J.B. Hunt Transport Services (JBHT) FY2018 results: revenue $8.6 billion, up 19.8% on the year
J.B. Hunt Transport Services, Inc. (JBHT) reported revenue of $8.6 billion for fiscal 2018, the year ended 31 December 2018, up 19.8% on the year before. Net income was $490 million, down 28.7%, and diluted earnings per share $4.43. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$8.6 billion
+19.8% on the year
FY2011FY2018
Operating margin
7.9%
8.7% a year earlier
FY2011FY2018
Net income
$490 million
-28.7% on the year
FY2011FY2018
Diluted EPS
$4.43
-28.3% 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
8,615
7,190
6,555
+19.8%
Operating income
681
624
721
+9.2%
Operating margin
7.9%
8.7%
11.0%
Interest expense
40.4
28.8
25.3
+40.4%
Pre-tax income
641
595
696
+7.7%
Income tax
151
-91.0
264
Effective tax rate
23.6%
-15.3%
37.9%
Net income
490
686
432
-28.7%
Net margin
5.7%
9.5%
6.6%
Diluted EPS
$4.43
$6.18
$3.81
-28.3%
$ 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
1,088
855
854
+27.2%
Capital expenditure
996
527
638
+89.0%
Free cash flow
92.2
328
216
-71.9%
Free cash flow margin
1.1%
4.6%
3.3%
Cash from investing
-887
-651
-485
Cash from financing
-208
-196
-368
Depreciation and amortisation
436
384
362
+13.7%
Share-based compensation
47.4
38.3
40.6
+23.7%
Buybacks
150
180
250
-16.4%
Dividends paid
105
101
99.0
+3.6%
Dividend per share
$0.96
$0.92
$0.88
+4.3%
Diluted shares, weighted
110m
111m
113m
-0.6%
Shares outstanding at period end
109m
110m
111m
-0.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
2,101
1,839
1,414
+14.2%
Debt
1,149
1,086
986
+5.8%
Other liabilities
1,841
1,540
1,550
+19.5%
Total liabilities and equity
5,092
4,465
3,951
+14.0%
Fixed assets
3,445
2,983
2,819
+15.5%
Goodwill
40.1
39.8
n/a
+0.8%
Intangible assets
65.1
73.7
2.4
-11.7%
Cash and equivalents
7.6
14.6
6.4
-48.0%
Receivables
1,052
921
745
+14.2%
Inventory
22.0
20.7
18.6
+6.2%
Other assets
460
412
359
+11.5%
Total assets
5,092
4,465
3,951
+14.0%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.