Take-Two Interactive Software (TTWO) FY2018 results: revenue $1.8 billion, up 0.7% on the year
Take-Two Interactive Software, Inc. (TTWO) reported revenue of $1.8 billion for fiscal 2018, the year ended 31 March 2018, up 0.7% on the year before. Net income was $174 million, up 157.8%, and diluted earnings per share $1.54. The figures are the company's own, from the 10-K it filed with the SEC on 14 May 2019.
Revenue
$1.8 billion
+0.7% on the year
FY2011FY2018
Operating margin
7.6%
5.1% a year earlier
FY2011FY2018
Net income
$174 million
+157.8% on the year
FY2011FY2018
Diluted EPS
$1.54
+113.9% 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
1,793
1,780
1,414
+0.7%
Cost of revenue
898
1,023
814
-12.2%
Gross profit
895
757
600
+18.2%
Gross margin
49.9%
42.5%
42.4%
Operating income
136
91.3
-10.8
+48.5%
Operating margin
7.6%
5.1%
-0.8%
Pre-tax income
137
77.0
-38.4
+77.5%
Income tax
-36.9
9.7
-30.0
Effective tax rate
-27.0%
12.6%
n/a
Net income
174
67.3
-8.3
+157.8%
Net margin
9.7%
3.8%
-0.6%
Diluted EPS
$1.54
$0.72
-$0.10
+113.9%
$ 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
494
408
261
+21.0%
Capital expenditure
61.6
21.2
37.3
+190.8%
Free cash flow
432
387
224
+11.7%
Free cash flow margin
24.1%
21.7%
15.8%
Cash from investing
-272
-129
-325
Cash from financing
-281
-49.8
-48.0
Depreciation and amortisation
44.0
30.7
28.8
+43.2%
Share-based compensation
116
81.9
70.0
+42.1%
Buybacks
155
0.0
26.6
Diluted shares, weighted
113m
94m
83m
+20.0%
Shares outstanding at period end
114m
103m
87m
+11.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,489
1,004
581
+48.3%
Debt
8.2
268
538
-97.0%
Other liabilities
2,241
1,877
1,471
+19.4%
Total liabilities and equity
3,738
3,149
2,590
+18.7%
Fixed assets
102
67.3
77.1
+52.3%
Goodwill
400
359
359
+11.3%
Intangible assets
98.5
95.4
4.6
+3.2%
Investments
615
449
471
+37.1%
Cash and equivalents
809
943
799
-14.2%
Receivables
248
220
169
+12.8%
Inventory
15.2
16.3
15.9
-7.1%
Other assets
1,450
999
695
+45.2%
Total assets
3,738
3,149
2,590
+18.7%
10-K for the year ended 31 March 2018, filed 14 May 2019: the filing.