Trimble (TRMB) FY2018 results: revenue $3.1 billion, up 18.0% on the year
Trimble Inc. (TRMB) reported revenue of $3.1 billion for fiscal 2018, the year ended 28 December 2018, up 18.0% on the year before. Net income was $283 million, up 138.9%, and diluted earnings per share $1.12. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$3.1 billion
+18.0% on the year
FY2011FY2018
Operating margin
10.2%
8.9% a year earlier
FY2011FY2018
Net income
$283 million
+138.9% on the year
FY2011FY2018
Diluted EPS
$1.12
+138.3% 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
3,132
2,654
2,362
+18.0%
Cost of revenue
1,427
1,262
1,124
+13.1%
Gross profit
1,681
1,378
1,234
+22.0%
Gross margin
53.7%
51.9%
52.3%
Research and development
446
370
350
+20.5%
Operating income
321
236
180
+36.1%
Operating margin
10.2%
8.9%
7.6%
Pre-tax income
278
248
176
+12.0%
Income tax
-5.3
130
43.9
Effective tax rate
-1.9%
52.3%
24.9%
Net income
283
118
132
+138.9%
Net margin
9.0%
4.5%
5.6%
Diluted EPS
$1.12
$0.47
$0.52
+138.3%
$ 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
487
430
n/a
+13.3%
Capital expenditure
67.6
43.7
26.0
+54.7%
Free cash flow
419
386
n/a
+8.6%
Free cash flow margin
13.4%
14.5%
n/a
Cash from investing
-1,650
-371
n/a
Cash from financing
989
66.5
n/a
+1,387.8%
Depreciation and amortisation
112
97.6
99.2
+14.8%
Share-based compensation
76.9
64.8
52.6
+18.7%
Buybacks
93.0
285
120
-67.4%
Diluted shares, weighted
253m
257m
254m
-1.3%
Shares outstanding at period end
251m
249m
251m
+0.8%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
2,674
2,414
2,306
+10.8%
Non-controlling interest
0.4
0.0
-0.1
Debt
1,982
918
625
+115.8%
Other liabilities
1,120
984
743
+13.8%
Total liabilities and equity
5,776
4,316
3,674
+33.8%
Fixed assets
213
174
144
+22.4%
Goodwill
3,540
2,287
2,078
+54.8%
Intangible assets
744
365
333
+104.0%
Investments
0.0
179
111
Cash and equivalents
172
358
216
-51.9%
Receivables
513
428
366
+19.9%
Inventory
298
265
213
+12.6%
Other assets
296
261
212
+13.6%
Total assets
5,776
4,316
3,674
+33.8%
10-K for the year ended 28 December 2018, filed 26 February 2021: the filing.