Bristow Group (VTOL) FY2018 results: revenue $222 million, down 4.2% on the year
Bristow Group Inc. (VTOL) reported revenue of $222 million for fiscal 2018, the year ended 31 December 2018, down 4.2% on the year before. Net income was $14 million, and diluted earnings per share $0.64. The figures are the company's own, from the 10-K it filed with the SEC on 8 March 2019.
Revenue
$222 million
-4.2% on the year
FY2011FY2018
Operating margin
12.7%
-59.0% a year earlier
FY2011FY2018
Net income
$14 million
FY2011FY2018
Diluted EPS
$0.64
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
222
231
247
-4.2%
Operating income
28.1
-136
-3.4
Operating margin
12.7%
-59.0%
-1.4%
Interest expense
15.1
16.8
17.3
-9.7%
Pre-tax income
14.2
-153
-19.4
Income tax
2.9
-123
-3.4
Effective tax rate
20.7%
n/a
n/a
Net income
13.9
-28.2
-8.0
Net margin
6.3%
-12.2%
-3.2%
Diluted EPS
$0.64
-$1.36
-$0.39
$ 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
54.4
20.1
58.5
+170.5%
Capital expenditure
9.2
16.8
39.2
-45.0%
Free cash flow
45.1
3.3
19.3
+1,257.1%
Free cash flow margin
20.4%
1.4%
7.8%
Cash from investing
22.8
-6.6
-9.1
Cash from financing
-43.5
-27.5
-33.0
Depreciation and amortisation
39.5
45.7
49.3
-13.5%
Share-based compensation
2.9
4.6
4.6
-36.4%
Buybacks
0.0
0.1
0.2
Diluted shares, weighted
21m
21m
20m
+2.0%
Shares outstanding at period end
22m
21m
21m
+1.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
463
446
468
+4.0%
Redeemable equity
3.3
3.8
4.2
-12.3%
Debt
165
208
236
-20.7%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
133
134
246
-1.0%
Total liabilities and equity
765
792
955
-3.4%
Fixed assets
599
674
822
-11.1%
Intangible assets
1.1
1.1
1.1
-1.3%
Cash and equivalents
50.8
13.6
26.9
+273.7%
Receivables
33.3
33.8
32.5
-1.6%
Inventory
20.7
21.1
25.4
-2.1%
Other assets
59.8
48.5
47.4
+23.3%
Total assets
765
792
955
-3.4%
10-K for the year ended 31 December 2018, filed 8 March 2019: the filing.