Tyson Foods (TSN) FY2018 results: revenue $40.1 billion, up 4.7% on the year
Tyson Foods, Inc. (TSN) reported revenue of $40.1 billion for fiscal 2018, the year ended 29 September 2018, up 4.7% on the year before. Net income was $3.0 billion, up 67.4%, and diluted earnings per share $8.04. The figures are the company's own, from the 10-K it filed with the SEC on 13 November 2018.
Revenue
$40.1 billion
+4.7% on the year
FY2011FY2018
Operating margin
7.4%
7.6% a year earlier
FY2011FY2018
Net income
$3.0 billion
+67.4% on the year
FY2011FY2018
Diluted EPS
$8.04
+67.8% 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
40,052
38,260
36,881
+4.7%
Cost of revenue
34,926
33,177
32,184
+5.3%
Gross profit
5,096
5,062
4,697
+0.7%
Gross margin
12.7%
13.2%
12.7%
Research and development
114
113
96.0
+0.9%
Selling, general and administrative
2,127
2,141
1,864
-0.7%
Operating income
2,969
2,921
2,833
+1.6%
Operating margin
7.4%
7.6%
7.7%
Pre-tax income
2,682
2,628
2,598
+2.1%
Income tax
-291
850
826
Effective tax rate
-10.9%
32.3%
31.8%
Net income
2,970
1,774
1,768
+67.4%
Net margin
7.4%
4.6%
4.8%
Diluted EPS
$8.04
$4.79
$4.53
+67.8%
$ 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
2,963
2,599
2,716
+14.0%
Capital expenditure
1,200
1,069
695
+12.3%
Free cash flow
1,763
1,530
2,021
+15.2%
Free cash flow margin
4.4%
4.0%
5.5%
Cash from investing
-1,906
-4,164
-684
Cash from financing
-1,102
1,530
-2,377
Depreciation and amortisation
933
748
697
+24.7%
Share-based compensation
69.0
92.0
81.0
-25.0%
Buybacks
427
860
1,944
-50.3%
Dividends paid
431
319
216
+35.1%
Diluted shares, weighted
369m
370m
390m
-0.3%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
12,803
10,541
9,608
+21.5%
Non-controlling interest
8.0
18.0
16.0
-55.6%
Debt
9,873
10,203
6,279
-3.2%
Other liabilities
6,303
7,304
6,470
-13.7%
Total liabilities and equity
28,987
28,066
22,373
+3.3%
Fixed assets
6,169
5,568
5,170
+10.8%
Goodwill
9,739
9,324
6,669
+4.5%
Intangible assets
6,759
6,243
5,084
+8.3%
Cash and equivalents
270
318
349
-15.1%
Receivables
1,723
1,675
1,542
+2.9%
Inventory
3,513
3,239
2,732
+8.5%
Other assets
814
1,699
827
-52.1%
Total assets
28,987
28,066
22,373
+3.3%
10-K for the year ended 29 September 2018, filed 13 November 2018: the filing.