ACI Worldwide (ACIW) FY2020 results: revenue $1.3 billion, up 2.9% on the year
ACI Worldwide, Inc. (ACIW) reported revenue of $1.3 billion for fiscal 2020, the year ended 31 December 2020, up 2.9% on the year before. Net income was $73 million, up 8.3%, and diluted earnings per share $0.62. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$1.3 billion
+2.9% on the year
FY2013FY2020
Operating margin
11.2%
9.8% a year earlier
FY2013FY2020
Net income
$73 million
+8.3% on the year
FY2013FY2020
Diluted EPS
$0.62
+8.8% 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
1,294
1,258
1,010
+2.9%
Cost of revenue
622
617
430
+0.8%
Gross profit
672
641
579
+4.8%
Gross margin
51.9%
50.9%
57.4%
Operating income
145
124
126
+17.0%
Operating margin
11.2%
9.8%
12.5%
Interest expense
56.6
64.0
41.5
-11.6%
Pre-tax income
98.6
72.2
91.8
+36.6%
Income tax
26.0
5.1
22.9
+404.4%
Effective tax rate
26.3%
7.1%
24.9%
Net income
72.7
67.1
68.9
+8.3%
Net margin
5.6%
5.3%
6.8%
Diluted EPS
$0.62
$0.57
$0.59
+8.8%
$ 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
315
133
184
+137.5%
Capital expenditure
17.8
23.1
18.3
-22.9%
Free cash flow
297
110
166
+171.3%
Free cash flow margin
23.0%
8.7%
16.4%
Cash from investing
-30.7
-830
-45.4
Cash from financing
-160
667
-57.7
Depreciation and amortisation
140
123
97.3
+14.5%
Share-based compensation
29.6
36.8
20.4
-19.5%
Buybacks
28.9
35.6
54.5
-18.9%
Diluted shares, weighted
118m
119m
118m
-0.4%
Shares outstanding at period end
117m
116m
116m
+1.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,207
1,130
1,048
+6.8%
Debt
1,155
1,373
672
-15.9%
Operating lease liabilities
40.0
46.8
0.0
-14.6%
Other liabilities
985
708
402
+39.2%
Total liabilities and equity
3,387
3,258
2,122
+4.0%
Fixed assets
64.7
70.4
72.7
-8.0%
Goodwill
1,280
1,281
910
-0.0%
Intangible assets
322
357
168
-9.8%
Cash and equivalents
165
121
149
+36.2%
Receivables
168
151
348
+11.2%
Other assets
1,387
1,278
475
+8.6%
Total assets
3,387
3,258
2,122
+4.0%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.