Fair Isaac (FICO) FY2017 results: revenue $935 million, up 6.1% on the year
Fair Isaac Corp. (FICO) reported revenue of $935 million for fiscal 2017, the year ended 30 September 2017, up 6.1% on the year before. Net income was $133 million, up 21.9%, and diluted earnings per share $4.14. The figures are the company's own, from the 10-K it filed with the SEC on 9 November 2018.
Revenue
$935 million
+6.1% on the year
FY2010FY2017
Operating margin
19.5%
19.2% a year earlier
FY2010FY2017
Net income
$133 million
+21.9% on the year
FY2010FY2017
Diluted EPS
$4.14
+22.1% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
935
881
839
+6.1%
Cost of revenue
287
265
271
+8.3%
Gross profit
648
616
568
+5.1%
Gross margin
69.3%
69.9%
67.7%
Research and development
111
104
98.8
+6.9%
Selling, general and administrative
337
329
300
+2.5%
Operating income
182
170
138
+7.4%
Operating margin
19.5%
19.2%
16.4%
Interest expense
25.8
26.6
29.1
-3.2%
Pre-tax income
156
145
109
+8.1%
Income tax
22.9
35.1
22.7
-34.9%
Effective tax rate
14.6%
24.3%
20.8%
Net income
133
109
86.5
+21.9%
Net margin
14.3%
12.4%
10.3%
Diluted EPS
$4.14
$3.39
$2.65
+22.1%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
226
n/a
n/a
Capital expenditure
19.8
22.0
25.0
-9.7%
Free cash flow
206
n/a
n/a
Free cash flow margin
22.0%
n/a
n/a
Cash from investing
-20.6
n/a
n/a
Cash from financing
-181
n/a
n/a
Depreciation and amortisation
36.2
31.6
33.9
+14.5%
Share-based compensation
61.2
55.5
45.3
+10.3%
Buybacks
188
138
131
+35.6%
Dividends paid
1.2
2.5
2.5
-50.3%
Diluted shares, weighted
32m
32m
33m
-0.2%
Shares outstanding at period end
30m
31m
31m
-2.2%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
466
481
437
-3.1%
Debt
605
571
608
+6.0%
Other liabilities
185
169
185
+9.2%
Total liabilities and equity
1,256
1,221
1,230
+2.8%
Fixed assets
40.7
45.1
38.2
-9.8%
Goodwill
804
798
815
+0.8%
Intangible assets
21.2
33.6
47.3
-37.0%
Investments
13.8
11.0
9.6
+25.2%
Cash and equivalents
106
75.9
86.1
+39.1%
Receivables
169
168
159
+0.5%
Other assets
101
89.2
75.4
+13.6%
Total assets
1,256
1,221
1,230
+2.8%
10-K for the year ended 30 September 2017, filed 9 November 2018: the filing.