Jacobs Solutions (J) FY2019 results: revenue $12.7 billion, up 20.4% on the year
Jacobs Solutions Inc. (J) reported revenue of $12.7 billion for fiscal 2019, the year ended 27 September 2019, up 20.4% on the year before. Net income was $848 million, up 418.9%, and diluted earnings per share $6.08. The figures are the company's own, from the 10-K it filed with the SEC on 25 November 2019.
Revenue
$12.7 billion
+20.4% on the year
FY2012FY2019
Operating margin
3.2%
3.7% a year earlier
FY2012FY2019
Net income
$848 million
+418.9% on the year
FY2012FY2019
Diluted EPS
$6.08
+419.7% 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
12,738
10,580
6,330
+20.4%
Cost of revenue
10,261
8,421
5,070
+21.8%
Gross profit
2,477
2,159
1,260
+14.8%
Gross margin
19.4%
20.4%
19.9%
Selling, general and administrative
2,072
1,771
1,016
+17.0%
Operating income
405
387
244
+4.5%
Operating margin
3.2%
3.7%
3.9%
Interest expense
83.8
76.8
12.0
+9.2%
Pre-tax income
351
331
243
+6.0%
Income tax
37.0
326
73.1
-88.7%
Effective tax rate
10.5%
98.4%
30.1%
Net income
848
163
294
+418.9%
Net margin
6.7%
1.5%
4.6%
Diluted EPS
$6.08
$1.17
$2.42
+419.7%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
-366
481
575
Capital expenditure
136
94.9
118
+43.3%
Free cash flow
-502
386
457
Free cash flow margin
-3.9%
3.7%
7.2%
Cash from investing
2,152
-1,578
-236
Cash from financing
-1,969
1,142
-243
Depreciation and amortisation
90.2
118
76.4
-23.5%
Share-based compensation
69.1
79.2
38.8
-12.8%
Buybacks
854
3.0
97.2
+28,537.2%
Dividends paid
106
86.6
58.8
+22.9%
Dividend per share
$0.19
$0.60
n/a
-68.3%
Diluted shares, weighted
139m
139m
120m
+0.4%
Shares outstanding at period end
133m
142m
120m
-6.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
5,715
5,854
4,428
-2.4%
Non-controlling interest
54.0
90.0
59.0
-40.0%
Debt
1,401
2,147
238
-34.7%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
4,293
4,555
2,655
-5.7%
Total liabilities and equity
11,463
12,646
7,381
-9.4%
Fixed assets
308
258
350
+19.5%
Goodwill
5,433
4,796
3,010
+13.3%
Intangible assets
665
573
333
+16.1%
Cash and equivalents
631
635
608
-0.6%
Receivables
2,840
2,514
2,103
+13.0%
Other assets
1,586
3,870
978
-59.0%
Total assets
11,463
12,646
7,381
-9.4%
10-K for the year ended 27 September 2019, filed 25 November 2019: the filing.