VNT FY 2018 Earnings Report — Vontier Corporation Revenue & Financial Results | Market Cap Arena

Vontier CorporationVNT

FY 2018 Earnings

Reported December 30, 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	$2.7B	—	$2.5B	—	6.7%
Op. Income	$500M	—	$501M	—	-0.2%
Gross Margin	42.6%	—	42.9%	—	-0.4pp
Net Margin	14.5%	—	14.9%	—	-0.5pp
EPS (Diluted)	$2.27	—	$2.20	—	3.2%
Free Cash Flow	$379M	—	$295M	—	28.2%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.1B
R&D Expenses	$136M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$499M
Other Expenses	-$700.0K
Operating Expenses	$636M
Cost & Expenses	$2.2B
OPERATING INCOME	$500M
Interest Income	$8M
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$507M
Income Tax Expense	$122M
Net Income from Continuing Ops	$386M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$386M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$386M
D&A	$86M
EBIT	$500M
EBITDA	$586M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.1B
R&D Expenses	$136M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$499M
Other Expenses	-$700.0K
Operating Expenses	$636M
Cost & Expenses	$2.2B
OPERATING INCOME	$500M
Interest Income	$8M
Interest Expense	$0
Other Income/Expenses	$8M
INCOME BEFORE TAX	$507M
Income Tax Expense	$122M
Net Income from Continuing Ops	$386M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$386M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$386M
D&A	$86M
EBIT	$500M
EBITDA	$586M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$386M
Depreciation & Amortization	$86M
Stock-Based Compensation	$14M
Deferred Income Tax	$6M
Other Non-Cash Items	$200.0K
Change in Working Capital	-$65M
OPERATING CASH FLOW	$421M
Capital Expenditure	-$42M
Acquisitions (Net)	-$81M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$600.0K
NET CASH FROM INVESTING	-$123M
Net Debt Issuance	$16M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$316M
NET CASH FROM FINANCING	-$291M
FREE CASH FLOW	$379M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$531M
Inventory	$250M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$862M
PP&E (Net)	$181M
Goodwill	$1.1B
Intangible Assets	$290M
Long-Term Investments	$247M
Tax Assets	-$247M
Other Non-Current Assets	$517M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$3.0B
Account Payables	$318M
Short-Term Debt	$19M
Deferred Revenue	$117M
Other Current Liabilities	$165M
TOTAL CURRENT LIABILITIES	$694M
Long-Term Debt	$223M
Deferred Revenue NC	$61M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$219M
TOTAL NON-CURRENT LIABILITIES	$502M
TOTAL LIABILITIES	$1.2B
Common Stock	$1.7B
Additional Paid-In Capital	$0
Retained Earnings	$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	$126M
Other Equity	-$1.7B
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$3M
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$3.0B
Total Debt	$241M
Net Debt	$241M