Andersons (ANDE) FY2020 results: revenue $8.1 billion, up 0.8% on the year
Andersons, Inc. (ANDE) reported revenue of $8.1 billion for fiscal 2020, the year ended 31 December 2020, up 0.8% on the year before. Net income was $8 million, down 57.9%, and diluted earnings per share $0.23. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$8.1 billion
+0.8% on the year
FY2013FY2020
Operating margin
n/a
0.3% a year earlier
FY2013FY2020
Net income
$8 million
-57.9% on the year
FY2013FY2020
Diluted EPS
$0.23
-58.2% 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
8,065
8,003
3,045
+0.8%
Cost of revenue
7,698
7,542
2,743
+2.1%
Gross profit
366
461
302
-20.5%
Gross margin
4.5%
5.8%
9.9%
Operating income
n/a
23.9
44.1
Operating margin
n/a
0.3%
1.4%
Pre-tax income
-27.1
13.0
53.2
Income tax
-10.9
9.1
11.9
Effective tax rate
n/a
70.2%
22.4%
Net income
7.7
18.3
41.5
-57.9%
Net margin
0.1%
0.2%
1.4%
Diluted EPS
$0.23
$0.55
$1.46
-58.2%
$ 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
-74.4
349
-35.5
Capital expenditure
77.1
165
143
-53.3%
Free cash flow
-152
183
-178
Free cash flow margin
-1.9%
2.3%
-5.8%
Cash from investing
-86.8
-325
-186
Cash from financing
136
8.7
209
+1,465.4%
Depreciation and amortisation
189
146
90.3
+29.1%
Share-based compensation
10.2
16.2
6.6
-37.3%
Buybacks
0.0
n/a
n/a
Dividends paid
23.0
22.1
18.6
+4.0%
Dividend per share
$0.70
$0.69
$0.67
+2.2%
Diluted shares, weighted
33m
33m
28m
+0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
962
974
830
-1.2%
Non-controlling interest
199
222
46.4
-10.5%
Debt
1,360
1,226
723
+10.9%
Operating lease liabilities
19.8
51.1
0.0
-61.2%
Finance lease liabilities
22.5
21.5
0.0
+4.7%
Other liabilities
1,710
1,406
792
+21.6%
Total liabilities and equity
4,272
3,901
2,392
+9.5%
Fixed assets
860
938
477
-8.3%
Goodwill
132
131
1.9
+0.3%
Intangible assets
140
175
99.1
-20.1%
Cash and equivalents
29.1
54.9
22.6
-46.9%
Inventory
1,293
1,171
691
+10.5%
Other assets
1,818
1,430
1,101
+27.1%
Total assets
4,272
3,901
2,392
+9.5%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.