NCR Voyix (VYX) FY2018 results: revenue $6.4 billion, down 1.7% on the year
NCR Voyix Corp. (VYX) reported revenue of $6.4 billion for fiscal 2018, the year ended 31 December 2018, down 1.7% on the year before. Net income was -$88 million, and diluted earnings per share $-1.16. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2019.
Revenue
$6.4 billion
-1.7% on the year
FY2011FY2018
Operating margin
3.0%
10.6% a year earlier
FY2011FY2018
Net income
-$88 million
FY2011FY2018
Diluted EPS
-$1.16
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
6,405
6,516
6,543
-1.7%
Cost of revenue
4,730
4,652
4,761
+1.7%
Gross profit
1,675
1,864
1,782
-10.1%
Gross margin
26.2%
28.6%
27.2%
Research and development
252
241
225
+4.6%
Selling, general and administrative
1,005
923
904
+8.9%
Operating income
191
691
674
-72.4%
Operating margin
3.0%
10.6%
10.3%
Interest expense
168
163
170
+3.1%
Pre-tax income
39.0
482
379
-91.9%
Income tax
73.0
242
92.0
-69.8%
Effective tax rate
187.2%
50.2%
24.3%
Net income
-88.0
232
270
Net margin
-1.4%
3.6%
4.1%
Diluted EPS
-$1.16
$0.97
$1.71
$ 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
572
752
894
-23.9%
Capital expenditure
143
128
73.0
+11.7%
Free cash flow
429
624
821
-31.2%
Free cash flow margin
6.7%
9.6%
12.5%
Cash from investing
-474
-290
-189
Cash from financing
-48.0
-434
-467
Depreciation and amortisation
330
354
344
-6.8%
Share-based compensation
72.0
77.0
61.0
-6.5%
Buybacks
210
350
250
-40.0%
Diluted shares, weighted
118m
127m
129m
-6.8%
Shares outstanding at period end
118m
122m
125m
-2.9%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
395
719
695
-45.1%
Non-controlling interest
4.0
3.0
4.0
+33.3%
Redeemable equity
859
810
847
+6.0%
Short-term borrowings
185
52.0
50.0
+255.8%
Debt
3,183
3,014
3,080
+5.6%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
3,135
3,056
2,997
+2.6%
Total liabilities and equity
7,761
7,654
7,673
+1.4%
Fixed assets
359
341
287
+5.3%
Goodwill
2,692
2,741
2,727
-1.8%
Intangible assets
595
578
672
+2.9%
Cash and equivalents
464
537
498
-13.6%
Receivables
1,356
1,270
1,282
+6.8%
Inventory
806
780
699
+3.3%
Other assets
1,489
1,407
1,508
+5.8%
Total assets
7,761
7,654
7,673
+1.4%
10-K for the year ended 31 December 2018, filed 28 February 2019: the filing.