Addus HomeCare (ADUS) FY2020 results: revenue $765 million, up 17.9% on the year
Addus HomeCare Corp. (ADUS) reported revenue of $765 million for fiscal 2020, the year ended 31 December 2020, up 17.9% on the year before. Net income was $33 million, up 31.3%, and diluted earnings per share $2.08. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$765 million
+17.9% on the year
FY2016FY2020
Operating margin
5.8%
5.4% a year earlier
FY2016FY2020
Net income
$33 million
+31.3% on the year
FY2016FY2020
Diluted EPS
$2.08
+17.5% on the year
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
765
649
517
+17.9%
Cost of revenue
539
470
380
+14.7%
Gross profit
226
179
137
+26.2%
Gross margin
29.6%
27.6%
26.5%
Operating income
44.5
34.8
22.8
+28.1%
Operating margin
5.8%
5.4%
4.4%
Interest expense
3.2
3.1
5.0
+2.7%
Pre-tax income
41.9
33.2
20.4
+26.4%
Income tax
8.8
7.4
4.1
+19.7%
Effective tax rate
21.0%
22.2%
20.1%
Net income
33.1
25.2
16.4
+31.3%
Net margin
4.3%
3.9%
3.2%
Diluted EPS
$2.08
$1.77
$1.33
+17.5%
$ 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
109
12.0
33.2
+810.3%
Capital expenditure
6.8
4.6
5.3
+47.8%
Free cash flow
103
7.4
27.9
+1,286.6%
Free cash flow margin
13.4%
1.1%
5.4%
Cash from investing
-214
-189
-67.8
Cash from financing
138
218
51.2
-36.6%
Depreciation and amortisation
12.1
10.6
8.6
+14.0%
Share-based compensation
6.0
5.8
4.1
+4.1%
Diluted shares, weighted
16m
14m
12m
+12.0%
Shares outstanding at period end
16m
16m
13m
0.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
519
476
268
+9.1%
Debt
195
59.9
17.3
+225.4%
Operating lease liabilities
35.5
14.3
n/a
+148.3%
Other liabilities
144
87.0
62.3
+65.0%
Total liabilities and equity
893
637
348
+40.2%
Fixed assets
19.7
12.2
10.7
+62.5%
Goodwill
469
275
135
+70.3%
Intangible assets
71.5
57.1
23.8
+25.4%
Cash and equivalents
145
112
70.4
+29.9%
Receivables
133
150
98.3
-11.4%
Other assets
54.5
30.8
9.5
+77.2%
Total assets
893
637
348
+40.2%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.