Exponent (EXPO) FY2018 results: revenue $380 million, up 9.1% on the year
Exponent Inc. (EXPO) reported revenue of $380 million for fiscal 2018, the year ended 28 December 2018, up 9.1% on the year before. Net income was $72 million, up 74.9%, and diluted earnings per share $1.33. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$380 million
+9.1% on the year
FY2011FY2018
Operating margin
24.1%
20.7% a year earlier
FY2011FY2018
Net income
$72 million
+74.9% on the year
FY2011FY2018
Diluted EPS
$1.33
+73.9% 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
380
348
315
+9.1%
Operating income
91.5
72.1
61.9
+26.9%
Operating margin
24.1%
20.7%
19.6%
Pre-tax income
93.3
82.5
69.1
+13.1%
Income tax
21.1
41.2
21.6
-48.9%
Effective tax rate
22.6%
49.9%
31.3%
Net income
72.3
41.3
47.5
+74.9%
Net margin
19.0%
11.9%
15.1%
Diluted EPS
$1.33
$0.77
$0.88
+73.9%
$ 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
91.2
67.8
66.9
+34.4%
Capital expenditure
16.3
4.7
14.4
+244.9%
Free cash flow
74.9
63.1
52.6
+18.7%
Free cash flow margin
19.7%
18.1%
16.7%
Cash from investing
-25.8
-17.7
-27.4
Cash from financing
-62.5
-41.3
-49.2
Depreciation and amortisation
6.3
6.3
6.1
+0.1%
Share-based compensation
17.0
16.2
13.3
+5.2%
Buybacks
27.9
11.9
24.5
+134.0%
Dividends paid
27.0
21.6
18.6
+24.6%
Dividend per share
$0.52
$0.42
$0.36
+23.8%
Diluted shares, weighted
54m
54m
54m
+0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
314
289
273
+8.6%
Debt
0.0
0.0
0.0
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
155
151
130
+3.0%
Total liabilities and equity
469
440
404
+6.7%
Fixed assets
46.1
35.0
36.7
+31.7%
Goodwill
8.6
8.6
8.6
0.0%
Investments
81.5
71.6
58.8
+13.8%
Trading assets
57.8
53.4
48.3
+8.3%
Cash and equivalents
127
125
115
+1.8%
Receivables
106
110
87.4
-3.9%
Other assets
42.1
36.1
49.0
+16.5%
Total assets
469
440
404
+6.7%
10-K for the year ended 28 December 2018, filed 22 February 2019: the filing.