Insulet (PODD) FY2018 results: revenue $564 million, up 21.6% on the year
Insulet Corp. (PODD) reported revenue of $564 million for fiscal 2018, the year ended 31 December 2018, up 21.6% on the year before. Net income was $3 million, and diluted earnings per share $0.05. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2019.
Revenue
$564 million
+21.6% on the year
FY2011FY2018
Operating margin
4.9%
-1.6% a year earlier
FY2011FY2018
Net income
$3 million
FY2011FY2018
Diluted EPS
$0.05
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
564
464
367
+21.6%
Cost of revenue
194
187
156
+3.8%
Gross profit
370
277
211
+33.6%
Gross margin
65.7%
59.8%
57.5%
Research and development
94.8
75.7
55.7
+25.2%
Selling, general and administrative
248
n/a
n/a
Operating income
27.4
-7.4
-10.7
Operating margin
4.9%
-1.6%
-2.9%
Interest expense
28.9
21.2
14.4
+36.3%
Pre-tax income
5.2
-26.6
-26.8
Income tax
1.9
0.2
0.4
+850.0%
Effective tax rate
36.5%
n/a
n/a
Net income
3.3
-26.8
-28.9
Net margin
0.6%
-5.8%
-7.9%
Diluted EPS
$0.05
-$0.46
-$0.48
$ 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
35.9
41.3
15.9
-13.1%
Capital expenditure
157
73.8
22.1
+113.3%
Free cash flow
-122
-32.5
-6.2
Free cash flow margin
-21.5%
-7.0%
-1.7%
Cash from investing
-185
-211
-178
Cash from financing
-8.7
305
177
Depreciation and amortisation
15.6
13.9
13.8
+12.2%
Share-based compensation
37.5
31.9
23.6
+17.5%
Diluted shares, weighted
61m
58m
57m
+5.2%
Shares outstanding at period end
59m
58m
57m
+1.5%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
212
159
63.1
+33.8%
Debt
592
566
333
+4.6%
Other liabilities
125
92.1
60.7
+35.4%
Total liabilities and equity
929
817
457
+13.7%
Fixed assets
258
108
44.8
+139.5%
Goodwill
39.6
39.8
39.7
-0.5%
Intangible assets
10.4
4.4
2.0
+138.6%
Investments
316
293
161
+7.8%
Cash and equivalents
114
273
137
-58.2%
Receivables
63.3
53.4
28.8
+18.6%
Inventory
71.4
33.8
35.5
+111.3%
Other assets
55.9
11.9
7.3
+369.0%
Total assets
929
817
457
+13.7%
10-K for the year ended 31 December 2018, filed 26 February 2019: the filing.