Agilent Technologies (A) FY2020 results: revenue $5.3 billion, up 3.4% on the year
Agilent Technologies, Inc. (A) reported revenue of $5.3 billion for fiscal 2020, the year ended 31 October 2020, up 3.4% on the year before. Net income was $719 million, down 32.9%, and diluted earnings per share $2.30. The figures are the company's own, from the 10-K it filed with the SEC on 18 December 2020.
Revenue
$5.3 billion
+3.4% on the year
FY2013FY2020
Operating margin
15.8%
18.2% a year earlier
FY2013FY2020
Net income
$719 million
-32.9% on the year
FY2013FY2020
Diluted EPS
$2.30
-31.8% on the year
FY2013FY2020
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Revenue
5,339
5,163
4,914
+3.4%
Cost of revenue
2,502
2,358
2,234
+6.1%
Gross profit
2,837
2,805
2,680
+1.1%
Gross margin
53.1%
54.3%
54.5%
Research and development
495
404
387
+22.5%
Selling, general and administrative
1,496
1,460
1,389
+2.5%
Operating income
846
941
904
-10.1%
Operating margin
15.8%
18.2%
18.4%
Interest expense
78.0
74.0
75.0
+5.4%
Pre-tax income
842
919
946
-8.4%
Income tax
123
-152
630
Effective tax rate
14.6%
-16.5%
66.6%
Net income
719
1,071
316
-32.9%
Net margin
13.5%
20.7%
6.4%
Diluted EPS
$2.30
$3.37
$0.97
-31.8%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
921
1,021
1,087
-9.8%
Capital expenditure
119
155
177
-23.2%
Free cash flow
802
866
910
-7.4%
Free cash flow margin
15.0%
16.8%
18.5%
Cash from investing
-147
-1,590
-704
Cash from financing
-717
-299
-797
Depreciation and amortisation
308
238
210
+29.4%
Share-based compensation
83.0
72.0
70.0
+15.3%
Buybacks
469
723
422
-35.1%
Dividends paid
222
206
191
+7.8%
Dividend per share
$0.72
$0.66
$0.60
+9.8%
Diluted shares, weighted
312m
318m
325m
-1.9%
Shares outstanding at period end
306m
309m
318m
-1.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
4,873
4,748
4,567
+2.6%
Non-controlling interest
n/a
0.0
4.0
Short-term borrowings
n/a
n/a
0.0
Debt
2,359
2,407
1,792
-2.0%
Operating lease liabilities
127
n/a
n/a
Other liabilities
2,268
2,297
2,178
-1.3%
Total liabilities and equity
9,627
9,452
8,541
+1.9%
Fixed assets
845
850
822
-0.6%
Goodwill
3,602
3,593
2,973
+0.3%
Intangible assets
831
1,107
491
-24.9%
Investments
158
102
68.0
+54.9%
Trading assets
30.0
30.0
30.0
0.0%
Cash and equivalents
1,441
1,382
2,247
+4.3%
Receivables
1,038
930
776
+11.6%
Inventory
720
679
638
+6.0%
Other assets
962
779
496
+23.5%
Total assets
9,627
9,452
8,541
+1.9%
10-K for the year ended 31 October 2020, filed 18 December 2020: the filing.