Adient (ADNT) FY2019 results: revenue $16.5 billion, down 5.2% on the year
Adient plc (ADNT) reported revenue of $16.5 billion for fiscal 2019, the year ended 30 September 2019, down 5.2% on the year before. Net income was -$491 million, and diluted earnings per share $-5.25. The figures are the company's own, from the 10-K it filed with the SEC on 22 November 2019.
Revenue
$16.5 billion
-5.2% on the year
FY2015FY2019
Operating margin
n/a
FY2015FY2019
Net income
-$491 million
FY2015FY2019
Diluted EPS
-$5.25
FY2015FY2019
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
16,526
17,439
16,213
-5.2%
Cost of revenue
15,725
16,528
14,805
-4.9%
Gross profit
801
904
1,397
-11.4%
Gross margin
4.8%
5.2%
8.6%
Research and development
454
513
488
-11.5%
Selling, general and administrative
671
730
729
-8.1%
Interest expense
137
143
129
-4.2%
Pre-tax income
2.0
-1,121
1,061
Income tax
410
480
99.0
-14.6%
Effective tax rate
20500.0%
n/a
9.3%
Net income
-491
-1,685
877
Net margin
-3.0%
-9.7%
5.4%
Diluted EPS
-$5.25
-$18.06
$9.34
$ 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
308
679
746
-54.6%
Capital expenditure
468
536
577
-12.7%
Free cash flow
-160
143
169
Free cash flow margin
-1.0%
0.8%
1.0%
Cash from investing
-383
-487
-795
Cash from financing
303
-213
627
Depreciation and amortisation
318
447
358
-28.9%
Share-based compensation
20.0
47.0
45.0
-57.4%
Buybacks
0.0
0.0
40.0
Dividends paid
26.0
103
52.0
-74.8%
Dividend per share
$0.28
$0.82
$0.82
-66.7%
Diluted shares, weighted
94m
93m
94m
+0.3%
Shares outstanding at period end
94m
93m
93m
+0.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,848
2,392
4,279
-22.7%
Non-controlling interest
341
325
313
+4.9%
Short-term borrowings
n/a
6.0
n/a
Debt
3,738
3,422
3,478
+9.2%
Other liabilities
4,415
4,797
5,100
-8.0%
Total liabilities and equity
10,342
10,942
13,170
-5.5%
Fixed assets
1,671
1,683
2,502
-0.7%
Goodwill
2,150
2,182
2,515
-1.5%
Intangible assets
405
460
543
-12.0%
Cash and equivalents
924
687
709
+34.5%
Inventory
793
824
735
-3.8%
Other assets
4,399
5,106
6,166
-13.8%
Total assets
10,342
10,942
13,170
-5.5%
10-K for the year ended 30 September 2019, filed 22 November 2019: the filing.