Option Care Health (OPCH) FY2018 results: revenue $1.9 billion, up 6.1% on the year
Option Care Health, Inc. (OPCH) reported revenue of $1.9 billion for fiscal 2018, the year ended 31 December 2018, up 6.1% on the year before. Net income was -$6 million, and diluted earnings per share $-0.49. The figures are the company's own, from the 10-K it filed with the SEC on 15 March 2019.
Revenue
$1.9 billion
+6.1% on the year
FY2007FY2018
Operating margin
2.0%
1.5% a year earlier
FY2007FY2018
Net income
-$6 million
FY2007FY2018
Diluted EPS
-$0.49
FY2007FY2018
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
1,940
1,828
936
+6.1%
Cost of revenue
466
548
674
-15.0%
Gross profit
422
446
262
-5.3%
Gross margin
21.8%
24.4%
28.0%
Selling, general and administrative
346
338
n/a
+2.2%
Operating income
38.3
27.3
-11.0
+40.3%
Operating margin
2.0%
1.5%
-1.2%
Interest expense
45.8
n/a
n/a
Pre-tax income
-51.0
-67.4
-34.2
Income tax
-2.7
-18.6
2.0
Net income
-6.1
3.9
-42.8
Net margin
-0.3%
0.2%
-4.6%
Diluted EPS
-$0.49
-$0.60
-$0.54
$ 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
24.4
37.9
-42.5
-35.5%
Capital expenditure
26.3
25.0
9.9
+5.3%
Free cash flow
-1.8
12.9
-52.4
Free cash flow margin
-0.1%
0.7%
-5.6%
Cash from investing
-37.0
-24.5
-73.2
Cash from financing
-4.2
-5.2
110
Depreciation and amortisation
38.1
34.7
22.0
+9.8%
Share-based compensation
2.1
1.5
1.8
+47.0%
Shares outstanding at period end
128m
n/a
118m
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
603
n/a
601
Debt
539
n/a
468
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
286
n/a
n/a
Total liabilities and equity
1,428
n/a
605
Fixed assets
93.1
n/a
32.7
Goodwill
632
n/a
366
Intangible assets
10.5
n/a
31.0
Cash and equivalents
36.4
n/a
9.6
Receivables
310
n/a
109
Inventory
83.3
n/a
36.2
Other assets
262
n/a
20.5
Total assets
1,428
n/a
605
10-K for the year ended 31 December 2018, filed 15 March 2019: the filing.