HCI Group (HCI) FY2018 results: revenue $231 million, down 5.4% on the year
HCI Group, Inc. (HCI) reported revenue of $231 million for fiscal 2018, the year ended 31 December 2018, down 5.4% on the year before. Net income was $18 million, and diluted earnings per share $2.34. The figures are the company's own, from the 10-K it filed with the SEC on 8 March 2019.
Revenue
$231 million
-5.4% on the year
FY2011FY2018
Operating margin
11.6%
-6.4% a year earlier
FY2011FY2018
Net income
$18 million
FY2011FY2018
Diluted EPS
$2.34
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
231
244
264
-5.4%
Operating income
26.9
-15.6
46.9
Operating margin
11.6%
-6.4%
17.7%
Interest expense
18.1
16.8
11.1
+7.9%
Pre-tax income
26.9
-15.6
46.9
Income tax
9.2
-8.7
17.8
Effective tax rate
34.1%
n/a
38.1%
Net income
17.7
-6.9
29.0
Net margin
7.7%
-2.8%
11.0%
Diluted EPS
$2.34
-$0.75
$2.92
$ 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
28.6
16.6
88.3
+71.9%
Capital expenditure
2.2
2.3
0.9
-6.5%
Free cash flow
26.4
14.3
87.4
+84.7%
Free cash flow margin
11.4%
5.8%
33.1%
Cash from investing
-17.7
-80.2
-49.0
Cash from financing
-27.3
39.0
-26.2
Depreciation and amortisation
1.4
1.2
1.3
+10.6%
Share-based compensation
4.6
4.5
4.2
+2.4%
Buybacks
1.2
30.7
0.5
-96.3%
Dividends paid
11.3
13.9
12.4
-18.6%
Dividend per share
$1.48
$1.40
$1.20
+5.4%
Diluted shares, weighted
8m
n/a
11m
Shares outstanding at period end
8m
9m
10m
-4.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
181
194
244
-6.5%
Debt
265
238
139
+11.4%
Other liabilities
386
410
287
-5.9%
Total liabilities and equity
833
842
670
-1.1%
Fixed assets
13.3
12.5
11.4
+7.0%
Intangible assets
4.8
5.0
4.9
-3.9%
Investments
66.5
0.0
n/a
Securities held for sale or to maturity
n/a
n/a
166
Cash and equivalents
239
256
281
-6.4%
Other assets
509
569
207
-10.6%
Total assets
833
842
670
-1.1%
10-K for the year ended 31 December 2018, filed 8 March 2019: the filing.