Addus HomeCare (ADUS) FY2019 results: revenue $649 million, up 25.6% on the year
Addus HomeCare Corp. (ADUS) reported revenue of $649 million for fiscal 2019, the year ended 31 December 2019, up 25.6% on the year before. Net income was $25 million, up 53.6%, and diluted earnings per share $1.77. The figures are the company's own, from the 10-K it filed with the SEC on 10 August 2020.
Revenue
$649 million
+25.6% on the year
FY2016FY2019
Operating margin
5.4%
4.4% a year earlier
FY2016FY2019
Net income
$25 million
+53.6% on the year
FY2016FY2019
Diluted EPS
$1.77
+33.1% on the year
FY2016FY2019
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
649
517
426
+25.6%
Cost of revenue
470
380
310
+23.6%
Gross profit
179
137
116
+31.0%
Gross margin
27.6%
26.5%
27.2%
Operating income
34.8
22.8
25.3
+52.2%
Operating margin
5.4%
4.4%
5.9%
Interest expense
3.1
5.0
4.5
-38.1%
Pre-tax income
33.2
20.4
21.1
+62.6%
Income tax
7.4
4.1
9.3
+79.7%
Effective tax rate
22.2%
20.1%
44.0%
Net income
25.2
16.4
12.0
+53.6%
Net margin
3.9%
3.2%
2.8%
Diluted EPS
$1.77
$1.33
$1.03
+33.1%
$ 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
12.0
33.2
52.8
-63.8%
Capital expenditure
4.6
5.3
3.6
-13.6%
Free cash flow
7.4
27.9
49.2
-73.4%
Free cash flow margin
1.1%
5.4%
11.5%
Cash from investing
-189
-67.8
-24.3
Cash from financing
218
51.2
17.2
+325.4%
Depreciation and amortisation
10.6
8.6
6.7
+22.4%
Share-based compensation
5.8
4.1
2.6
+40.3%
Diluted shares, weighted
14m
12m
12m
+15.1%
Shares outstanding at period end
16m
13m
12m
+19.0%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
476
268
170
+77.1%
Debt
59.9
17.3
43.0
+246.5%
Operating lease liabilities
14.3
n/a
n/a
Other liabilities
87.0
62.3
58.4
+39.5%
Total liabilities and equity
637
348
272
+82.9%
Fixed assets
12.2
10.7
7.5
+14.1%
Goodwill
275
135
90.3
+103.3%
Intangible assets
57.1
23.8
16.6
+140.0%
Cash and equivalents
112
70.4
53.8
+58.7%
Receivables
150
98.3
93.5
+52.2%
Other assets
30.8
9.5
10.0
+224.1%
Total assets
637
348
272
+82.9%
10-K for the year ended 31 December 2019, filed 10 August 2020: the filing.