Interparfums (IPAR) FY2018 results: revenue $676 million, up 14.3% on the year
Interparfums Inc. (IPAR) reported revenue of $676 million for fiscal 2018, the year ended 31 December 2018, up 14.3% on the year before. Net income was $54 million, up 29.3%, and diluted earnings per share $1.71. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2019.
Revenue
$676 million
+14.3% on the year
FY2011FY2018
Operating margin
14.0%
13.3% a year earlier
FY2011FY2018
Net income
$54 million
+29.3% on the year
FY2011FY2018
Diluted EPS
$1.71
+28.6% 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
676
591
521
+14.3%
Cost of revenue
248
215
195
+15.4%
Gross profit
428
376
326
+13.6%
Gross margin
63.3%
63.6%
62.7%
Selling, general and administrative
333
296
259
+12.6%
Operating income
94.7
78.6
66.7
+20.5%
Operating margin
14.0%
13.3%
12.8%
Interest expense
2.6
2.0
2.3
+29.4%
Pre-tax income
95.9
78.1
67.1
+22.8%
Income tax
26.1
22.8
23.8
+14.6%
Effective tax rate
27.3%
29.2%
35.5%
Net income
53.8
41.6
33.3
+29.3%
Net margin
8.0%
7.0%
6.4%
Diluted EPS
$1.71
$1.33
$1.07
+28.6%
$ 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
63.0
35.9
54.6
+75.6%
Capital expenditure
4.0
3.0
4.8
+30.9%
Free cash flow
59.1
32.9
49.8
+79.8%
Free cash flow margin
8.7%
5.6%
9.6%
Cash from investing
-13.6
36.9
-20.4
Cash from financing
-55.9
-47.6
-44.6
Depreciation and amortisation
4.1
3.8
3.7
+7.9%
Share-based compensation
2.2
2.1
1.2
+5.4%
Buybacks
n/a
n/a
0.1
Dividends paid
26.3
21.2
18.0
+24.0%
Dividend per share
$0.91
$0.72
$0.62
+26.4%
Diluted shares, weighted
32m
31m
31m
+0.7%
Shares outstanding at period end
31m
31m
31m
+0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
448
433
370
+3.3%
Non-controlling interest
138
137
113
+0.6%
Debt
46.1
60.6
74.6
-24.0%
Other liabilities
167
147
124
+14.2%
Total liabilities and equity
799
778
682
+2.8%
Fixed assets
9.8
10.3
10.1
-4.8%
Intangible assets
204
200
184
+1.9%
Investments
67.9
69.9
94.2
-2.9%
Cash and equivalents
193
208
162
-7.3%
Receivables
133
121
105
+10.4%
Inventory
162
137
97.0
+18.0%
Other assets
28.9
30.9
30.6
-6.5%
Total assets
799
778
682
+2.8%
10-K for the year ended 31 December 2018, filed 1 March 2019: the filing.