New York Times (NYT) FY2018 results: revenue $1.7 billion, up 4.4% on the year
New York Times Co. (NYT) reported revenue of $1.7 billion for fiscal 2018, the year ended 30 December 2018, up 4.4% on the year before. Net income was $126 million, up 2825.6%, and diluted earnings per share $0.75. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$1.7 billion
+4.4% on the year
FY2011FY2018
Operating margin
10.9%
10.5% a year earlier
FY2011FY2018
Net income
$126 million
+2,825.6% on the year
FY2011FY2018
Diluted EPS
$0.75
+2,400.0% 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
1,749
1,676
1,555
+4.4%
Cost of revenue
0.0
616
628
Gross profit
1,749
1,059
927
+65.1%
Gross margin
100.0%
63.2%
59.6%
Research and development
84.1
n/a
n/a
Selling, general and administrative
0.0
815
728
Operating income
190
177
113
+7.7%
Operating margin
10.9%
10.5%
7.2%
Pre-tax income
176
111
30.5
+58.3%
Income tax
48.6
104
4.4
-53.2%
Effective tax rate
27.6%
93.5%
14.5%
Net income
126
4.3
29.1
+2,825.6%
Net margin
7.2%
0.3%
1.9%
Diluted EPS
$0.75
$0.03
$0.18
+2,400.0%
$ 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
157
86.7
104
+81.2%
Capital expenditure
77.5
84.8
30.1
-8.6%
Free cash flow
79.6
2.0
73.8
+3,964.8%
Free cash flow margin
4.6%
0.1%
4.7%
Cash from investing
-101
14.1
124
Cash from financing
3.8
-26.0
-237
Depreciation and amortisation
59.0
61.9
61.7
-4.6%
Share-based compensation
13.0
14.8
12.4
-12.5%
Buybacks
0.0
0.0
15.7
Dividends paid
26.4
26.0
25.9
+1.6%
Dividend per share
$0.16
$0.16
$0.16
0.0%
Diluted shares, weighted
167m
164m
163m
+1.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,041
897
848
+16.0%
Non-controlling interest
1.9
0.1
-3.6
+2,114.3%
Debt
247
243
240
+1.4%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
908
959
1,101
-5.4%
Total liabilities and equity
2,197
2,100
2,185
+4.6%
Fixed assets
639
641
597
-0.3%
Goodwill
140
144
135
-2.3%
Investments
585
550
637
+6.3%
Cash and equivalents
242
183
101
+32.0%
Receivables
222
185
197
+20.3%
Other assets
369
397
519
-7.1%
Total assets
2,197
2,100
2,185
+4.6%
10-K for the year ended 30 December 2018, filed 25 February 2021: the filing.