Ezcorp (EZPW) FY2018 results: revenue $812 million, up 8.6% on the year
Ezcorp Inc. (EZPW) reported revenue of $812 million for fiscal 2018, the year ended 30 September 2018, up 8.6% on the year before. Net income was $37 million, up 18.7%, and diluted earnings per share $0.64. The figures are the company's own, from the 10-K it filed with the SEC on 5 December 2019.
Revenue
$812 million
+8.6% on the year
FY2011FY2018
Operating margin
8.3%
7.1% a year earlier
FY2011FY2018
Net income
$37 million
+18.7% on the year
FY2011FY2018
Diluted EPS
$0.64
+10.3% 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
812
748
731
+8.6%
Cost of revenue
n/a
267
258
Gross profit
482
436
428
+10.6%
Gross margin
59.3%
58.2%
58.6%
Operating income
67.1
53.0
29.2
+26.6%
Operating margin
8.3%
7.1%
4.0%
Interest expense
27.8
27.8
16.5
+0.1%
Pre-tax income
55.5
42.7
0.4
+30.1%
Income tax
18.4
11.1
9.4
+65.8%
Effective tax rate
33.1%
26.0%
2578.8%
Net income
37.3
31.4
-80.7
+18.7%
Net margin
4.6%
4.2%
-11.1%
Diluted EPS
$0.64
$0.58
-$1.49
+10.3%
$ 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
89.0
50.7
68.1
+75.6%
Capital expenditure
40.5
25.0
13.3
+61.9%
Free cash flow
48.5
25.7
54.9
+89.0%
Free cash flow margin
6.0%
3.4%
7.5%
Cash from investing
-134
-13.4
3.0
Cash from financing
168
53.4
-63.2
+214.1%
Depreciation and amortisation
25.5
23.7
28.7
+7.7%
Share-based compensation
10.8
5.9
5.3
+83.8%
Buybacks
0.0
0.0
11.8
Diluted shares, weighted
58m
54m
54m
+6.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
743
662
595
+12.1%
Non-controlling interest
-3.3
-2.4
-0.8
Redeemable equity
n/a
n/a
0.0
Debt
417
285
284
+46.4%
Other liabilities
85.5
79.6
105
+7.4%
Total liabilities and equity
1,242
1,024
983
+21.2%
Fixed assets
73.6
58.0
58.5
+27.1%
Goodwill
299
255
254
+17.5%
Intangible assets
54.9
32.4
30.7
+69.4%
Cash and equivalents
285
164
65.7
+73.6%
Receivables
18.9
19.5
n/a
-3.1%
Inventory
167
154
140
+8.2%
Other assets
343
341
434
+0.5%
Total assets
1,242
1,024
983
+21.2%
10-K for the year ended 30 September 2018, filed 5 December 2019: the filing.