PJT Partners (PJT) FY2018 results: revenue $580 million, up 16.2% on the year
PJT Partners Inc. (PJT) reported revenue of $580 million for fiscal 2018, the year ended 31 December 2018, up 16.2% on the year before. Net income was $27 million, and diluted earnings per share $1.16. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$580 million
+16.2% on the year
FY2013FY2018
Operating margin
7.2%
2.0% a year earlier
FY2013FY2018
Net income
$27 million
FY2013FY2018
Diluted EPS
$1.16
FY2013FY2018
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
580
499
499
+16.2%
Operating income
41.5
10.1
14.5
+312.9%
Operating margin
7.2%
2.0%
2.9%
Pre-tax income
41.5
10.1
14.5
+312.9%
Income tax
-1.0
38.4
9.4
Effective tax rate
-2.5%
381.7%
64.8%
Net income
27.2
-32.6
-3.0
Net margin
4.7%
-6.5%
-0.6%
Diluted EPS
$1.16
-$1.73
n/a
$ 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
123
111
117
+10.5%
Capital expenditure
7.2
1.1
13.1
+578.5%
Free cash flow
116
110
104
+5.1%
Free cash flow margin
19.9%
22.1%
20.8%
Cash from investing
-31.5
-38.2
-12.6
Cash from financing
-131
-79.6
-32.5
Depreciation and amortisation
10.0
8.1
14.0
+22.5%
Share-based compensation
118
116
89.0
+1.8%
Buybacks
64.9
2.3
n/a
+2,718.0%
Dividends paid
4.3
3.8
3.7
+13.8%
Diluted shares, weighted
n/a
19m
n/a
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
-26.5
-157
-8.6
Non-controlling interest
514
580
n/a
-11.3%
Redeemable equity
n/a
n/a
422
Debt
30.0
0.0
0.0
Other liabilities
154
137
177
+12.9%
Total liabilities and equity
672
559
590
+20.2%
Fixed assets
34.8
33.8
38.2
+3.0%
Goodwill
176
72.3
72.3
+143.5%
Intangible assets
49.2
12.3
14.7
+299.8%
Cash and equivalents
106
146
152
-27.1%
Other assets
306
295
313
+3.6%
Total assets
672
559
590
+20.2%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.