Seagate Technology Holdings (STX) FY2018 results: revenue $11.2 billion, up 3.8% on the year
Seagate Technology Holdings plc (STX) reported revenue of $11.2 billion for fiscal 2018, the year ended 29 June 2018, up 3.8% on the year before. Net income was $1.2 billion, up 53.1%, and diluted earnings per share $4.05. The figures are the company's own, from the 10-K it filed with the SEC on 3 August 2018.
Revenue
$11.2 billion
+3.8% on the year
FY2011FY2018
Operating margin
14.6%
9.8% a year earlier
FY2011FY2018
Net income
$1.2 billion
+53.1% on the year
FY2011FY2018
Diluted EPS
$4.05
+57.0% 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
11,184
10,771
11,160
+3.8%
Cost of revenue
7,820
7,597
8,545
+2.9%
Gross profit
3,364
3,174
2,615
+6.0%
Gross margin
30.1%
29.5%
23.4%
Research and development
1,026
1,232
1,237
-16.7%
Selling, general and administrative
562
606
635
-7.3%
Operating income
1,634
1,054
445
+55.0%
Operating margin
14.6%
9.8%
4.0%
Interest expense
236
222
193
+6.3%
Pre-tax income
1,418
815
274
+74.0%
Income tax
236
43.0
26.0
+448.8%
Effective tax rate
16.6%
5.3%
9.5%
Net income
1,182
772
248
+53.1%
Net margin
10.6%
7.2%
2.2%
Diluted EPS
$4.05
$2.58
$0.82
+57.0%
$ 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
2,113
1,916
1,680
+10.3%
Capital expenditure
366
434
587
-15.7%
Free cash flow
1,747
1,482
1,093
+17.9%
Free cash flow margin
15.6%
13.8%
9.8%
Cash from investing
-1,588
-459
-1,211
Cash from financing
-1,211
-46.0
-1,820
Depreciation and amortisation
598
749
815
-20.2%
Share-based compensation
112
137
120
-18.2%
Buybacks
361
460
1,090
-21.5%
Dividends paid
726
561
727
+29.4%
Dividend per share
$2.52
$2.52
$2.43
0.0%
Diluted shares, weighted
292m
299m
302m
-2.3%
Shares outstanding at period end
287m
292m
299m
-1.6%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,665
1,364
1,593
+22.1%
Non-controlling interest
n/a
n/a
0.0
Debt
4,862
5,073
4,133
-4.2%
Other liabilities
2,883
2,831
2,487
+1.8%
Total liabilities and equity
9,410
9,268
8,213
+1.5%
Fixed assets
1,792
1,875
2,160
-4.4%
Goodwill
1,237
1,238
1,237
-0.1%
Intangible assets
188
281
448
-33.1%
Investments
n/a
0.0
6.0
Securities held for sale or to maturity
1,016
n/a
n/a
Cash and equivalents
1,853
2,539
1,125
-27.0%
Receivables
1,184
1,199
1,318
-1.3%
Inventory
1,053
982
868
+7.2%
Other assets
1,087
1,154
1,051
-5.8%
Total assets
9,410
9,268
8,213
+1.5%
10-K for the year ended 29 June 2018, filed 3 August 2018: the filing.