Amcor (AMCR) FY2020 results: revenue $12.5 billion, up 31.8% on the year
Amcor plc (AMCR) reported revenue of $12.5 billion for fiscal 2020, the year ended 30 June 2020, up 31.8% on the year before. Net income was $612 million, up 42.3%, and diluted earnings per share $1.91. The figures are the company's own, from the 10-K it filed with the SEC on 27 August 2020.
Revenue
$12.5 billion
+31.8% on the year
FY2017FY2020
Operating margin
8.0%
8.4% a year earlier
FY2017FY2020
Net income
$612 million
+42.3% on the year
FY2017FY2020
Diluted EPS
$1.91
+6.1% on the year
FY2017FY2020
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
12,468
9,458
9,319
+31.8%
Cost of revenue
9,932
7,659
7,462
+29.7%
Gross profit
2,536
1,799
1,857
+40.9%
Gross margin
20.3%
19.0%
19.9%
Research and development
97.0
64.0
72.7
+51.6%
Selling, general and administrative
1,385
999
793
+38.6%
Operating income
994
792
994
+25.6%
Operating margin
8.0%
8.4%
10.7%
Interest expense
207
208
210
-0.5%
Pre-tax income
825
604
723
+36.6%
Income tax
187
172
119
+8.7%
Effective tax rate
22.6%
28.5%
16.4%
Net income
612
430
575
+42.3%
Net margin
4.9%
4.5%
6.2%
Diluted EPS
$1.91
$1.80
$2.45
+6.1%
$ 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
1,384
776
871
+78.4%
Capital expenditure
400
332
365
+20.3%
Free cash flow
985
444
506
+121.8%
Free cash flow margin
7.9%
4.7%
5.4%
Cash from investing
38.0
10.0
-242
+280.0%
Cash from financing
-1,236
-765
-543
Depreciation and amortisation
652
453
357
+43.8%
Share-based compensation
34.0
19.0
21.0
+78.9%
Buybacks
537
0.0
0.0
Dividends paid
761
680
527
+12.0%
Dividend per share
$2.33
$2.90
$2.25
-19.8%
Diluted shares, weighted
320m
237m
232m
+35.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
4,626
5,609
627
-17.5%
Non-controlling interest
61.0
65.7
68.8
-7.2%
Debt
6,234
6,103
4,848
+2.1%
Operating lease liabilities
466
0.0
n/a
Finance lease liabilities
31.0
n/a
n/a
Other liabilities
5,024
5,387
3,514
-6.7%
Total liabilities and equity
16,442
17,165
9,058
-4.2%
Fixed assets
3,615
3,975
2,698
-9.1%
Goodwill
5,339
5,156
2,057
+3.6%
Intangible assets
1,994
2,307
325
-13.5%
Cash and equivalents
743
602
621
+23.4%
Receivables
1,616
1,864
1,379
-13.3%
Inventory
1,832
1,954
1,359
-6.2%
Other assets
1,303
1,308
619
-0.3%
Total assets
16,442
17,165
9,058
-4.2%
10-K for the year ended 30 June 2020, filed 27 August 2020: the filing.