Allison Transmission Holdings (ALSN) FY2020 results: revenue $2.1 billion, down 22.9% on the year
Allison Transmission Holdings Inc. (ALSN) reported revenue of $2.1 billion for fiscal 2020, the year ended 31 December 2020, down 22.9% on the year before. Net income was $299 million, down 50.5%, and diluted earnings per share $2.62. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2021.
Revenue
$2.1 billion
-22.9% on the year
FY2013FY2020
Operating margin
25.7%
33.1% a year earlier
FY2013FY2020
Net income
$299 million
-50.5% on the year
FY2013FY2020
Diluted EPS
$2.62
-46.6% 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
2,081
2,698
2,713
-22.9%
Cost of revenue
1,083
1,304
1,291
-16.9%
Gross profit
998
1,394
1,422
-28.4%
Gross margin
48.0%
51.7%
52.4%
Research and development
147
154
131
-4.5%
Selling, general and administrative
317
356
368
-11.0%
Operating income
534
892
923
-40.1%
Operating margin
25.7%
33.1%
34.0%
Pre-tax income
393
768
805
-48.8%
Income tax
94.0
164
166
-42.7%
Effective tax rate
23.9%
21.4%
20.6%
Net income
299
604
639
-50.5%
Net margin
14.4%
22.4%
23.6%
Diluted EPS
$2.62
$4.91
$4.78
-46.6%
$ 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
561
847
837
-33.8%
Capital expenditure
115
172
100
-33.1%
Free cash flow
446
675
737
-33.9%
Free cash flow margin
21.4%
25.0%
27.2%
Cash from investing
-111
-405
-103
Cash from financing
-335
-480
-700
Depreciation and amortisation
148
167
164
-11.4%
Share-based compensation
17.0
13.0
13.0
+30.8%
Buybacks
225
393
609
-42.7%
Dividends paid
78.0
73.0
80.0
+6.8%
Dividend per share
n/a
n/a
$0.60
Diluted shares, weighted
114m
123m
134m
-7.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
756
781
659
-3.2%
Debt
2,538
2,544
2,548
-0.2%
Operating lease liabilities
17.0
18.0
n/a
-5.6%
Other liabilities
1,166
1,107
1,030
+5.3%
Total liabilities and equity
4,477
4,450
4,237
+0.6%
Fixed assets
638
616
466
+3.6%
Goodwill
2,064
2,041
1,941
+1.1%
Intangible assets
963
1,042
1,066
-7.6%
Investments
0.0
n/a
n/a
Cash and equivalents
310
192
231
+61.5%
Receivables
228
253
279
-9.9%
Inventory
181
199
170
-9.0%
Other assets
93.0
107
84.0
-13.1%
Total assets
4,477
4,450
4,237
+0.6%
10-K for the year ended 31 December 2020, filed 18 February 2021: the filing.