EnerSys (ENS) FY2018 results: revenue $2.6 billion, up 9.1% on the year
EnerSys (ENS) reported revenue of $2.6 billion for fiscal 2018, the year ended 31 March 2018, up 9.1% on the year before. Net income was $120 million, down 25.4%, and diluted earnings per share $2.77. The figures are the company's own, from the 10-K it filed with the SEC on 30 May 2018.
Revenue
$2.6 billion
+9.1% on the year
FY2011FY2018
Operating margin
10.5%
10.0% a year earlier
FY2011FY2018
Net income
$120 million
-25.4% on the year
FY2011FY2018
Diluted EPS
$2.77
-23.9% 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
2,582
2,367
2,316
+9.1%
Cost of revenue
1,920
1,713
1,704
+12.1%
Gross profit
658
651
612
+1.2%
Gross margin
25.5%
27.5%
26.4%
Operating income
271
237
210
+14.2%
Operating margin
10.5%
10.0%
9.1%
Interest expense
25.0
22.2
22.3
+12.6%
Pre-tax income
238
213
182
+12.1%
Income tax
118
54.5
50.1
+117.5%
Effective tax rate
49.7%
25.6%
27.5%
Net income
120
160
136
-25.4%
Net margin
4.6%
6.8%
5.9%
Diluted EPS
$2.77
$3.64
$2.99
-23.9%
$ 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
211
246
308
-14.2%
Capital expenditure
69.8
50.1
55.9
+39.5%
Free cash flow
141
196
252
-27.9%
Free cash flow margin
5.5%
8.3%
10.9%
Cash from investing
-72.4
-61.8
-80.9
Cash from financing
-167
-62.5
-106
Depreciation and amortisation
54.3
53.9
56.0
+0.7%
Share-based compensation
19.5
19.2
19.6
+1.4%
Buybacks
121
0.0
178
Dividends paid
29.7
30.4
30.9
-2.4%
Dividend per share
$0.70
$0.70
$0.70
0.0%
Diluted shares, weighted
43m
44m
45m
-2.0%
Shares outstanding at period end
42m
43m
43m
-3.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,196
1,103
1,013
+8.4%
Non-controlling interest
5.4
4.9
5.3
+10.6%
Redeemable equity
n/a
0.0
6.0
Debt
598
606
628
-1.3%
Other liabilities
688
579
562
+18.9%
Total liabilities and equity
2,487
2,293
2,214
+8.5%
Fixed assets
390
349
357
+12.0%
Goodwill
353
329
354
+7.3%
Intangible assets
147
154
160
-4.4%
Cash and equivalents
522
500
397
+4.4%
Receivables
546
487
491
+12.3%
Inventory
414
361
331
+14.8%
Other assets
114
114
125
-0.1%
Total assets
2,487
2,293
2,214
+8.5%
10-K for the year ended 31 March 2018, filed 30 May 2018: the filing.