Omnicom Group (OMC) FY2018 results: revenue $15.3 billion, up 0.1% on the year
Omnicom Group Inc. (OMC) reported revenue of $15.3 billion for fiscal 2018, the year ended 31 December 2018, up 0.1% on the year before. Net income was $1.3 billion, up 21.9%, and diluted earnings per share $5.83. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2019.
Revenue
$15.3 billion
+0.1% on the year
FY2011FY2018
Operating margin
14.0%
13.6% a year earlier
FY2011FY2018
Net income
$1.3 billion
+21.9% on the year
FY2011FY2018
Diluted EPS
$5.83
+25.4% 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
15,290
15,274
15,417
+0.1%
Cost of revenue
12,437
12,468
12,650
-0.2%
Gross profit
2,853
2,806
2,767
+1.7%
Gross margin
18.7%
18.4%
17.9%
Selling, general and administrative
455
440
444
+3.6%
Operating income
2,134
2,084
2,030
+2.4%
Operating margin
14.0%
13.6%
13.2%
Interest expense
266
249
231
+7.2%
Pre-tax income
1,924
1,885
1,842
+2.1%
Income tax
493
696
600
-29.2%
Effective tax rate
25.6%
36.9%
32.6%
Net income
1,326
1,088
1,149
+21.9%
Net margin
8.7%
7.1%
7.5%
Diluted EPS
$5.83
$4.65
$4.78
+25.4%
$ 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
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
1,722
2,024
1,952
-14.9%
Capital expenditure
196
156
166
+25.4%
Free cash flow
1,527
1,868
1,787
-18.3%
Free cash flow margin
10.0%
12.2%
11.6%
Cash from investing
-222
-115
-482
Cash from financing
-1,441
-1,343
-998
Depreciation and amortisation
264
282
293
-6.4%
Share-based compensation
70.5
80.2
93.4
-12.1%
Buybacks
581
568
602
+2.3%
Dividends paid
548
515
505
+6.5%
Dividend per share
$2.40
$2.25
$2.15
+6.7%
Diluted shares, weighted
228m
234m
239m
-2.7%
Shares outstanding at period end
224m
230m
235m
-2.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
2,547
2,615
2,162
-2.6%
Non-controlling interest
560
537
498
+4.2%
Short-term borrowings
8.1
n/a
n/a
Debt
4,900
4,925
4,949
-0.5%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
16,602
16,854
15,556
-1.5%
Total liabilities and equity
24,617
24,931
23,165
-1.3%
Fixed assets
694
691
675
+0.5%
Goodwill
9,384
9,338
8,976
+0.5%
Intangible assets
383
368
427
+3.9%
Investments
5.5
0.4
20.6
+1,275.0%
Cash and equivalents
3,652
3,796
3,002
-3.8%
Receivables
7,666
8,084
7,511
-5.2%
Other assets
2,832
2,654
2,554
+6.7%
Total assets
24,617
24,931
23,165
-1.3%
10-K for the year ended 31 December 2018, filed 12 February 2019: the filing.