Ulta Beauty (ULTA) FY2018 results: revenue $6.7 billion, up 14.1% on the year
Ulta Beauty, Inc. (ULTA) reported revenue of $6.7 billion for fiscal 2018, the year ended 2 February 2019, up 14.1% on the year before. Net income was $659 million, up 18.6%, and diluted earnings per share $10.94. The figures are the company's own, from the 10-K it filed with the SEC on 2 April 2019.
Revenue
$6.7 billion
+14.1% on the year
FY2011FY2018
Operating margin
12.7%
13.3% a year earlier
FY2011FY2018
Net income
$659 million
+18.6% on the year
FY2011FY2018
Diluted EPS
$10.94
+22.1% 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
6,717
5,885
4,855
+14.1%
Cost of revenue
4,307
3,788
3,108
+13.7%
Gross profit
2,409
2,097
1,747
+14.9%
Gross margin
35.9%
35.6%
36.0%
Selling, general and administrative
1,535
1,287
1,074
+19.3%
Operating income
854
785
655
+8.8%
Operating margin
12.7%
13.3%
13.5%
Pre-tax income
859
787
656
+9.2%
Income tax
201
232
246
-13.4%
Effective tax rate
23.3%
29.4%
37.5%
Net income
659
555
410
+18.6%
Net margin
9.8%
9.4%
8.4%
Diluted EPS
$10.94
$8.96
$6.52
+22.1%
$ 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
956
779
634
+22.7%
Capital expenditure
319
441
374
-27.5%
Free cash flow
637
339
261
+88.0%
Free cash flow margin
9.5%
5.8%
5.4%
Cash from investing
-215
-531
-273
Cash from financing
-609
-356
-322
Depreciation and amortisation
279
253
210
+10.6%
Share-based compensation
27.5
24.4
19.3
+12.7%
Buybacks
616
368
344
+67.6%
Diluted shares, weighted
60m
62m
63m
-2.9%
Shares outstanding at period end
59m
61m
62m
-3.7%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
1,820
1,774
1,550
+2.6%
Debt
0.0
0.0
0.0
Other liabilities
1,371
1,134
1,002
+20.8%
Total liabilities and equity
3,191
2,909
2,552
+9.7%
Fixed assets
1,226
1,189
1,004
+3.1%
Goodwill
10.9
0.0
n/a
Intangible assets
4.3
n/a
n/a
Investments
0.0
120
30.0
Cash and equivalents
409
277
385
+47.5%
Receivables
136
99.7
88.6
+36.6%
Other assets
1,405
1,222
1,044
+14.9%
Total assets
3,191
2,909
2,552
+9.7%
10-K for the year ended 2 February 2019, filed 2 April 2019: the filing.