Ralph Lauren (RL) FY2019 results: revenue $6.3 billion, up 2.1% on the year
Ralph Lauren Corp. (RL) reported revenue of $6.3 billion for fiscal 2019, the year ended 30 March 2019, up 2.1% on the year before. Net income was $431 million, up 164.7%, and diluted earnings per share $5.27. The figures are the company's own, from the 10-K it filed with the SEC on 16 May 2019.
Revenue
$6.3 billion
+2.1% on the year
FY2012FY2019
Operating margin
8.9%
8.1% a year earlier
FY2012FY2019
Net income
$431 million
+164.7% on the year
FY2012FY2019
Diluted EPS
$5.27
+167.5% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
6,313
6,182
6,653
+2.1%
Cost of revenue
2,427
2,431
3,002
-0.1%
Gross profit
3,886
3,752
3,651
+3.6%
Gross margin
61.6%
60.7%
54.9%
Selling, general and administrative
3,168
3,096
3,171
+2.4%
Operating income
562
498
-92.3
+12.8%
Operating margin
8.9%
8.1%
-1.4%
Interest expense
20.7
18.2
12.4
+13.7%
Pre-tax income
582
489
-105
+19.1%
Income tax
152
326
-5.6
-53.6%
Effective tax rate
26.0%
66.7%
n/a
Net income
431
163
-99.3
+164.7%
Net margin
6.8%
2.6%
-1.5%
Diluted EPS
$5.27
$1.97
-$1.20
+167.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
784
975
952
-19.6%
Capital expenditure
198
162
284
+22.3%
Free cash flow
586
814
668
-28.0%
Free cash flow margin
9.3%
13.2%
10.0%
Cash from investing
-879
-189
-208
Cash from financing
-606
-198
-518
Depreciation and amortisation
281
295
308
-4.7%
Share-based compensation
88.6
74.5
63.6
+18.9%
Buybacks
503
17.1
215
+2,839.2%
Dividends paid
191
162
165
+17.4%
Dividend per share
$2.50
$2.00
$2.00
+25.0%
Diluted shares, weighted
82m
82m
83m
-1.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
3,287
3,457
3,300
-4.9%
Debt
689
596
588
+15.6%
Operating lease liabilities
0.0
n/a
n/a
Finance lease liabilities
213
n/a
n/a
Other liabilities
1,754
2,090
1,764
-16.1%
Total liabilities and equity
5,943
6,143
5,652
-3.3%
Fixed assets
1,039
1,186
1,316
-12.4%
Goodwill
920
950
905
-3.3%
Intangible assets
164
188
220
-12.9%
Investments
1,448
786
706
+84.4%
Cash and equivalents
584
1,305
668
-55.2%
Receivables
398
421
450
-5.5%
Inventory
818
761
792
+7.4%
Other assets
572
546
596
+4.8%
Total assets
5,943
6,143
5,652
-3.3%
10-K for the year ended 30 March 2019, filed 16 May 2019: the filing.