Nucor (NUE) FY2018 results: revenue $25.1 billion, up 23.8% on the year
Nucor Corp. (NUE) reported revenue of $25.1 billion for fiscal 2018, the year ended 31 December 2018, up 23.8% on the year before. Net income was $2.4 billion, up 79.0%, and diluted earnings per share $7.42. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$25.1 billion
+23.8% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$2.4 billion
+79.0% on the year
FY2011FY2018
Diluted EPS
$7.42
+81.0% 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
25,067
20,252
16,208
+23.8%
Cost of revenue
20,772
17,683
14,182
+17.5%
Gross profit
4,295
2,569
2,026
+67.2%
Gross margin
17.1%
12.7%
12.5%
Selling, general and administrative
861
688
597
+25.2%
Interest expense
161
187
181
-13.9%
Pre-tax income
3,229
1,750
1,299
+84.5%
Income tax
748
369
398
+102.6%
Effective tax rate
23.2%
21.1%
30.7%
Net income
2,361
1,319
796
+79.0%
Net margin
9.4%
6.5%
4.9%
Diluted EPS
$7.42
$4.10
$2.48
+81.0%
$ 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
2,394
1,055
1,750
+126.8%
Capital expenditure
983
449
605
+119.0%
Free cash flow
1,411
607
1,145
+132.6%
Free cash flow margin
5.6%
3.0%
7.1%
Cash from investing
-1,030
-919
-1,025
Cash from financing
-908
-1,242
-626
Depreciation and amortisation
720
727
687
-1.0%
Share-based compensation
73.4
64.2
56.5
+14.4%
Buybacks
854
90.3
5.2
+845.7%
Dividends paid
485
485
481
+0.0%
Dividend per share
$1.54
$1.51
$1.50
+1.8%
Diluted shares, weighted
317m
321m
320m
-1.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
9,792
8,739
7,880
+12.0%
Non-controlling interest
410
346
375
+18.6%
Short-term borrowings
n/a
n/a
18.0
Debt
4,291
3,795
4,361
+13.1%
Other liabilities
3,427
2,961
2,590
+15.7%
Total liabilities and equity
17,921
15,841
15,224
+13.1%
Fixed assets
5,335
5,093
5,079
+4.7%
Goodwill
2,184
2,196
2,053
-0.5%
Intangible assets
829
915
867
-9.4%
Investments
0.0
50.0
150
Cash and equivalents
1,399
949
2,046
+47.4%
Receivables
2,506
2,029
1,632
+23.5%
Inventory
4,554
3,462
2,480
+31.5%
Other assets
1,115
1,148
918
-2.9%
Total assets
17,921
15,841
15,224
+13.1%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.