Onto Innovation (ONTO) FY2018 results: revenue $306 million, down 5.7% on the year
Onto Innovation Inc. (ONTO) reported revenue of $306 million for fiscal 2018, the year ended 31 December 2019, down 5.7% on the year before. Net income was $2 million, down 96.7%, and diluted earnings per share $0.06. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2020.
Revenue
$306 million
-5.7% on the year
FY2011FY2018
Operating margin
-1.6%
20.5% a year earlier
FY2011FY2018
Net income
$2 million
-96.7% on the year
FY2011FY2018
Diluted EPS
$0.06
-97.4% 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
306
325
259
-5.7%
Cost of revenue
171
140
122
+21.7%
Gross profit
135
184
137
-26.7%
Gross margin
44.1%
56.7%
52.9%
Research and development
48.4
48.2
36.7
+0.4%
Operating income
-5.0
66.5
42.8
Operating margin
-1.6%
20.5%
16.6%
Interest expense
n/a
0.3
0.1
Pre-tax income
-0.6
67.5
43.3
Income tax
-2.5
9.9
13.1
Effective tax rate
n/a
14.6%
30.2%
Net income
1.9
57.6
30.2
-96.7%
Net margin
0.6%
17.8%
11.7%
Diluted EPS
$0.06
$2.34
$1.17
-97.4%
$ 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
18.1
103
20.6
-82.4%
Capital expenditure
6.8
7.5
5.2
-9.1%
Free cash flow
11.3
95.8
15.4
-88.2%
Free cash flow margin
3.7%
29.5%
6.0%
Cash from investing
4.1
-4.3
-6.7
Cash from financing
-4.2
-22.8
-25.6
Depreciation and amortisation
16.4
6.8
6.9
+139.7%
Share-based compensation
10.6
11.4
8.8
-7.0%
Buybacks
0.7
23.0
27.0
-96.8%
Diluted shares, weighted
30m
25m
26m
+22.0%
Shares outstanding at period end
50m
24m
25m
+105.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,264
313
262
+304.0%
Debt
0.0
0.0
0.0
Operating lease liabilities
20.0
n/a
n/a
Other liabilities
165
62.8
47.3
+162.2%
Total liabilities and equity
1,449
376
310
+285.6%
Fixed assets
98.4
47.9
44.8
+105.5%
Goodwill
316
26.4
10.2
+1,097.5%
Intangible assets
372
27.3
2.2
+1,261.2%
Investments
190
40.8
82.1
+364.1%
Cash and equivalents
131
111
34.9
+17.8%
Receivables
124
50.9
62.5
+143.2%
Inventory
176
61.9
52.9
+184.5%
Other assets
42.4
9.5
20.1
+347.4%
Total assets
1,449
376
310
+285.6%
10-K for the year ended 31 December 2019, filed 25 February 2020: the filing.