ADT (ADT) FY2020 results: revenue $5.3 billion, up 3.7% on the year
ADT Inc. (ADT) reported revenue of $5.3 billion for fiscal 2020, the year ended 31 December 2020, up 3.7% on the year before. Net income was -$632 million, and diluted earnings per share $-0.82. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$5.3 billion
+3.7% on the year
FY2016FY2020
Operating margin
0.8%
3.8% a year earlier
FY2016FY2020
Net income
-$632 million
FY2016FY2020
Diluted EPS
-$0.82
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
5,315
5,126
4,582
+3.7%
Selling, general and administrative
1,723
1,407
1,247
+22.5%
Operating income
40.6
196
278
-79.3%
Operating margin
0.8%
3.8%
6.1%
Interest expense
710
623
620
+14.0%
Pre-tax income
-779
-522
-633
Income tax
-147
-98.0
23.5
Net income
-632
-424
-609
Net margin
-11.9%
-8.3%
-13.3%
Diluted EPS
-$0.82
-$0.57
-$0.81
$ 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
1,367
1,873
1,788
-27.0%
Capital expenditure
157
159
127
-1.0%
Free cash flow
1,210
1,714
1,661
-29.4%
Free cash flow margin
22.8%
33.4%
36.2%
Cash from investing
-1,137
-978
-1,738
Cash from financing
-70.3
-1,214
193
Depreciation and amortisation
1,914
1,989
1,931
-3.8%
Share-based compensation
96.0
85.6
135
+12.1%
Buybacks
0.0
150
0.0
-100.0%
Dividends paid
109
565
79.4
-80.6%
Dividend per share
n/a
$0.84
$0.14
Diluted shares, weighted
760m
747m
748m
+1.8%
Shares outstanding at period end
771m
754m
767m
+2.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,039
3,184
4,225
-4.6%
Debt
9,705
9,692
10,002
+0.1%
Operating lease liabilities
116
100.0
n/a
+15.7%
Finance lease liabilities
34.4
47.8
n/a
-28.1%
Other liabilities
3,223
3,059
2,982
+5.4%
Total liabilities and equity
16,117
16,084
17,209
+0.2%
Fixed assets
326
329
327
-0.9%
Goodwill
5,236
4,960
5,082
+5.6%
Intangible assets
5,907
6,670
7,488
-11.4%
Cash and equivalents
205
48.7
363
+320.6%
Receivables
336
287
246
+17.0%
Other assets
4,107
3,790
3,703
+8.4%
Total assets
16,117
16,084
17,209
+0.2%
10-K for the year ended 31 December 2020, filed 1 March 2022: the filing.