DELUXE CORPORATION
Income Statement
| Line Item | FY2018 | FY2017 | FY2016 | FY2015 | FY2014 | FY2013 | FY2012 | FY2011 |
|---|---|---|---|---|---|---|---|---|
| Revenue | $2.00B | $1.97B | $1.85B | $1.77B | $1.67B | $1.58B | $1.51B | $1.42B |
| Cost of Revenue | $791.7M | $742.7M | $667.8M | $639.2M | $606.3M | $561.1M | $524.4M | $493.4M |
| Gross Profit | $1.21B | $1.22B | $1.18B | $1.13B | $1.07B | $1.02B | $990.5M | $924.2M |
| Gross Margin | 60.4% | 62.2% | 63.9% | 63.9% | 63.8% | 64.6% | 65.4% | 65.2% |
| Operating Expenses | ||||||||
| Research & Development | — | — | — | — | — | — | — | — |
| SG&A Expense | $854.0M | $830.2M | $807.2M | $774.9M | $719.2M | $691.4M | $680.5M | $640.3M |
| Operating Income | $231.2M | $329.2M | $366.9M | $354.3M | $332.6M | $317.9M | $302.0M | $271.1M |
| Operating Margin | 11.6% | 16.7% | 19.8% | 20.0% | 19.9% | 20.1% | 19.9% | 19.1% |
| Interest Expense | $27.1M | $21.4M | $22.3M | $20.3M | $36.5M | $38.3M | $46.8M | $47.8M |
| Pretax Income | $212.6M | $312.8M | $340.4M | $327.9M | $297.2M | $281.1M | $250.8M | $216.1M |
| Income Tax Expense | $63.0M | $82.7M | $111.0M | $109.3M | $97.4M | $94.4M | $80.3M | $71.5M |
| Net Income | $149.6M | $230.2M | $229.4M | $218.6M | $199.8M | $186.7M | $170.5M | $144.6M |
| Net Margin | 7.5% | 11.7% | 12.4% | 12.3% | 11.9% | 11.8% | 11.3% | 10.2% |
| EPS (Basic) | $3.18 | $4.75 | $4.68 | $4.39 | $3.99 | $3.68 | $3.33 | $2.82 |
| EPS (Diluted) | $3.16 | $4.72 | $4.65 | $4.36 | $3.96 | $3.65 | $3.32 | $2.80 |
| Shares Outstanding (Basic) | 46.8M | 48.1M | 48.6M | 49.4M | 49.8M | 50.6M | 50.8M | 51.0M |
| Shares Outstanding (Diluted) | 47.0M | 48.4M | 49.0M | 49.8M | 50.3M | 51.0M | 51.1M | 51.4M |
| Dividends Per Share | $1.20 | $1.20 | $1.20 | $1.20 | $1.15 | $1.00 | $1.00 | $1.00 |