Paccar (PCAR) FY2018 results: revenue $23.5 billion, up 20.8% on the year
Paccar Inc. (PCAR) reported revenue of $23.5 billion for fiscal 2018, the year ended 31 December 2018, up 20.8% on the year before. Net income was $2.2 billion, up 31.0%, and diluted earnings per share $4.16. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2019.
Revenue
$23.5 billion
+20.8% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$2.2 billion
+31.0% on the year
FY2011FY2018
Diluted EPS
$4.16
+31.4% 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
23,496
19,456
17,033
+20.8%
Pre-tax income
2,810
2,173
1,130
+29.3%
Income tax
615
498
609
+23.5%
Effective tax rate
21.9%
22.9%
53.8%
Net income
2,195
1,675
522
+31.0%
Net margin
9.3%
8.6%
3.1%
Diluted EPS
$4.16
$3.17
$0.99
+31.4%
$ 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
2,992
2,716
2,301
+10.2%
Capital expenditure
458
423
375
+8.1%
Free cash flow
2,535
2,292
1,926
+10.6%
Free cash flow margin
10.8%
11.8%
11.3%
Cash from investing
-1,931
-1,965
-1,564
Cash from financing
71.1
-394
-824
Depreciation and amortisation
338
321
302
+5.0%
Share-based compensation
13.2
12.7
13.1
+3.9%
Buybacks
354
n/a
70.5
Dividends paid
804
558
829
+44.1%
Diluted shares, weighted
528m
529m
528m
-0.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
8,593
8,050
6,778
+6.7%
Debt
189
n/a
8,475
Other liabilities
16,701
15,390
5,386
+8.5%
Total liabilities and equity
25,482
23,440
20,639
+8.7%
Fixed assets
2,481
2,464
2,260
+0.7%
Goodwill
112
117
103
-4.6%
Cash and equivalents
3,436
2,365
1,916
+45.3%
Other assets
19,454
18,494
16,360
+5.2%
Total assets
25,482
23,440
20,639
+8.7%
10-K for the year ended 31 December 2018, filed 21 February 2019: the filing.