Unitil (UTL) FY2018 results: revenue $444 million, up 9.3% on the year
Unitil Corp. (UTL) reported revenue of $444 million for fiscal 2018, the year ended 31 December 2018, up 9.3% on the year before. Net income was $33 million, up 13.8%, and diluted earnings per share $2.23. The figures are the company's own, from the 10-K it filed with the SEC on 31 January 2019.
Revenue
$444 million
+9.3% on the year
FY2011FY2018
Operating margin
16.0%
18.6% a year earlier
FY2011FY2018
Net income
$33 million
+13.8% on the year
FY2011FY2018
Diluted EPS
$2.23
+8.3% 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
444
406
383
+9.3%
Operating income
71.2
75.4
70.2
-5.6%
Operating margin
16.0%
18.6%
18.3%
Interest expense
26.4
25.5
23.7
+3.5%
Pre-tax income
41.4
46.5
42.5
-11.0%
Income tax
8.4
17.5
15.4
-52.0%
Effective tax rate
20.3%
37.6%
36.1%
Net income
33.0
29.0
27.1
+13.8%
Net margin
7.4%
7.1%
7.1%
Diluted EPS
$2.23
$2.06
$1.94
+8.3%
$ 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
78.5
86.2
68.3
-8.9%
Capital expenditure
102
119
98.1
-14.2%
Free cash flow
-23.9
-33.1
-29.8
Free cash flow margin
-5.4%
-8.1%
-7.8%
Cash from investing
-102
-119
-98.1
Cash from financing
22.8
36.2
26.9
-37.0%
Dividends paid
21.8
20.4
20.0
+6.9%
Dividend per share
$1.46
$1.44
$1.42
+1.4%
Diluted shares, weighted
15m
14m
14m
+5.2%
Shares outstanding at period end
15m
15m
14m
+0.4%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
351
337
293
+4.3%
Debt
489
444
416
+9.9%
Other liabilities
458
461
420
-0.5%
Total liabilities and equity
1,298
1,242
1,128
+4.5%
Trading assets
4.8
3.6
1.9
+33.3%
Cash and equivalents
7.8
8.9
5.8
-12.4%
Receivables
66.8
67.4
52.9
-0.9%
Other assets
1,219
1,162
1,068
+4.9%
Total assets
1,298
1,242
1,128
+4.5%
10-K for the year ended 31 December 2018, filed 31 January 2019: the filing.