Acadia Healthcare (ACHC) FY2020 results: revenue $2.1 billion, up 4.1% on the year
Acadia Healthcare Company, Inc. (ACHC) reported revenue of $2.1 billion for fiscal 2020, the year ended 31 December 2020, up 4.1% on the year before. Net income was -$672 million, and diluted earnings per share $-7.59. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$2.1 billion
+4.1% on the year
FY2016FY2020
Operating margin
8.8%
29.2% a year earlier
FY2016FY2020
Net income
-$672 million
FY2016FY2020
Diluted EPS
-$7.59
FY2016FY2020
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
2,090
2,008
1,905
+4.1%
Operating income
184
586
594
-68.6%
Operating margin
8.8%
29.2%
31.2%
Pre-tax income
184
78.4
67.4
+134.4%
Income tax
40.6
25.1
9.9
+61.9%
Effective tax rate
22.1%
32.0%
14.7%
Net income
-672
109
-176
Net margin
-32.2%
5.4%
-9.2%
Diluted EPS
-$7.59
$1.24
-$2.01
$ 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
659
333
414
+97.9%
Capital expenditure
225
233
253
-3.3%
Free cash flow
434
100
161
+332.9%
Free cash flow margin
20.8%
5.0%
8.4%
Cash from investing
-282
-201
-361
Cash from financing
-51.5
-61.6
-67.3
Depreciation and amortisation
95.3
87.9
80.3
+8.3%
Share-based compensation
22.5
17.3
22.0
+30.0%
Diluted shares, weighted
89m
88m
87m
+0.9%
Shares outstanding at period end
88m
88m
87m
+0.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,899
2,505
2,333
-24.2%
Redeemable equity
55.3
33.2
28.8
+66.9%
Debt
3,122
3,149
3,193
-0.8%
Operating lease liabilities
84.0
85.6
n/a
-1.9%
Finance lease liabilities
10.7
43.7
n/a
-75.4%
Other liabilities
1,327
1,062
617
+25.0%
Total liabilities and equity
6,499
6,879
6,173
-5.5%
Fixed assets
1,623
1,500
3,108
+8.2%
Goodwill
2,105
2,085
2,045
+1.0%
Intangible assets
68.5
68.8
89.0
-0.4%
Cash and equivalents
379
99.5
50.5
+280.5%
Receivables
274
289
318
-5.3%
Inventory
4.9
4.1
5.1
+19.0%
Other assets
2,046
2,833
557
-27.8%
Total assets
6,499
6,879
6,173
-5.5%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.