Ralph Lauren (RL) FY2018 results: revenue $6.2 billion, down 7.1% on the year
Ralph Lauren Corp. (RL) reported revenue of $6.2 billion for fiscal 2018, the year ended 31 March 2018, down 7.1% on the year before. Net income was $163 million, and diluted earnings per share $1.97. The figures are the company's own, from the 10-K it filed with the SEC on 16 May 2019.
Revenue
$6.2 billion
-7.1% on the year
FY2011FY2018
Operating margin
8.1%
-1.4% a year earlier
FY2011FY2018
Net income
$163 million
FY2011FY2018
Diluted EPS
$1.97
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
6,182
6,653
7,405
-7.1%
Cost of revenue
2,431
3,002
3,218
-19.0%
Gross profit
3,752
3,651
4,187
+2.8%
Gross margin
60.7%
54.9%
56.5%
Selling, general and administrative
3,096
3,171
3,412
-2.4%
Operating income
498
-92.3
582
Operating margin
8.1%
-1.4%
7.9%
Interest expense
18.2
12.4
21.0
+46.8%
Pre-tax income
489
-105
552
Income tax
326
-5.6
155
Effective tax rate
66.7%
n/a
28.2%
Net income
163
-99.3
396
Net margin
2.6%
-1.5%
5.3%
Diluted EPS
$1.97
-$1.20
$4.62
$ 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
975
952
1,017
+2.4%
Capital expenditure
162
284
418
-43.1%
Free cash flow
814
668
599
+21.7%
Free cash flow margin
13.2%
10.0%
8.1%
Cash from investing
-189
-208
-576
Cash from financing
-198
-518
-483
Depreciation and amortisation
295
308
310
-4.0%
Share-based compensation
74.5
63.6
97.0
+17.1%
Buybacks
17.1
215
500
-92.1%
Dividends paid
162
165
170
-1.5%
Dividend per share
$2.00
$2.00
$2.00
0.0%
Diluted shares, weighted
82m
83m
86m
-0.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
3,457
3,300
3,744
+4.8%
Debt
596
588
713
+1.4%
Other liabilities
2,090
1,764
1,756
+18.5%
Total liabilities and equity
6,143
5,652
6,213
+8.7%
Fixed assets
1,186
1,316
1,583
-9.9%
Goodwill
950
905
918
+5.1%
Intangible assets
188
220
244
-14.5%
Investments
786
706
629
+11.3%
Cash and equivalents
1,305
668
456
+95.2%
Receivables
421
450
517
-6.4%
Inventory
761
792
1,125
-3.8%
Other assets
546
596
741
-8.4%
Total assets
6,143
5,652
6,213
+8.7%
10-K for the year ended 31 March 2018, filed 16 May 2019: the filing.