Rockwell Automation (ROK) FY2018 results: revenue $6.7 billion, up 5.6% on the year
Rockwell Automation, Inc. (ROK) reported revenue of $6.7 billion for fiscal 2018, the year ended 30 September 2018, up 5.6% on the year before. Net income was $536 million, down 35.1%, and diluted earnings per share $4.21. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2019.
Revenue
$6.7 billion
+5.6% on the year
FY2011FY2018
Operating margin
n/a
FY2011FY2018
Net income
$536 million
-35.1% on the year
FY2011FY2018
Diluted EPS
$4.21
-33.7% 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
6,666
6,311
5,880
+5.6%
Cost of revenue
3,781
3,643
3,404
+3.8%
Gross profit
2,885
2,668
2,476
+8.1%
Gross margin
43.3%
42.3%
42.1%
Research and development
372
348
319
+6.8%
Selling, general and administrative
1,588
1,558
1,467
+1.9%
Interest expense
73.0
76.2
71.3
-4.2%
Pre-tax income
1,331
1,037
943
+28.3%
Income tax
795
212
213
+275.7%
Effective tax rate
59.8%
20.4%
22.6%
Net income
536
826
730
-35.1%
Net margin
8.0%
13.1%
12.4%
Diluted EPS
$4.21
$6.35
$5.56
-33.7%
$ 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
1,300
1,034
947
+25.7%
Capital expenditure
126
142
117
-11.4%
Free cash flow
1,174
892
830
+31.6%
Free cash flow margin
17.6%
14.1%
14.1%
Cash from investing
-170
-517
n/a
Cash from financing
-1,889
-650
n/a
Depreciation and amortisation
165
169
172
-2.5%
Share-based compensation
38.5
38.5
40.5
0.0%
Buybacks
1,482
343
508
+332.7%
Dividends paid
441
391
378
+12.8%
Dividend per share
$3.51
$3.04
$2.90
+15.5%
Diluted shares, weighted
127m
130m
131m
-2.3%
Shares outstanding at period end
121m
128m
128m
-5.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,618
2,664
1,990
-39.3%
Debt
1,776
1,844
1,965
-3.7%
Other liabilities
2,868
2,654
3,146
+8.1%
Total liabilities and equity
6,262
7,162
7,101
-12.6%
Fixed assets
577
584
578
-1.2%
Goodwill
1,076
1,078
1,074
-0.2%
Intangible assets
215
238
255
-9.6%
Investments
1,579
1,450
903
+8.9%
Cash and equivalents
619
1,411
1,526
-56.1%
Receivables
1,190
1,136
1,079
+4.8%
Inventory
582
559
527
+4.1%
Other assets
425
707
1,159
-39.8%
Total assets
6,262
7,162
7,101
-12.6%
10-K for the year ended 30 September 2018, filed 12 November 2019: the filing.