Adient (ADNT) FY2020 results: revenue $12.7 billion, down 23.3% on the year
Adient plc (ADNT) reported revenue of $12.7 billion for fiscal 2020, the year ended 30 September 2020, down 23.3% on the year before. Net income was -$547 million, and diluted earnings per share $-5.83. The figures are the company's own, from the 10-K it filed with the SEC on 30 November 2020.
Revenue
$12.7 billion
-23.3% on the year
FY2015FY2020
Operating margin
n/a
FY2015FY2020
Net income
-$547 million
FY2015FY2020
Diluted EPS
-$5.83
FY2015FY2020
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
12,670
16,526
17,439
-23.3%
Cost of revenue
12,078
15,725
16,528
-23.2%
Gross profit
592
801
904
-26.1%
Gross margin
4.7%
4.8%
5.2%
Research and development
370
454
513
-18.5%
Selling, general and administrative
558
671
730
-16.8%
Interest expense
203
137
143
+48.2%
Pre-tax income
-429
2.0
-1,121
Income tax
57.0
410
480
-86.1%
Effective tax rate
n/a
20500.0%
n/a
Net income
-547
-491
-1,685
Net margin
-4.3%
-3.0%
-9.7%
Diluted EPS
-$5.83
-$5.25
-$18.06
$ 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
246
308
679
-20.1%
Capital expenditure
326
468
536
-30.3%
Free cash flow
-80.0
-160
143
Free cash flow margin
-0.6%
-1.0%
0.8%
Cash from investing
166
-383
-487
Cash from financing
393
303
-213
+29.7%
Depreciation and amortisation
332
318
447
+4.4%
Share-based compensation
15.0
20.0
47.0
-25.0%
Buybacks
n/a
0.0
0.0
Dividends paid
0.0
26.0
103
Dividend per share
$0.28
$0.28
$0.82
0.0%
Diluted shares, weighted
94m
94m
93m
+0.2%
Shares outstanding at period end
94m
94m
93m
+0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,213
1,848
2,392
-34.4%
Non-controlling interest
322
341
325
-5.6%
Short-term borrowings
n/a
n/a
6.0
Debt
4,307
3,738
3,422
+15.2%
Operating lease liabilities
244
n/a
n/a
Finance lease liabilities
0.0
n/a
n/a
Other liabilities
4,175
4,415
4,797
-5.4%
Total liabilities and equity
10,261
10,342
10,942
-0.8%
Fixed assets
1,581
1,671
1,683
-5.4%
Goodwill
2,057
2,150
2,182
-4.3%
Intangible assets
443
405
460
+9.4%
Cash and equivalents
1,692
924
687
+83.1%
Inventory
685
793
824
-13.6%
Other assets
3,803
4,399
5,106
-13.5%
Total assets
10,261
10,342
10,942
-0.8%
10-K for the year ended 30 September 2020, filed 30 November 2020: the filing.