Aaon (AAON) FY2019 results: revenue $469 million, up 8.2% on the year
Aaon, Inc. (AAON) reported revenue of $469 million for fiscal 2019, the year ended 31 December 2019, up 8.2% on the year before. Net income was $54 million, up 26.9%, and diluted earnings per share $0.68. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$469 million
+8.2% on the year
FY2012FY2019
Operating margin
14.3%
12.8% a year earlier
FY2012FY2019
Net income
$54 million
+26.9% on the year
FY2012FY2019
Diluted EPS
$0.68
+27.5% 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
469
434
405
+8.2%
Cost of revenue
350
330
282
+5.9%
Gross profit
119
104
124
+15.3%
Gross margin
25.4%
23.9%
30.5%
Research and development
14.8
13.5
13.0
+9.6%
Selling, general and administrative
52.1
48.2
49.4
+8.1%
Operating income
67.0
55.4
74.1
+21.1%
Operating margin
14.3%
12.8%
18.3%
Pre-tax income
67.0
55.5
74.5
+20.8%
Income tax
13.3
13.2
20.8
+1.1%
Effective tax rate
19.9%
23.7%
27.9%
Net income
53.7
42.3
53.8
+26.9%
Net margin
11.4%
9.8%
13.3%
Diluted EPS
$0.68
$0.53
$0.67
+27.5%
$ 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
97.9
54.9
58.0
+78.5%
Capital expenditure
37.2
37.3
41.7
-0.3%
Free cash flow
60.8
17.6
16.3
+245.5%
Free cash flow margin
12.9%
4.1%
4.0%
Cash from investing
-37.0
-34.6
-31.1
Cash from financing
-18.5
-39.7
-29.6
Depreciation and amortisation
22.8
17.7
15.0
+28.9%
Share-based compensation
11.8
7.9
6.3
+50.1%
Dividends paid
16.6
16.7
13.7
-0.6%
Dividend per share
$0.21
$0.21
$0.17
0.0%
Diluted shares, weighted
79m
79m
80m
-0.1%
Shares outstanding at period end
78m
78m
79m
+0.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
290
249
239
+16.3%
Debt
6.3
0.0
n/a
Other liabilities
75.0
58.8
57.9
+27.6%
Total liabilities and equity
371
308
297
+20.5%
Fixed assets
178
163
142
+9.3%
Goodwill
3.2
3.2
0.0
0.0%
Intangible assets
0.3
0.5
0.0
-46.2%
Securities held for sale or to maturity
0.0
0.0
6.1
Cash and equivalents
26.8
2.0
21.5
+1,243.9%
Receivables
67.4
54.1
50.3
+24.6%
Inventory
73.6
77.6
70.8
-5.2%
Other assets
22.0
7.8
5.7
+183.4%
Total assets
371
308
297
+20.5%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.