Somnigroup International (SGI) FY2018 results: revenue $2.7 billion, up 0.1% on the year
Somnigroup International Inc. (SGI) reported revenue of $2.7 billion for fiscal 2018, the year ended 31 December 2018, up 0.1% on the year before. Net income was $100 million, down 33.6%, and diluted earnings per share $0.46. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2019.
Revenue
$2.7 billion
+0.1% on the year
FY2011FY2018
Operating margin
9.5%
10.9% a year earlier
FY2011FY2018
Net income
$100 million
-33.6% on the year
FY2011FY2018
Diluted EPS
$0.46
-34.3% 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
2,703
2,701
3,080
+0.1%
Cost of revenue
1,582
1,580
1,790
+0.2%
Gross profit
1,121
1,121
1,290
-0.0%
Gross margin
41.5%
41.5%
41.9%
Research and development
21.9
21.7
26.7
+0.9%
Operating income
256
296
413
-13.3%
Operating margin
9.5%
10.9%
13.4%
Interest expense
92.3
87.3
82.9
+5.7%
Pre-tax income
165
215
283
-23.4%
Income tax
49.6
43.8
86.3
+13.2%
Effective tax rate
30.1%
20.3%
30.5%
Net income
100
151
191
-33.6%
Net margin
3.7%
5.6%
6.2%
Diluted EPS
$0.46
$0.69
$0.80
-34.3%
$ 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
183
223
166
-17.9%
Capital expenditure
73.6
66.6
61.9
+10.5%
Free cash flow
110
156
104
-29.9%
Free cash flow margin
4.1%
5.8%
3.4%
Cash from investing
n/a
-62.1
-62.4
Cash from financing
-107
-175
-185
Depreciation and amortisation
112
94.0
88.6
+19.0%
Share-based compensation
24.8
13.3
16.2
+86.5%
Dividends paid
n/a
0.0
0.0
Diluted shares, weighted
220m
219m
239m
+0.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
215
112
-44.9
+90.8%
Non-controlling interest
2.9
0.0
3.0
Redeemable equity
0.0
2.2
7.6
Debt
1,646
1,753
1,888
-6.1%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
852
826
849
+3.1%
Total liabilities and equity
2,715
2,694
2,703
+0.8%
Fixed assets
421
434
422
-2.9%
Goodwill
723
733
699
-1.4%
Intangible assets
649
667
679
-2.7%
Cash and equivalents
45.8
41.1
64.6
+11.4%
Receivables
322
311
342
+3.4%
Inventory
222
179
197
+24.1%
Other assets
333
329
300
+1.1%
Total assets
2,715
2,694
2,703
+0.8%
10-K for the year ended 31 December 2018, filed 25 February 2019: the filing.