Alarm.com Holdings (ALRM) FY2020 results: revenue $618 million, up 23.0% on the year
Alarm.com Holdings, Inc. (ALRM) reported revenue of $618 million for fiscal 2020, the year ended 31 December 2020, up 23.0% on the year before. Net income was $78 million, up 45.4%, and diluted earnings per share $1.53. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$618 million
+23.0% on the year
FY2013FY2020
Operating margin
9.1%
10.0% a year earlier
FY2013FY2020
Net income
$78 million
+45.4% on the year
FY2013FY2020
Diluted EPS
$1.53
+44.3% on the year
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
618
502
420
+23.0%
Cost of revenue
227
184
146
+23.9%
Gross profit
391
319
275
+22.5%
Gross margin
63.2%
63.5%
65.3%
Research and development
152
114
89.2
+32.9%
Operating income
56.3
50.4
12.2
+11.7%
Operating margin
9.1%
10.0%
2.9%
Pre-tax income
80.2
58.9
11.7
+36.1%
Income tax
3.5
5.6
-9.8
-37.1%
Effective tax rate
4.4%
9.5%
-84.0%
Net income
77.9
53.5
21.5
+45.4%
Net margin
12.6%
10.7%
5.1%
Diluted EPS
$1.53
$1.06
$0.43
+44.3%
$ 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
102
47.1
60.7
+116.7%
Capital expenditure
16.1
19.3
11.0
-16.5%
Free cash flow
85.9
27.8
49.7
+209.3%
Free cash flow margin
13.9%
5.5%
11.8%
Cash from investing
-20.3
-73.4
-13.4
Cash from financing
52.0
-0.1
2.4
Depreciation and amortisation
27.5
22.1
21.7
+24.3%
Share-based compensation
29.2
20.6
13.4
+41.6%
Buybacks
5.1
0.0
0.0
Diluted shares, weighted
51m
50m
50m
+1.4%
Shares outstanding at period end
49m
49m
48m
+1.6%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
468
356
278
+31.5%
Redeemable equity
10.7
11.2
0.0
-4.6%
Debt
110
63.0
67.0
+74.6%
Operating lease liabilities
37.7
37.2
n/a
+1.3%
Other liabilities
106
90.7
96.4
+16.3%
Total liabilities and equity
732
558
441
+31.2%
Fixed assets
44.8
38.5
27.8
+16.2%
Goodwill
113
105
63.6
+7.5%
Intangible assets
103
103
79.1
-0.2%
Cash and equivalents
253
120
146
+111.9%
Receivables
83.3
76.4
49.5
+9.1%
Inventory
44.3
34.2
23.0
+29.6%
Other assets
89.7
80.7
52.0
+11.2%
Total assets
732
558
441
+31.2%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.