AYI FY 2018 Earnings Report — Acuity Brands, Inc. Revenue & Financial Results | Market Cap Arena

Acuity Brands, Inc.AYI

FY 2018 Earnings

Reported October 25, 2018

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2018	Prior Q	FY 2017	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.5B	—	5.0%
Op. Income	$461M	—	$528M	—	-12.6%
Gross Margin	40.4%	—	42.3%	—	-1.9pp
Net Margin	9.5%	—	9.2%	—	0.3pp
EPS (Diluted)	$8.53	—	$7.43	—	14.8%
Free Cash Flow	$310M	—	$249M	—	24.4%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$1.0B
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$6M
Operating Expenses	$1.0B
Cost & Expenses	$3.2B
OPERATING INCOME	$461M
Interest Income	$2M
Interest Expense	$36M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$426M
Income Tax Expense	$76M
Net Income from Continuing Ops	$350M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$350M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$350M
D&A	$80M
EBIT	$461M
EBITDA	$542M
EPS	$9
EPS Diluted	$9

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$1.0B
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$6M
Operating Expenses	$1.0B
Cost & Expenses	$3.2B
OPERATING INCOME	$461M
Interest Income	$2M
Interest Expense	$36M
Other Income/Expenses	-$35M
INCOME BEFORE TAX	$426M
Income Tax Expense	$76M
Net Income from Continuing Ops	$350M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$350M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$350M
D&A	$80M
EBIT	$461M
EBITDA	$542M
EPS	$9
EPS Diluted	$9

Cash Flow Statement

Item	Amount
Net Income	$350M
Depreciation & Amortization	$80M
Stock-Based Compensation	$32M
Deferred Income Tax	-$38M
Other Non-Cash Items	-$5M
Change in Working Capital	-$66M
OPERATING CASH FLOW	$353M
Capital Expenditure	-$44M
Acquisitions (Net)	-$162M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$2M
NET CASH FROM INVESTING	-$206M
Net Debt Issuance	-$400.0K
Common Stock Repurchased	-$298M
Common Dividends Paid	-$21M
Other Financing Activities	-$8M
NET CASH FROM FINANCING	-$327M
FREE CASH FLOW	$310M
Net Change in Cash	-$182M

Balance Sheet

Item	Amount
Cash & Equivalents	$129M
Short-Term Investments	$0
Net Receivables	$638M
Inventory	$412M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$287M
Goodwill	$971M
Intangible Assets	$499M
Long-Term Investments	$0
Tax Assets	$3M
Other Non-Current Assets	$19M
TOTAL NON-CURRENT ASSETS	$1.8B
TOTAL ASSETS	$3.0B
Account Payables	$451M
Short-Term Debt	$400.0K
Deferred Revenue	$0
Other Current Liabilities	$67M
TOTAL CURRENT LIABILITIES	$683M
Long-Term Debt	$356M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$93M
Other Non-Current Liabilities	$140M
TOTAL NON-CURRENT LIABILITIES	$589M
TOTAL LIABILITIES	$1.3B
Common Stock	$500.0K
Additional Paid-In Capital	$906M
Retained Earnings	$2.0B
Treasury Stock	-$1.1B
Accum. Other Comp. Income	-$115M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.7B
Minority Interest	$0
TOTAL EQUITY	$1.7B
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$357M
Net Debt	$228M