Alkermes plc. (ALKS) FY2019 results: revenue $1.2 billion, up 7.0% on the year
Alkermes plc. (ALKS) reported revenue of $1.2 billion for fiscal 2019, the year ended 31 December 2019, up 7.0% on the year before. Net income was -$197 million, and diluted earnings per share $-1.25. The figures are the company's own, from the 10-K it filed with the SEC on 13 February 2020.
Revenue
$1.2 billion
+7.0% on the year
FY2013FY2019
Operating margin
-15.0%
-9.1% a year earlier
FY2013FY2019
Net income
-$197 million
FY2013FY2019
Diluted EPS
-$1.25
FY2013FY2019
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
1,171
1,094
903
+7.0%
Cost of revenue
180
176
155
+2.2%
Gross profit
991
918
749
+7.9%
Gross margin
84.6%
83.9%
82.9%
Research and development
513
425
413
+20.6%
Selling, general and administrative
599
526
422
+13.9%
Operating income
-175
-99.1
-148
Operating margin
-15.0%
-9.1%
-16.4%
Interest expense
13.6
15.4
12.0
-11.9%
Pre-tax income
-197
-127
-143
Income tax
-0.4
12.3
14.7
Net income
-197
-139
-158
Net margin
-16.8%
-12.7%
-17.5%
Diluted EPS
-$1.25
-$0.90
-$1.03
$ 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
72.1
99.3
19.2
-27.4%
Capital expenditure
90.9
69.4
51.3
+31.0%
Free cash flow
-18.9
29.9
-32.1
Free cash flow margin
-1.6%
2.7%
-3.6%
Cash from investing
-142
-22.2
-18.4
Cash from financing
6.8
-1.6
4.1
Depreciation and amortisation
80.4
104
98.5
-22.4%
Share-based compensation
101
105
83.9
-4.2%
Shares outstanding at period end
158m
156m
154m
+1.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,085
1,171
1,203
-7.3%
Debt
277
279
281
-0.8%
Operating lease liabilities
5.3
n/a
n/a
Other liabilities
437
374
313
+16.8%
Total liabilities and equity
1,805
1,825
1,797
-1.1%
Fixed assets
362
310
285
+16.8%
Goodwill
92.9
92.9
92.9
0.0%
Intangible assets
151
191
256
-21.1%
Investments
411
353
399
+16.2%
Cash and equivalents
204
267
191
-23.6%
Receivables
257
292
234
-12.0%
Inventory
102
90.2
93.3
+12.9%
Other assets
226
229
246
-1.0%
Total assets
1,805
1,825
1,797
-1.1%
10-K for the year ended 31 December 2019, filed 13 February 2020: the filing.