Jacobs Solutions (J) FY2018 results: revenue $10.6 billion, up 67.1% on the year
Jacobs Solutions Inc. (J) reported revenue of $10.6 billion for fiscal 2018, the year ended 28 September 2018, up 67.1% on the year before. Net income was $163 million, down 44.4%, and diluted earnings per share $1.17. The figures are the company's own, from the 10-K it filed with the SEC on 21 November 2018.
Revenue
$10.6 billion
+67.1% on the year
FY2011FY2018
Operating margin
3.7%
3.9% a year earlier
FY2011FY2018
Net income
$163 million
-44.4% on the year
FY2011FY2018
Diluted EPS
$1.17
-51.7% 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
10,580
6,330
10,964
+67.1%
Cost of revenue
8,421
5,070
9,196
+66.1%
Gross profit
2,159
1,260
1,768
+71.3%
Gross margin
20.4%
19.9%
16.1%
Selling, general and administrative
1,771
1,016
1,429
+74.3%
Operating income
387
244
339
+58.7%
Operating margin
3.7%
3.9%
3.1%
Interest expense
76.8
12.0
15.3
+537.8%
Pre-tax income
331
243
287
+36.1%
Income tax
326
73.1
72.2
+345.4%
Effective tax rate
98.4%
30.1%
25.2%
Net income
163
294
210
-44.4%
Net margin
1.5%
4.6%
1.9%
Diluted EPS
$1.17
$2.42
$1.73
-51.7%
$ 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
481
575
680
-16.3%
Capital expenditure
94.9
118
67.7
-19.6%
Free cash flow
386
457
612
-15.4%
Free cash flow margin
3.7%
7.2%
5.6%
Cash from investing
-1,578
-236
-140
Cash from financing
1,142
-243
-317
Depreciation and amortisation
118
76.4
82.4
+54.2%
Share-based compensation
79.2
38.8
32.4
+104.4%
Buybacks
3.0
97.2
153
-96.9%
Dividends paid
86.6
58.8
5.9
+47.2%
Dividend per share
$0.60
n/a
n/a
Diluted shares, weighted
139m
120m
121m
+15.5%
Shares outstanding at period end
142m
120m
121m
+18.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
5,854
4,428
4,265
+32.2%
Non-controlling interest
90.0
59.0
64.9
+52.6%
Debt
2,147
238
388
+801.8%
Other liabilities
4,555
2,655
2,642
+71.5%
Total liabilities and equity
12,646
7,381
7,360
+71.3%
Fixed assets
258
350
320
-26.3%
Goodwill
4,796
3,010
3,080
+59.3%
Intangible assets
573
333
337
+72.1%
Cash and equivalents
635
608
656
+4.5%
Receivables
2,514
2,103
2,116
+19.6%
Other assets
3,870
978
852
+295.8%
Total assets
12,646
7,381
7,360
+71.3%
10-K for the year ended 28 September 2018, filed 21 November 2018: the filing.