Enovis (ENOV) FY2018 results: revenue $2.2 billion, up 13.2% on the year
Enovis Corp. (ENOV) reported revenue of $2.2 billion for fiscal 2018, the year ended 31 December 2018, up 13.2% on the year before. Net income was $140 million, down 7.2%, and diluted earnings per share $3.48. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2020.
Revenue
$2.2 billion
+13.2% on the year
FY2011FY2018
Operating margin
6.9%
7.0% a year earlier
FY2011FY2018
Net income
$140 million
-7.2% on the year
FY2011FY2018
Diluted EPS
$3.48
-4.9% 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
2,193
1,937
3,186
+13.2%
Cost of revenue
1,464
1,266
2,193
+15.6%
Gross profit
729
672
992
+8.6%
Gross margin
33.3%
34.7%
31.2%
Selling, general and administrative
549
501
697
+9.6%
Operating income
152
136
237
+11.8%
Operating margin
6.9%
7.0%
7.4%
Interest expense
49.1
40.1
30.3
+22.4%
Pre-tax income
92.4
48.6
207
+90.2%
Income tax
-29.5
2.5
51.8
Effective tax rate
-31.9%
5.1%
25.1%
Net income
140
151
128
-7.2%
Net margin
6.4%
7.8%
4.0%
Diluted EPS
$3.48
$3.66
$3.12
-4.9%
$ 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
226
219
247
+3.5%
Capital expenditure
69.6
68.8
63.3
+1.3%
Free cash flow
157
150
184
+4.5%
Free cash flow margin
7.1%
7.7%
5.8%
Cash from investing
-168
89.9
-82.0
Cash from financing
-47.2
-280
-145
Depreciation and amortisation
81.2
72.7
129
+11.7%
Share-based compensation
25.1
21.5
19.0
+16.5%
Buybacks
200
0.0
20.8
Diluted shares, weighted
40m
41m
41m
-2.0%
Shares outstanding at period end
39m
41m
41m
-4.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
3,270
3,500
2,897
-6.6%
Non-controlling interest
207
227
196
-8.7%
Debt
1,199
1,061
1,292
+13.0%
Other liabilities
1,928
1,921
1,953
+0.4%
Total liabilities and equity
6,604
6,710
6,338
-1.6%
Fixed assets
327
553
505
-40.8%
Goodwill
1,498
1,430
2,351
+4.7%
Intangible assets
628
1,017
916
-38.2%
Investments
0.0
150
0.0
Cash and equivalents
77.2
262
209
-70.6%
Receivables
387
970
839
-60.2%
Inventory
360
430
365
-16.3%
Other assets
3,327
1,898
1,153
+75.3%
Total assets
6,604
6,710
6,338
-1.6%
10-K for the year ended 31 December 2018, filed 24 February 2020: the filing.