Ingersoll Rand (IR) FY2018 results: revenue $2.7 billion, up 13.2% on the year
Ingersoll Rand Inc. (IR) reported revenue of $2.7 billion for fiscal 2018, the year ended 31 December 2018, up 13.2% on the year before. Net income was $269 million, up 1364.1%, and diluted earnings per share $1.29. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$2.7 billion
+13.2% on the year
FY2015FY2018
Operating margin
16.5%
4.6% a year earlier
FY2015FY2018
Net income
$269 million
+1,364.1% on the year
FY2015FY2018
Diluted EPS
$1.29
+1,190.0% on the year
FY2015FY2018
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
2,690
2,375
1,939
+13.2%
Cost of revenue
1,677
1,478
1,223
+13.5%
Gross profit
1,012
898
717
+12.8%
Gross margin
37.6%
37.8%
37.0%
Research and development
24.0
26.0
22.0
-7.7%
Selling, general and administrative
435
447
414
-2.7%
Operating income
443
109
104
+306.0%
Operating margin
16.5%
4.6%
5.3%
Interest expense
99.6
141
170
-29.2%
Pre-tax income
350
-113
-63.2
Income tax
80.1
-131
-31.9
Effective tax rate
22.9%
n/a
n/a
Net income
269
18.4
-36.6
+1,364.1%
Net margin
10.0%
0.8%
-1.9%
Diluted EPS
$1.29
$0.10
-$0.25
+1,190.0%
$ 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
444
200
166
+121.7%
Capital expenditure
52.2
56.8
74.4
-8.1%
Free cash flow
392
144
91.2
+173.0%
Free cash flow margin
14.6%
6.0%
4.7%
Cash from investing
-235
-60.8
-82.1
Cash from financing
-373
-17.4
-43.0
Depreciation and amortisation
180
174
173
+3.8%
Share-based compensation
2.8
175
0.0
-98.4%
Buybacks
40.7
3.6
14.1
+1,030.6%
Diluted shares, weighted
209m
188m
149m
+11.0%
Shares outstanding at period end
198m
196m
149m
+1.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,676
1,477
266
+13.5%
Non-controlling interest
n/a
0.0
5.9
Short-term borrowings
0.0
n/a
n/a
Debt
1,664
2,040
2,778
-18.4%
Other liabilities
1,147
1,104
1,266
+3.9%
Total liabilities and equity
4,487
4,621
4,316
-2.9%
Fixed assets
357
363
358
-1.8%
Goodwill
1,290
1,228
1,155
+5.0%
Intangible assets
1,368
1,431
1,470
-4.4%
Cash and equivalents
221
393
256
-43.8%
Receivables
525
536
442
-2.0%
Inventory
524
494
444
+5.9%
Other assets
202
175
192
+15.4%
Total assets
4,487
4,621
4,316
-2.9%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.