Ulta Beauty (ULTA) FY2017 results: revenue $5.9 billion, up 21.2% on the year
Ulta Beauty, Inc. (ULTA) reported revenue of $5.9 billion for fiscal 2017, the year ended 3 February 2018, up 21.2% on the year before. Net income was $555 million, up 35.5%, and diluted earnings per share $8.96. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2019.
Revenue
$5.9 billion
+21.2% on the year
FY2010FY2017
Operating margin
13.3%
13.5% a year earlier
FY2010FY2017
Net income
$555 million
+35.5% on the year
FY2010FY2017
Diluted EPS
$8.96
+37.4% on the year
FY2010FY2017
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Revenue
5,885
4,855
3,924
+21.2%
Cost of revenue
3,788
3,108
2,540
+21.9%
Gross profit
2,097
1,747
1,384
+20.0%
Gross margin
35.6%
36.0%
35.3%
Selling, general and administrative
1,287
1,074
863
+19.9%
Operating income
785
655
506
+19.9%
Operating margin
13.3%
13.5%
12.9%
Pre-tax income
787
656
507
+20.0%
Income tax
232
246
187
-5.8%
Effective tax rate
29.4%
37.5%
36.9%
Net income
555
410
320
+35.5%
Net margin
9.4%
8.4%
8.2%
Diluted EPS
$8.96
$6.52
$4.98
+37.4%
$ 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
FY2017
FY2016
FY2015
On the year
Last 8 years
Operating cash flow
779
634
376
+22.9%
Capital expenditure
441
374
299
+17.9%
Free cash flow
339
261
76.7
+29.9%
Free cash flow margin
5.8%
5.4%
2.0%
Cash from investing
-531
-273
-279
Cash from financing
-356
-322
-140
Depreciation and amortisation
253
210
165
+20.2%
Share-based compensation
24.4
19.3
15.6
+26.2%
Buybacks
368
344
167
+6.8%
Diluted shares, weighted
62m
63m
64m
-1.4%
Shares outstanding at period end
61m
62m
64m
-2.1%
Balance sheet
$ million
FY2017
FY2016
FY2015
On the year
Last 8 years
Shareholders' equity
1,774
1,550
1,443
+14.4%
Debt
0.0
0.0
0.0
Other liabilities
1,134
1,002
788
+13.3%
Total liabilities and equity
2,909
2,552
2,231
+14.0%
Fixed assets
1,189
1,004
848
+18.4%
Goodwill
0.0
n/a
n/a
Investments
120
30.0
130
+300.0%
Cash and equivalents
277
385
346
-27.9%
Receivables
99.7
88.6
65.0
+12.5%
Other assets
1,222
1,044
842
+17.1%
Total assets
2,909
2,552
2,231
+14.0%
10-K for the year ended 3 February 2018, filed 2 April 2019: the filing.