Xylem (XYL) FY2018 results: revenue $5.2 billion, up 10.6% on the year
Xylem Inc. (XYL) reported revenue of $5.2 billion for fiscal 2018, the year ended 31 December 2018, up 10.6% on the year before. Net income was $549 million, up 65.9%, and diluted earnings per share $3.03. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2019.
Revenue
$5.2 billion
+10.6% on the year
FY2011FY2018
Operating margin
12.6%
11.7% a year earlier
FY2011FY2018
Net income
$549 million
+65.9% on the year
FY2011FY2018
Diluted EPS
$3.03
+65.6% 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
5,207
4,707
3,771
+10.6%
Cost of revenue
3,181
2,856
2,310
+11.4%
Gross profit
2,026
1,847
1,461
+9.7%
Gross margin
38.9%
39.2%
38.7%
Research and development
189
181
110
+4.4%
Selling, general and administrative
1,161
1,090
915
+6.5%
Operating income
654
552
408
+18.5%
Operating margin
12.6%
11.7%
10.8%
Interest expense
82.0
82.0
70.0
0.0%
Pre-tax income
585
466
340
+25.5%
Income tax
36.0
136
80.0
-73.5%
Effective tax rate
6.2%
29.2%
23.5%
Net income
549
331
260
+65.9%
Net margin
10.5%
7.0%
6.9%
Diluted EPS
$3.03
$1.83
$1.45
+65.6%
$ 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
586
686
497
-14.6%
Capital expenditure
237
170
124
+39.4%
Free cash flow
349
516
373
-32.4%
Free cash flow margin
6.7%
11.0%
9.9%
Cash from investing
-643
-181
-1,886
Cash from financing
-40.0
-421
1,034
Depreciation and amortisation
261
234
151
+11.5%
Share-based compensation
30.0
21.0
18.0
+42.9%
Buybacks
59.0
25.0
4.0
+136.0%
Dividends paid
152
130
112
+16.9%
Dividend per share
$0.84
$0.72
$0.01
+16.7%
Diluted shares, weighted
181m
181m
180m
+0.2%
Shares outstanding at period end
180m
180m
179m
-0.1%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
2,768
2,503
2,190
+10.6%
Non-controlling interest
14.0
16.0
17.0
-12.5%
Debt
2,308
2,200
2,368
+4.9%
Other liabilities
2,132
2,141
1,899
-0.4%
Total liabilities and equity
7,222
6,860
6,474
+5.3%
Fixed assets
656
643
616
+2.0%
Goodwill
2,976
2,768
2,632
+7.5%
Intangible assets
1,232
1,168
1,201
+5.5%
Cash and equivalents
296
414
308
-28.5%
Receivables
1,031
956
843
+7.8%
Inventory
595
524
522
+13.5%
Other assets
436
387
352
+12.7%
Total assets
7,222
6,860
6,474
+5.3%
10-K for the year ended 31 December 2018, filed 22 February 2019: the filing.