Agilent Technologies (A) FY2019 results: revenue $5.2 billion, up 5.1% on the year
Agilent Technologies, Inc. (A) reported revenue of $5.2 billion for fiscal 2019, the year ended 31 October 2019, up 5.1% on the year before. Net income was $1.1 billion, up 238.9%, and diluted earnings per share $3.37. The figures are the company's own, from the 10-K it filed with the SEC on 19 December 2019.
Revenue
$5.2 billion
+5.1% on the year
FY2012FY2019
Operating margin
18.2%
18.4% a year earlier
FY2012FY2019
Net income
$1.1 billion
+238.9% on the year
FY2012FY2019
Diluted EPS
$3.37
+247.4% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
5,163
4,914
4,472
+5.1%
Cost of revenue
2,358
2,234
2,063
+5.6%
Gross profit
2,805
2,680
2,409
+4.7%
Gross margin
54.3%
54.5%
53.9%
Research and development
404
387
341
+4.4%
Selling, general and administrative
1,460
1,389
1,251
+5.1%
Operating income
941
904
807
+4.1%
Operating margin
18.2%
18.4%
18.0%
Interest expense
74.0
75.0
79.0
-1.3%
Pre-tax income
919
946
974
-2.9%
Income tax
-152
630
119
Effective tax rate
-16.5%
66.6%
12.2%
Net income
1,071
316
684
+238.9%
Net margin
20.7%
6.4%
15.3%
Diluted EPS
$3.37
$0.97
$2.10
+247.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
1,021
1,087
889
-6.1%
Capital expenditure
155
177
176
-12.4%
Free cash flow
866
910
713
-4.8%
Free cash flow margin
16.8%
18.5%
15.9%
Cash from investing
-1,590
-704
-304
Cash from financing
-299
-797
-202
Depreciation and amortisation
238
210
212
+13.3%
Share-based compensation
72.0
70.0
60.0
+2.9%
Buybacks
723
422
194
+71.3%
Dividends paid
206
191
170
+7.9%
Dividend per share
$0.66
$0.60
$0.53
+10.1%
Diluted shares, weighted
318m
325m
326m
-2.2%
Shares outstanding at period end
309m
318m
322m
-2.8%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
4,748
4,567
4,831
+4.0%
Non-controlling interest
0.0
4.0
4.0
Short-term borrowings
n/a
0.0
n/a
Debt
2,407
1,792
2,011
+34.3%
Other liabilities
2,297
2,178
1,580
+5.5%
Total liabilities and equity
9,452
8,541
8,426
+10.7%
Fixed assets
850
822
757
+3.4%
Goodwill
3,593
2,973
2,607
+20.9%
Intangible assets
1,107
491
361
+125.5%
Investments
102
68.0
138
+50.0%
Trading assets
30.0
30.0
n/a
0.0%
Cash and equivalents
1,382
2,247
2,678
-38.5%
Receivables
930
776
724
+19.8%
Inventory
679
638
575
+6.4%
Other assets
779
496
586
+57.1%
Total assets
9,452
8,541
8,426
+10.7%
10-K for the year ended 31 October 2019, filed 19 December 2019: the filing.