Domino's Pizza (DPZ) FY2018 results: revenue $3.4 billion, up 23.1% on the year
Domino's Pizza, Inc. (DPZ) reported revenue of $3.4 billion for fiscal 2018, the year ended 30 December 2018, up 23.1% on the year before. Net income was $362 million, up 30.3%, and diluted earnings per share $8.35. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$3.4 billion
+23.1% on the year
FY2011FY2018
Operating margin
16.7%
18.7% a year earlier
FY2011FY2018
Net income
$362 million
+30.3% on the year
FY2011FY2018
Diluted EPS
$8.35
+43.2% on the year
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
3,433
2,788
2,473
+23.1%
Cost of revenue
2,130
1,922
1,705
+10.8%
Gross profit
1,303
866
768
+50.4%
Gross margin
37.9%
31.1%
31.0%
Operating income
572
521
454
+9.7%
Operating margin
16.7%
18.7%
18.4%
Interest expense
146
123
110
+19.4%
Pre-tax income
429
400
345
+7.1%
Income tax
66.7
122
130
-45.4%
Effective tax rate
15.6%
30.6%
37.7%
Net income
362
278
215
+30.3%
Net margin
10.5%
10.0%
8.7%
Diluted EPS
$8.35
$5.83
$4.30
+43.2%
$ 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
394
341
292
+15.5%
Capital expenditure
120
90.0
58.6
+33.2%
Free cash flow
274
251
234
+9.2%
Free cash flow margin
8.0%
9.0%
9.5%
Cash from investing
-88.3
-83.7
-55.3
Cash from financing
-323
-197
-376
Depreciation and amortisation
53.7
44.4
38.1
+21.0%
Share-based compensation
22.8
20.7
18.6
+10.0%
Buybacks
591
1,064
300
-44.4%
Dividends paid
92.2
84.3
73.9
+9.3%
Dividend per share
$2.20
$1.84
$1.52
+19.6%
Diluted shares, weighted
43m
48m
50m
-9.1%
Shares outstanding at period end
41m
43m
48m
-4.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
-3,040
-2,735
-1,883
Debt
3,532
3,154
2,188
+12.0%
Operating lease liabilities
0.0
n/a
n/a
Finance lease liabilities
16.4
n/a
n/a
Other liabilities
399
418
412
-4.5%
Total liabilities and equity
907
837
716
+8.4%
Fixed assets
235
170
139
+38.5%
Goodwill
14.9
15.4
16.1
-3.3%
Investments
8.7
8.1
7.3
+7.4%
Cash and equivalents
25.4
35.8
42.8
-28.9%
Receivables
190
174
150
+9.5%
Inventory
46.0
40.0
40.2
+15.0%
Other assets
387
394
321
-1.8%
Total assets
907
837
716
+8.4%
10-K for the year ended 30 December 2018, filed 21 February 2019: the filing.