HCI Group (HCI) FY2019 results: revenue $242 million, up 4.8% on the year
HCI Group, Inc. (HCI) reported revenue of $242 million for fiscal 2019, the year ended 31 December 2019, up 4.8% on the year before. Net income was $27 million, up 49.9%, and diluted earnings per share $3.31. The figures are the company's own, from the 10-K it filed with the SEC on 6 March 2020.
Revenue
$242 million
+4.8% on the year
FY2012FY2019
Operating margin
14.9%
11.6% a year earlier
FY2012FY2019
Net income
$27 million
+49.9% on the year
FY2012FY2019
Diluted EPS
$3.31
+41.5% 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
242
231
244
+4.8%
Operating income
36.1
26.9
-15.6
+34.2%
Operating margin
14.9%
11.6%
-6.4%
Interest expense
13.1
18.1
16.8
-27.9%
Pre-tax income
36.1
26.9
-15.6
+34.2%
Income tax
9.5
9.2
-8.7
+3.7%
Effective tax rate
26.4%
34.1%
n/a
Net income
26.6
17.7
-6.9
+49.9%
Net margin
11.0%
7.7%
-2.8%
Diluted EPS
$3.31
$2.34
-$0.75
+41.5%
$ 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
54.0
28.6
16.6
+89.0%
Capital expenditure
2.9
2.2
2.3
+32.0%
Free cash flow
51.2
26.4
14.3
+93.7%
Free cash flow margin
21.1%
11.4%
5.8%
Cash from investing
50.5
-17.7
-80.2
Cash from financing
-115
-27.3
39.0
Depreciation and amortisation
1.6
1.4
1.2
+13.2%
Share-based compensation
6.5
4.6
4.5
+39.5%
Buybacks
1.2
1.2
30.7
+4.5%
Dividends paid
13.0
11.3
13.9
+15.0%
Dividend per share
$1.60
$1.48
$1.40
+8.5%
Diluted shares, weighted
10m
8m
n/a
+29.7%
Shares outstanding at period end
8m
8m
9m
-7.1%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
186
181
194
+2.3%
Debt
174
265
238
-34.5%
Other liabilities
443
386
410
+14.7%
Total liabilities and equity
803
833
842
-3.6%
Fixed assets
14.7
13.3
12.5
+10.2%
Intangible assets
4.2
4.8
5.0
-12.7%
Investments
n/a
66.5
0.0
Securities held for sale or to maturity
203
n/a
n/a
Cash and equivalents
229
239
256
-4.3%
Other assets
352
509
569
-30.9%
Total assets
803
833
842
-3.6%
10-K for the year ended 31 December 2019, filed 6 March 2020: the filing.