Onto Innovation (ONTO) FY2017 results: revenue $325 million, up 25.5% on the year
Onto Innovation Inc. (ONTO) reported revenue of $325 million for fiscal 2017, the year ended 29 December 2018, up 25.5% on the year before. Net income was $58 million, up 90.9%, and diluted earnings per share $2.34. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$325 million
+25.5% on the year
FY2010FY2017
Operating margin
20.5%
16.6% a year earlier
FY2010FY2017
Net income
$58 million
+90.9% on the year
FY2010FY2017
Diluted EPS
$2.34
+100.0% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
325
259
221
+25.5%
Cost of revenue
140
122
107
+15.2%
Gross profit
184
137
114
+34.7%
Gross margin
56.7%
52.9%
51.6%
Research and development
48.2
36.7
31.4
+31.2%
Operating income
66.5
42.8
29.1
+55.3%
Operating margin
20.5%
16.6%
13.2%
Interest expense
0.3
0.1
0.3
+259.8%
Pre-tax income
67.5
43.3
29.1
+56.0%
Income tax
9.9
13.1
-14.9
-24.6%
Effective tax rate
14.6%
30.2%
-51.1%
Net income
57.6
30.2
44.0
+90.9%
Net margin
17.8%
11.7%
19.9%
Diluted EPS
$2.34
$1.17
$1.75
+100.0%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
103
20.6
45.7
+401.6%
Capital expenditure
7.5
5.2
4.0
+43.9%
Free cash flow
95.8
15.4
41.7
+522.4%
Free cash flow margin
29.5%
6.0%
18.9%
Cash from investing
-4.3
-6.7
-42.1
Cash from financing
-22.8
-25.6
5.3
Depreciation and amortisation
6.8
6.9
8.3
-1.1%
Share-based compensation
11.4
8.8
7.7
+29.1%
Buybacks
23.0
27.0
n/a
-14.9%
Diluted shares, weighted
25m
26m
25m
-5.1%
Shares outstanding at period end
24m
25m
n/a
-1.0%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
313
262
n/a
+19.2%
Debt
0.0
0.0
n/a
Other liabilities
62.8
47.3
n/a
+32.7%
Total liabilities and equity
376
310
n/a
+21.3%
Fixed assets
47.9
44.8
n/a
+6.9%
Goodwill
26.4
10.2
n/a
+157.7%
Intangible assets
27.3
2.2
n/a
+1,138.7%
Investments
40.8
82.1
82.9
-50.3%
Cash and equivalents
111
34.9
n/a
+217.9%
Receivables
50.9
62.5
n/a
-18.6%
Inventory
61.9
52.9
n/a
+17.1%
Other assets
9.5
20.1
26.0
-52.9%
Total assets
376
310
n/a
+21.3%
10-K for the year ended 29 December 2018, filed 25 February 2019: the filing.