Allison Transmission Holdings (ALSN) FY2019 results: revenue $2.7 billion, down 0.6% on the year
Allison Transmission Holdings Inc. (ALSN) reported revenue of $2.7 billion for fiscal 2019, the year ended 31 December 2019, down 0.6% on the year before. Net income was $604 million, down 5.5%, and diluted earnings per share $4.91. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$2.7 billion
-0.6% on the year
FY2012FY2019
Operating margin
33.1%
34.0% a year earlier
FY2012FY2019
Net income
$604 million
-5.5% on the year
FY2012FY2019
Diluted EPS
$4.91
+2.7% on the year
FY2012FY2019
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
2,698
2,713
2,262
-0.6%
Cost of revenue
1,304
1,291
1,131
+1.0%
Gross profit
1,394
1,422
1,131
-2.0%
Gross margin
51.7%
52.4%
50.0%
Research and development
154
131
105
+17.6%
Selling, general and administrative
356
368
342
-3.3%
Operating income
892
923
652
-3.4%
Operating margin
33.1%
34.0%
28.8%
Pre-tax income
768
805
527
-4.6%
Income tax
164
166
23.0
-1.2%
Effective tax rate
21.4%
20.6%
4.4%
Net income
604
639
504
-5.5%
Net margin
22.4%
23.6%
22.3%
Diluted EPS
$4.91
$4.78
$3.36
+2.7%
$ 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
847
837
658
+1.2%
Capital expenditure
172
100
91.0
+72.0%
Free cash flow
675
737
567
-8.4%
Free cash flow margin
25.0%
27.2%
25.1%
Cash from investing
-405
-103
-94.0
Cash from financing
-480
-700
-574
Depreciation and amortisation
167
164
170
+1.8%
Share-based compensation
13.0
13.0
12.0
0.0%
Buybacks
393
609
885
-35.5%
Dividends paid
73.0
80.0
89.0
-8.8%
Dividend per share
n/a
$0.60
$0.60
Diluted shares, weighted
123m
134m
150m
-8.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
781
659
689
+18.5%
Debt
2,544
2,548
2,576
-0.2%
Operating lease liabilities
18.0
n/a
n/a
Other liabilities
1,107
1,030
940
+7.5%
Total liabilities and equity
4,450
4,237
4,205
+5.0%
Fixed assets
616
466
448
+32.2%
Goodwill
2,041
1,941
1,941
+5.2%
Intangible assets
1,042
1,066
1,153
-2.3%
Cash and equivalents
192
231
199
-16.9%
Receivables
253
279
221
-9.3%
Inventory
199
170
154
+17.1%
Other assets
107
84.0
89.0
+27.4%
Total assets
4,450
4,237
4,205
+5.0%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.