Silgan Holdings (SLGN) FY2018 results: revenue $4.4 billion, up 8.8% on the year
Silgan Holdings Inc. (SLGN) reported revenue of $4.4 billion for fiscal 2018, the year ended 31 December 2018, up 8.8% on the year before. Net income was $224 million, down 16.9%, and diluted earnings per share $2.01. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$4.4 billion
+8.8% on the year
FY2011FY2018
Operating margin
9.3%
8.7% a year earlier
FY2011FY2018
Net income
$224 million
-16.9% on the year
FY2011FY2018
Diluted EPS
$2.01
-16.9% 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
4,449
4,090
3,613
+8.8%
Cost of revenue
3,759
3,455
3,101
+8.8%
Gross profit
690
635
512
+8.7%
Gross margin
15.5%
15.5%
14.2%
Selling, general and administrative
308
305
220
+1.0%
Operating income
412
357
300
+15.4%
Operating margin
9.3%
8.7%
8.3%
Interest expense
116
110
67.8
+5.5%
Pre-tax income
293
240
232
+22.4%
Income tax
69.3
-30.0
78.6
Effective tax rate
23.6%
-12.5%
33.9%
Net income
224
270
153
-16.9%
Net margin
5.0%
6.6%
4.2%
Diluted EPS
$2.01
$2.42
$1.27
-16.9%
$ 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
507
390
395
+30.0%
Capital expenditure
191
174
192
+9.5%
Free cash flow
316
215
203
+46.5%
Free cash flow margin
7.1%
5.3%
5.6%
Cash from investing
-190
-1,198
-180
Cash from financing
-294
837
-289
Depreciation and amortisation
192
174
143
+10.2%
Share-based compensation
n/a
14.6
13.0
Buybacks
7.8
4.1
281
+89.9%
Dividends paid
44.5
40.5
40.9
+10.0%
Dividend per share
$0.40
$0.36
$0.17
+11.1%
Diluted shares, weighted
112m
111m
120m
+0.2%
Shares outstanding at period end
110m
110m
110m
+0.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
881
766
469
+15.0%
Debt
2,318
2,564
1,571
-9.6%
Other liabilities
1,380
1,315
1,109
+5.0%
Total liabilities and equity
4,579
4,645
3,149
-1.4%
Fixed assets
1,518
1,490
1,157
+1.9%
Goodwill
1,148
1,171
605
-2.0%
Intangible assets
383
417
181
-8.1%
Cash and equivalents
72.8
53.5
24.7
+36.0%
Receivables
511
455
288
+12.5%
Inventory
635
721
603
-12.0%
Other assets
311
338
291
-7.8%
Total assets
4,579
4,645
3,149
-1.4%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.