Dnow (DNOW) FY2018 results: revenue $3.1 billion, up 18.1% on the year
Dnow Inc. (DNOW) reported revenue of $3.1 billion for fiscal 2018, the year ended 31 December 2018, up 18.1% on the year before. Net income was $52 million, and diluted earnings per share $0.47. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2019.
Revenue
$3.1 billion
+18.1% on the year
FY2012FY2018
Operating margin
2.3%
-1.5% a year earlier
FY2012FY2018
Net income
$52 million
FY2012FY2018
Diluted EPS
$0.47
FY2012FY2018
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
3,127
2,648
2,107
+18.1%
Cost of revenue
2,497
2,147
1,762
+16.3%
Gross profit
630
501
345
+25.7%
Gross margin
20.1%
18.9%
16.4%
Operating income
73.0
-41.0
-222
Operating margin
2.3%
-1.5%
-10.5%
Pre-tax income
58.0
-52.0
-230
Income tax
6.0
n/a
4.0
Effective tax rate
10.3%
n/a
n/a
Net income
52.0
-52.0
-234
Net margin
1.7%
-2.0%
-11.1%
Diluted EPS
$0.47
-$0.48
-$2.18
$ 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
73.0
-115
235
Capital expenditure
11.0
4.0
4.0
+175.0%
Free cash flow
62.0
-119
231
Free cash flow margin
2.0%
-4.5%
11.0%
Cash from investing
-9.0
8.0
-183
Cash from financing
-37.0
94.0
-47.0
Depreciation and amortisation
41.0
50.0
53.0
-18.0%
Share-based compensation
16.0
20.0
23.0
-20.0%
Diluted shares, weighted
109m
108m
107m
+0.8%
Shares outstanding at period end
108m
108m
107m
+0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,214
1,185
1,183
+2.4%
Short-term borrowings
n/a
35.0
44.0
Debt
132
162
65.0
-18.5%
Other liabilities
449
367
311
+22.3%
Total liabilities and equity
1,795
1,749
1,603
+2.6%
Fixed assets
106
119
143
-10.9%
Goodwill
314
328
311
-4.3%
Intangible assets
144
166
184
-13.3%
Cash and equivalents
116
98.0
106
+18.4%
Receivables
482
423
354
+13.9%
Inventory
602
590
483
+2.0%
Other assets
31.0
25.0
22.0
+24.0%
Total assets
1,795
1,749
1,603
+2.6%
10-K for the year ended 31 December 2018, filed 14 February 2019: the filing.