Weyerhaeuser (WY) FY2018 results: revenue $7.5 billion, up 3.9% on the year
Weyerhaeuser Co. (WY) reported revenue of $7.5 billion for fiscal 2018, the year ended 31 December 2018, up 3.9% on the year before. Net income was $748 million, up 28.5%, and diluted earnings per share $0.99. The figures are the company's own, from the 10-K it filed with the SEC on 15 February 2019.
Revenue
$7.5 billion
+3.9% on the year
FY2011FY2018
Operating margin
18.6%
15.7% a year earlier
FY2011FY2018
Net income
$748 million
+28.5% on the year
FY2011FY2018
Diluted EPS
$0.99
+28.6% 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
7,476
7,196
6,365
+3.9%
Cost of revenue
5,592
5,298
4,980
+5.5%
Gross profit
1,884
1,898
1,385
-0.7%
Gross margin
25.2%
26.4%
21.8%
Research and development
8.0
14.0
19.0
-42.9%
Operating income
1,394
1,131
822
+23.3%
Operating margin
18.6%
15.7%
12.9%
Interest expense
375
393
431
-4.6%
Pre-tax income
807
716
504
+12.7%
Income tax
59.0
134
89.0
-56.0%
Effective tax rate
7.3%
18.7%
17.7%
Net income
748
582
1,027
+28.5%
Net margin
10.0%
8.1%
16.1%
Diluted EPS
$0.99
$0.77
$1.39
+28.6%
$ 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
1,112
1,201
735
-7.4%
Capital expenditure
368
358
451
+2.8%
Free cash flow
744
843
284
-11.7%
Free cash flow margin
10.0%
11.7%
4.5%
Cash from investing
-440
367
2,559
Cash from financing
-1,162
-1,420
-3,630
Depreciation and amortisation
486
521
565
-6.7%
Share-based compensation
42.0
40.0
60.0
+5.0%
Buybacks
366
0.0
2,003
Dividends paid
995
941
932
+5.7%
Dividend per share
$1.32
$1.25
$1.24
+5.6%
Diluted shares, weighted
757m
757m
722m
+0.0%
Shares outstanding at period end
746m
755m
749m
-1.2%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
9,046
8,899
9,180
+1.7%
Debt
6,646
6,294
7,121
+5.6%
Other liabilities
1,557
2,866
2,942
-45.7%
Total liabilities and equity
17,249
18,059
19,243
-4.5%
Fixed assets
1,857
1,618
1,562
+14.8%
Goodwill
n/a
40.0
40.0
Cash and equivalents
334
824
676
-59.5%
Receivables
337
396
390
-14.9%
Inventory
389
383
358
+1.6%
Other assets
14,332
14,798
16,217
-3.1%
Total assets
17,249
18,059
19,243
-4.5%
10-K for the year ended 31 December 2018, filed 15 February 2019: the filing.