Jabil (JBL) FY2019 results: revenue $25.3 billion, up 14.4% on the year
Jabil Inc. (JBL) reported revenue of $25.3 billion for fiscal 2019, the year ended 31 August 2019, up 14.4% on the year before. Net income was $287 million, up 232.6%, and diluted earnings per share $1.81. The figures are the company's own, from the 10-K it filed with the SEC on 22 October 2019.
Revenue
$25.3 billion
+14.4% on the year
FY2012FY2019
Operating margin
2.8%
2.5% a year earlier
FY2012FY2019
Net income
$287 million
+232.6% on the year
FY2012FY2019
Diluted EPS
$1.81
+269.4% 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
25,282
22,095
19,063
+14.4%
Cost of revenue
23,369
20,389
17,517
+14.6%
Gross profit
1,913
1,707
1,546
+12.1%
Gross margin
7.6%
7.7%
8.1%
Research and development
43.0
38.5
29.7
+11.6%
Selling, general and administrative
1,111
1,051
908
+5.8%
Operating income
701
542
410
+29.4%
Operating margin
2.8%
2.5%
2.2%
Interest expense
188
149
138
+26.2%
Pre-tax income
451
373
256
+20.7%
Income tax
162
286
129
-43.3%
Effective tax rate
35.9%
76.6%
50.4%
Net income
287
86.3
129
+232.6%
Net margin
1.1%
0.4%
0.7%
Diluted EPS
$1.81
$0.49
$0.69
+269.4%
$ 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
1,193
-1,105
-1,464
Capital expenditure
1,005
1,037
716
-3.0%
Free cash flow
188
-2,142
-2,181
Free cash flow margin
0.7%
-9.7%
-11.4%
Cash from investing
-872
1,241
2,141
Cash from financing
-416
-47.0
-405
Depreciation and amortisation
772
774
760
-0.2%
Share-based compensation
61.0
98.5
48.5
-38.1%
Buybacks
350
450
307
-22.2%
Dividends paid
52.0
57.8
60.0
-10.1%
Dividend per share
n/a
$0.32
$0.32
Diluted shares, weighted
159m
175m
186m
-9.4%
Shares outstanding at period end
154m
165m
178m
-6.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,887
1,950
2,354
-3.2%
Non-controlling interest
13.3
13.1
14.8
+1.5%
Debt
2,496
2,519
2,050
-0.9%
Other liabilities
8,573
7,564
6,677
+13.3%
Total liabilities and equity
12,970
12,046
11,096
+7.7%
Fixed assets
3,334
3,198
3,229
+4.2%
Goodwill
622
628
608
-0.9%
Intangible assets
257
279
285
-8.0%
Cash and equivalents
1,163
1,258
1,190
-7.5%
Inventory
3,023
3,458
2,942
-12.6%
Other assets
4,571
3,225
2,843
+41.7%
Total assets
12,970
12,046
11,096
+7.7%
10-K for the year ended 31 August 2019, filed 22 October 2019: the filing.