Marvell Technology (MRVL) FY2018 results: revenue $2.4 billion, up 4.7% on the year
Marvell Technology, Inc. (MRVL) reported revenue of $2.4 billion for fiscal 2018, the year ended 3 February 2018, up 4.7% on the year before. Net income was $521 million, up 2362.4%, and diluted earnings per share $1.02. The figures are the company's own, from the 10-K it filed with the SEC on 29 March 2018.
Revenue
$2.4 billion
+4.7% on the year
FY2011FY2018
Operating margin
17.8%
5.7% a year earlier
FY2011FY2018
Net income
$521 million
+2,362.4% on the year
FY2011FY2018
Diluted EPS
$1.02
+2,450.0% 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
2,409
2,301
2,602
+4.7%
Cost of revenue
947
1,018
1,406
-6.9%
Gross profit
1,462
1,283
1,196
+13.9%
Gross margin
60.7%
55.8%
46.0%
Research and development
714
805
955
-11.3%
Operating income
430
130
-745
+229.5%
Operating margin
17.8%
5.7%
-28.6%
Interest expense
0.7
0.4
0.7
+86.1%
Pre-tax income
451
147
-728
+206.0%
Income tax
18.1
72.6
10.7
-75.1%
Effective tax rate
4.0%
49.2%
n/a
Net income
521
21.2
-811
+2,362.4%
Net margin
21.6%
0.9%
-31.2%
Diluted EPS
$1.02
$0.04
-$1.59
+2,450.0%
$ 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
571
-358
n/a
Capital expenditure
38.6
44.5
37.3
-13.4%
Free cash flow
533
-403
n/a
Free cash flow margin
22.1%
-17.5%
n/a
Cash from investing
39.5
162
n/a
-75.5%
Cash from financing
-536
-267
n/a
Depreciation and amortisation
83.5
108
100
-22.6%
Share-based compensation
86.7
114
134
-23.9%
Buybacks
528
182
261
+190.6%
Dividends paid
119
122
123
-2.5%
Dividend per share
$0.24
$0.24
$0.24
0.0%
Diluted shares, weighted
510m
518m
511m
-1.5%
Shares outstanding at period end
496m
506m
508m
-2.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
4,141
4,028
4,140
+2.8%
Debt
0.0
n/a
n/a
Other liabilities
567
621
1,302
-8.7%
Total liabilities and equity
4,708
4,649
5,442
+1.3%
Fixed assets
202
243
297
-16.9%
Goodwill
1,993
1,997
2,003
-0.2%
Intangible assets
0.0
3.6
11.9
Investments
953
859
1,016
+10.9%
Cash and equivalents
888
814
1,278
+9.1%
Receivables
280
335
323
-16.4%
Inventory
170
171
201
-0.5%
Other assets
221
226
312
-2.0%
Total assets
4,708
4,649
5,442
+1.3%
10-K for the year ended 3 February 2018, filed 29 March 2018: the filing.