4.0
0.0
-40.0%
Debt
3,876
4,051
1,416
-4.3%
Other liabilities
2,149
2,292
1,502
-6.2%
Total liabilities and equity
7,511
7,883
3,422
-4.7%
Fixed assets
2,514
2,403
1,094
+4.6%
Goodwill
1,142
1,654
154
-31.0%
Intangible assets
1,111
1,212
28.5
-8.4%
Cash and equivalents
476
377
481
+26.4%
Receivables
966
1,036
560
-6.7%
Inventory
460
392
182
+17.3%
Other assets
841
808
923
+4.0%
Total assets
7,511
7,883
3,422
-4.7%
10-K for the year ended 31 December 2018, filed 15 February 2019: the filing.