Alarm.com Holdings (ALRM) FY2019 results: revenue $502 million, up 19.5% on the year
Alarm.com Holdings, Inc. (ALRM) reported revenue of $502 million for fiscal 2019, the year ended 31 December 2019, up 19.5% on the year before. Net income was $54 million, up 148.7%, and diluted earnings per share $1.06. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2020.
Revenue
$502 million
+19.5% on the year
FY2013FY2019
Operating margin
10.0%
2.9% a year earlier
FY2013FY2019
Net income
$54 million
+148.7% on the year
FY2013FY2019
Diluted EPS
$1.06
+146.5% on the year
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
502
420
339
+19.5%
Cost of revenue
184
146
116
+26.0%
Gross profit
319
275
223
+16.0%
Gross margin
63.5%
65.3%
65.7%
Research and development
114
89.2
72.8
+28.3%
Operating income
50.4
12.2
33.4
+313.2%
Operating margin
10.0%
2.9%
9.8%
Pre-tax income
58.9
11.7
32.2
+403.4%
Income tax
5.6
-9.8
3.0
Effective tax rate
9.5%
-84.0%
9.3%
Net income
53.5
21.5
29.3
+148.7%
Net margin
10.7%
5.1%
8.6%
Diluted EPS
$1.06
$0.43
$0.59
+146.5%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
47.1
60.7
57.2
-22.4%
Capital expenditure
19.3
11.0
10.5
+75.4%
Free cash flow
27.8
49.7
46.7
-44.1%
Free cash flow margin
5.5%
11.8%
13.8%
Cash from investing
-73.4
-13.4
-169
Cash from financing
-0.1
2.4
67.3
Depreciation and amortisation
22.1
21.7
17.7
+1.9%
Share-based compensation
20.6
13.4
7.4
+53.4%
Buybacks
0.0
0.0
0.0
Dividends paid
n/a
n/a
0.0
Dividend per share
n/a
n/a
$0.00
Diluted shares, weighted
50m
50m
49m
+1.2%
Shares outstanding at period end
49m
48m
47m
+1.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
356
278
233
+28.1%
Redeemable equity
11.2
0.0
0.0
Debt
63.0
67.0
71.0
-6.0%
Operating lease liabilities
37.2
n/a
n/a
Other liabilities
90.7
96.4
67.8
-5.9%
Total liabilities and equity
558
441
372
+26.5%
Fixed assets
38.5
27.8
23.5
+38.9%
Goodwill
105
63.6
63.6
+65.1%
Intangible assets
103
79.1
94.3
+30.8%
Cash and equivalents
120
146
96.3
-18.1%
Receivables
76.4
49.5
40.6
+54.3%
Inventory
34.2
23.0
14.2
+48.6%
Other assets
80.7
52.0
39.2
+55.1%
Total assets
558
441
372
+26.5%
10-K for the year ended 31 December 2019, filed 26 February 2020: the filing.