Interface (TILE) FY2018 results: revenue $1.2 billion, up 18.4% on the year
Interface Inc. (TILE) reported revenue of $1.2 billion for fiscal 2018, the year ended 30 December 2018, up 18.4% on the year before. Net income was $50 million, down 5.6%, and diluted earnings per share $0.84. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2020.
Revenue
$1.2 billion
+18.4% on the year
FY2011FY2018
Operating margin
6.5%
11.2% a year earlier
FY2011FY2018
Net income
$50 million
-5.6% on the year
FY2011FY2018
Diluted EPS
$0.84
-2.3% 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
1,180
996
959
+18.4%
Cost of revenue
750
610
590
+22.8%
Gross profit
430
386
369
+11.4%
Gross margin
36.4%
38.7%
38.5%
Research and development
16.4
14.0
14.3
+17.1%
Selling, general and administrative
333
267
262
+24.6%
Operating income
76.4
112
87.2
-31.5%
Operating margin
6.5%
11.2%
9.1%
Interest expense
15.4
7.1
6.1
+116.6%
Pre-tax income
55.0
101
79.1
-45.3%
Income tax
4.7
47.3
25.0
-90.0%
Effective tax rate
8.6%
47.0%
31.6%
Net income
50.3
53.2
54.2
-5.6%
Net margin
4.3%
5.3%
5.7%
Diluted EPS
$0.84
$0.86
$0.83
-2.3%
$ 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
91.8
103
98.1
-11.2%
Capital expenditure
54.9
30.5
28.1
+80.0%
Free cash flow
36.9
72.9
70.0
-49.4%
Free cash flow margin
3.1%
7.3%
7.3%
Cash from investing
-456
-31.1
-26.4
Cash from financing
362
-157
19.6
Depreciation and amortisation
39.1
30.3
30.6
+29.2%
Buybacks
14.5
91.6
18.5
-84.2%
Dividends paid
15.5
15.5
14.3
-0.1%
Dividend per share
$0.26
$0.25
$0.22
+4.0%
Diluted shares, weighted
60m
62m
65m
-4.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
355
330
341
+7.4%
Debt
619
230
270
+169.0%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
311
241
224
+29.4%
Total liabilities and equity
1,285
801
835
+60.5%
Fixed assets
293
213
205
+37.7%
Goodwill
246
68.8
61.2
+257.5%
Investments
0.0
0.0
0.0
Cash and equivalents
81.0
87.0
166
-6.9%
Receivables
179
143
126
+25.3%
Inventory
259
178
156
+45.4%
Other assets
227
111
122
+104.0%
Total assets
1,285
801
835
+60.5%
10-K for the year ended 30 December 2018, filed 26 February 2020: the filing.