Alkermes plc. (ALKS) FY2020 results: revenue $1.0 billion, down 11.3% on the year
Alkermes plc. (ALKS) reported revenue of $1.0 billion for fiscal 2020, the year ended 31 December 2020, down 11.3% on the year before. Net income was -$111 million, and diluted earnings per share $-0.70. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2021.
Revenue
$1.0 billion
-11.3% on the year
FY2013FY2020
Operating margin
-10.8%
-15.0% a year earlier
FY2013FY2020
Net income
-$111 million
FY2013FY2020
Diluted EPS
-$0.70
FY2013FY2020
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
1,039
1,171
1,094
-11.3%
Cost of revenue
178
180
176
-1.1%
Gross profit
860
991
918
-13.1%
Gross margin
82.8%
84.6%
83.9%
Research and development
395
513
425
-23.1%
Selling, general and administrative
539
599
526
-10.1%
Operating income
-112
-175
-99.1
Operating margin
-10.8%
-15.0%
-9.1%
Interest expense
8.7
13.6
15.4
-36.3%
Pre-tax income
-96.5
-197
-127
Income tax
14.3
-0.4
12.3
Net income
-111
-197
-139
Net margin
-10.7%
-16.8%
-12.7%
Diluted EPS
-$0.70
-$1.25
-$0.90
$ 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
82.8
72.1
99.3
+14.9%
Capital expenditure
42.2
90.9
69.4
-53.6%
Free cash flow
40.6
-18.9
29.9
Free cash flow margin
3.9%
-1.6%
2.7%
Cash from investing
-11.5
-142
-22.2
Cash from financing
-2.2
6.8
-1.6
Depreciation and amortisation
81.9
80.4
104
+1.8%
Share-based compensation
90.2
101
105
-10.7%
Diluted shares, weighted
159m
n/a
n/a
Shares outstanding at period end
159m
158m
156m
+0.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,067
1,085
1,171
-1.7%
Debt
275
277
279
-0.8%
Operating lease liabilities
119
5.3
n/a
+2,136.3%
Other liabilities
488
437
374
+11.6%
Total liabilities and equity
1,950
1,805
1,825
+8.0%
Fixed assets
350
362
310
-3.4%
Goodwill
92.9
92.9
92.9
0.0%
Intangible assets
111
151
191
-26.2%
Investments
387
411
353
-5.8%
Cash and equivalents
273
204
267
+34.0%
Receivables
275
257
292
+7.0%
Inventory
126
102
90.2
+23.5%
Other assets
335
226
229
+47.9%
Total assets
1,950
1,805
1,825
+8.0%
10-K for the year ended 31 December 2020, filed 11 February 2021: the filing.