Eplus (PLUS) FY2018 results: revenue $1.4 billion, up 6.7% on the year
Eplus Inc. (PLUS) reported revenue of $1.4 billion for fiscal 2018, the year ended 31 March 2018, up 6.7% on the year before. Net income was $55 million, up 9.0%, and diluted earnings per share $1.98. The figures are the company's own, from the 10-K it filed with the SEC on 25 May 2018.
Revenue
$1.4 billion
+6.7% on the year
FY2011FY2018
Operating margin
5.9%
6.4% a year earlier
FY2011FY2018
Net income
$55 million
+9.0% on the year
FY2011FY2018
Diluted EPS
$1.98
+9.7% 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
1,419
1,329
1,204
+6.7%
Cost of revenue
1,095
1,032
942
+6.1%
Gross profit
323
300
262
+7.9%
Gross margin
22.8%
22.5%
21.8%
Selling, general and administrative
228
205
179
+11.2%
Operating income
84.2
85.7
75.8
-1.7%
Operating margin
5.9%
6.4%
6.3%
Interest expense
1.2
1.5
n/a
-22.6%
Pre-tax income
83.9
86.1
75.8
-2.6%
Income tax
28.8
35.6
31.0
-19.1%
Effective tax rate
34.3%
41.3%
40.9%
Net income
55.1
50.6
44.7
+9.0%
Net margin
3.9%
3.8%
3.7%
Diluted EPS
$1.98
$1.80
$1.52
+9.7%
$ 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
82.8
33.0
14.1
+150.7%
Cash from investing
-57.7
-26.3
-50.2
Cash from financing
-16.8
7.8
54.4
Depreciation and amortisation
15.8
11.7
16.0
+34.9%
Share-based compensation
6.5
6.0
5.7
+7.3%
Buybacks
35.2
30.5
11.3
+15.6%
Dividends paid
0.0
0.0
0.1
Diluted shares, weighted
28m
28m
29m
-0.4%
Shares outstanding at period end
28m
28m
29m
-2.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
373
346
319
+7.7%
Debt
52.3
37.4
47.4
+39.7%
Other liabilities
331
358
250
-7.8%
Total liabilities and equity
755
742
617
+1.9%
Fixed assets
7.5
6.7
6.3
+12.3%
Goodwill
76.6
48.4
42.2
+58.3%
Intangible assets
26.3
12.2
12.0
+116.3%
Cash and equivalents
118
110
94.8
+7.7%
Receivables
268
n/a
n/a
Inventory
39.9
93.6
33.3
-57.4%
Other assets
219
471
428
-53.6%
Total assets
755
742
617
+1.9%
10-K for the year ended 31 March 2018, filed 25 May 2018: the filing.