Fair Isaac (FICO) FY2019 results: revenue $1.2 billion, up 16.0% on the year
Fair Isaac Corp. (FICO) reported revenue of $1.2 billion for fiscal 2019, the year ended 30 September 2019, up 16.0% on the year before. Net income was $192 million, up 51.9%, and diluted earnings per share $6.34. The figures are the company's own, from the 10-K it filed with the SEC on 8 November 2019.
Revenue
$1.2 billion
+16.0% on the year
FY2012FY2019
Operating margin
21.9%
17.5% a year earlier
FY2012FY2019
Net income
$192 million
+51.9% on the year
FY2012FY2019
Diluted EPS
$6.34
+56.2% 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
1,160
1,000
935
+16.0%
Cost of revenue
337
313
287
+7.7%
Gross profit
823
687
648
+19.8%
Gross margin
71.0%
68.7%
69.3%
Research and development
149
128
111
+16.4%
Selling, general and administrative
414
377
337
+9.9%
Operating income
254
175
182
+44.6%
Operating margin
21.9%
17.5%
19.5%
Interest expense
39.8
31.3
25.8
+27.0%
Pre-tax income
216
157
156
+37.7%
Income tax
23.9
30.4
22.9
-21.4%
Effective tax rate
11.1%
19.4%
14.6%
Net income
192
126
133
+51.9%
Net margin
16.6%
12.6%
14.3%
Diluted EPS
$6.34
$4.06
$4.14
+56.2%
$ 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
260
223
226
+16.7%
Capital expenditure
24.0
31.3
19.8
-23.4%
Free cash flow
236
192
206
+23.3%
Free cash flow margin
20.4%
19.2%
22.0%
Cash from investing
-42.8
-14.1
-20.6
Cash from financing
-200
-219
-181
Depreciation and amortisation
31.6
30.2
36.2
+4.7%
Share-based compensation
83.0
74.8
61.2
+10.9%
Buybacks
229
343
188
-33.2%
Dividends paid
0.0
0.0
1.2
Diluted shares, weighted
30m
31m
32m
-2.8%
Shares outstanding at period end
29m
29m
30m
-0.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
290
287
466
+0.8%
Debt
825
764
605
+8.0%
Other liabilities
319
279
185
+14.3%
Total liabilities and equity
1,433
1,330
1,256
+7.7%
Fixed assets
53.0
48.8
40.7
+8.6%
Goodwill
804
801
804
+0.3%
Intangible assets
14.1
14.5
21.2
-2.7%
Investments
20.2
18.1
13.8
+12.0%
Cash and equivalents
106
90.0
106
+18.2%
Receivables
297
267
169
+11.5%
Other assets
139
91.4
101
+51.7%
Total assets
1,433
1,330
1,256
+7.7%
10-K for the year ended 30 September 2019, filed 8 November 2019: the filing.