Exponent (EXPO) FY2019 results: revenue $417 million, up 9.9% on the year
Exponent Inc. (EXPO) reported revenue of $417 million for fiscal 2019, the year ended 3 January 2020, up 9.9% on the year before. Net income was $82 million, up 14.1%, and diluted earnings per share $1.53. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$417 million
+9.9% on the year
FY2012FY2019
Operating margin
20.4%
24.1% a year earlier
FY2012FY2019
Net income
$82 million
+14.1% on the year
FY2012FY2019
Diluted EPS
$1.53
+15.0% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
417
380
348
+9.9%
Operating income
85.1
91.5
72.1
-6.9%
Operating margin
20.4%
24.1%
20.7%
Pre-tax income
104
93.3
82.5
+11.7%
Income tax
21.7
21.1
41.2
+3.2%
Effective tax rate
20.9%
22.6%
49.9%
Net income
82.5
72.3
41.3
+14.1%
Net margin
19.8%
19.0%
11.9%
Diluted EPS
$1.53
$1.33
$0.77
+15.0%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
108
91.2
67.8
+18.5%
Capital expenditure
23.0
16.3
4.7
+41.4%
Free cash flow
85.0
74.9
63.1
+13.5%
Free cash flow margin
20.4%
19.7%
18.1%
Cash from investing
4.3
-25.8
-17.7
Cash from financing
-63.4
-62.5
-41.3
Depreciation and amortisation
6.8
6.3
6.3
+8.2%
Share-based compensation
17.5
17.0
16.2
+2.8%
Buybacks
22.0
27.9
11.9
-21.3%
Dividends paid
33.1
27.0
21.6
+23.0%
Dividend per share
$0.64
$0.52
$0.42
+23.1%
Diluted shares, weighted
54m
54m
54m
-0.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
350
314
289
+11.6%
Debt
0.0
0.0
0.0
Operating lease liabilities
18.2
0.0
n/a
Other liabilities
195
155
151
+25.8%
Total liabilities and equity
563
469
440
+20.1%
Fixed assets
61.6
46.1
35.0
+33.6%
Goodwill
8.6
8.6
8.6
0.0%
Investments
55.2
81.5
71.6
-32.3%
Trading assets
n/a
57.8
53.4
Cash and equivalents
176
127
125
+38.9%
Receivables
120
106
110
+13.5%
Other assets
141
42.1
36.1
+236.2%
Total assets
563
469
440
+20.1%
10-K for the year ended 3 January 2020, filed 28 February 2020: the filing.