Fair Isaac (FICO) FY2018 results: revenue $1.0 billion, up 7.0% on the year
Fair Isaac Corp. (FICO) reported revenue of $1.0 billion for fiscal 2018, the year ended 30 September 2018, up 7.0% on the year before. Net income was $126 million, down 5.2%, and diluted earnings per share $4.06. The figures are the company's own, from the 10-K it filed with the SEC on 9 November 2018.
Revenue
$1.0 billion
+7.0% on the year
FY2011FY2018
Operating margin
17.5%
19.5% a year earlier
FY2011FY2018
Net income
$126 million
-5.2% on the year
FY2011FY2018
Diluted EPS
$4.06
-1.9% 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
1,000
935
881
+7.0%
Cost of revenue
313
287
265
+9.0%
Gross profit
687
648
616
+6.1%
Gross margin
68.7%
69.3%
69.9%
Research and development
128
111
104
+15.8%
Selling, general and administrative
377
337
329
+11.8%
Operating income
175
182
170
-3.7%
Operating margin
17.5%
19.5%
19.2%
Interest expense
31.3
25.8
26.6
+21.4%
Pre-tax income
157
156
145
+0.4%
Income tax
30.4
22.9
35.1
+33.1%
Effective tax rate
19.4%
14.6%
24.3%
Net income
126
133
109
-5.2%
Net margin
12.6%
14.3%
12.4%
Diluted EPS
$4.06
$4.14
$3.39
-1.9%
$ 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
223
226
n/a
-1.1%
Capital expenditure
31.3
19.8
22.0
+57.9%
Free cash flow
192
206
n/a
-6.8%
Free cash flow margin
19.2%
22.0%
n/a
Cash from investing
-14.1
-20.6
n/a
Cash from financing
-219
-181
n/a
Depreciation and amortisation
30.2
36.2
31.6
-16.7%
Share-based compensation
74.8
61.2
55.5
+22.2%
Buybacks
343
188
138
+82.6%
Dividends paid
0.0
1.2
2.5
Diluted shares, weighted
31m
32m
32m
-3.3%
Shares outstanding at period end
29m
30m
31m
-4.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
287
466
481
-38.3%
Debt
764
605
571
+26.3%
Other liabilities
279
185
169
+51.2%
Total liabilities and equity
1,330
1,256
1,221
+6.0%
Fixed assets
48.8
40.7
45.1
+20.0%
Goodwill
801
804
798
-0.4%
Intangible assets
14.5
21.2
33.6
-31.4%
Investments
18.1
13.8
11.0
+30.9%
Cash and equivalents
90.0
106
75.9
-14.8%
Receivables
267
169
168
+58.2%
Other assets
91.4
101
89.2
-9.8%
Total assets
1,330
1,256
1,221
+6.0%
10-K for the year ended 30 September 2018, filed 9 November 2018: the filing.