Netscout Systems (NTCT) FY2019 results: revenue $910 million, down 7.8% on the year
Netscout Systems Inc. (NTCT) reported revenue of $910 million for fiscal 2019, the year ended 31 March 2019, down 7.8% on the year before. Net income was -$73 million, and diluted earnings per share $-0.93. The figures are the company's own, from the 10-K it filed with the SEC on 28 May 2019.
Revenue
$910 million
-7.8% on the year
FY2012FY2019
Operating margin
-7.9%
-0.4% a year earlier
FY2012FY2019
Net income
-$73 million
FY2012FY2019
Diluted EPS
-$0.93
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
910
987
1,162
-7.8%
Cost of revenue
254
272
346
-6.5%
Gross profit
656
715
816
-8.3%
Gross margin
72.1%
72.4%
70.2%
Research and development
204
215
233
-5.3%
Operating income
-71.6
-4.1
62.1
Operating margin
-7.9%
-0.4%
5.3%
Interest expense
26.1
12.6
9.2
+106.9%
Pre-tax income
-92.9
-18.7
52.2
Income tax
-19.6
-98.5
18.9
Effective tax rate
n/a
n/a
36.2%
Net income
-73.3
79.8
33.3
Net margin
-8.1%
8.1%
2.9%
Diluted EPS
-$0.93
$0.90
$0.36
$ 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
150
222
227
-32.6%
Capital expenditure
23.4
15.9
29.7
+47.0%
Free cash flow
126
207
197
-38.8%
Free cash flow margin
13.9%
20.9%
17.0%
Cash from investing
-26.3
57.1
-41.6
Cash from financing
-79.3
-221
-89.6
Depreciation and amortisation
138
154
161
-10.2%
Share-based compensation
56.3
47.3
39.2
+19.0%
Buybacks
14.5
501
80.0
-97.1%
Diluted shares, weighted
79m
88m
93m
-10.9%
Shares outstanding at period end
78m
80m
92m
-3.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
2,065
2,069
2,436
-0.2%
Debt
550
600
300
-8.3%
Other liabilities
655
700
865
-6.5%
Total liabilities and equity
3,270
3,369
3,602
-2.9%
Fixed assets
59.0
52.5
61.4
+12.3%
Goodwill
1,715
1,713
1,718
+0.2%
Intangible assets
669
831
931
-19.5%
Investments
77.4
77.9
160
-0.8%
Cash and equivalents
410
370
305
+10.8%
Receivables
235
213
294
+10.3%
Inventory
26.3
34.8
40.0
-24.5%
Other assets
77.9
76.0
91.6
+2.5%
Total assets
3,270
3,369
3,602
-2.9%
10-K for the year ended 31 March 2019, filed 28 May 2019: the filing.