Amphenol (APH) FY2020 results: revenue $8.6 billion, up 4.5% on the year
Amphenol Corp. (APH) reported revenue of $8.6 billion for fiscal 2020, the year ended 31 December 2020, up 4.5% on the year before. Net income was $1.2 billion, up 4.2%, and diluted earnings per share $0.49. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2021.
Revenue
$8.6 billion
+4.5% on the year
FY2013FY2020
Operating margin
19.1%
19.7% a year earlier
FY2013FY2020
Net income
$1.2 billion
+4.2% on the year
FY2013FY2020
Diluted EPS
$0.49
+4.3% 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
8,599
8,225
8,202
+4.5%
Cost of revenue
5,935
5,609
5,547
+5.8%
Gross profit
2,664
2,616
2,655
+1.8%
Gross margin
31.0%
31.8%
32.4%
Research and development
261
234
221
+11.3%
Selling, general and administrative
1,014
971
960
+4.4%
Operating income
1,638
1,619
1,687
+1.2%
Operating margin
19.1%
19.7%
20.6%
Interest expense
115
118
102
-1.9%
Pre-tax income
1,527
1,496
1,588
+2.1%
Income tax
313
332
372
-5.6%
Effective tax rate
20.5%
22.2%
23.4%
Net income
1,203
1,155
1,205
+4.2%
Net margin
14.0%
14.0%
14.7%
Diluted EPS
$0.49
$0.47
$0.48
+4.3%
$ 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
1,592
1,502
1,113
+6.0%
Capital expenditure
277
295
311
-6.2%
Free cash flow
1,315
1,207
802
+8.9%
Free cash flow margin
15.3%
14.7%
9.8%
Cash from investing
-334
-1,229
-442
Cash from financing
-517
-648
-1,070
Depreciation and amortisation
308
312
300
-1.3%
Share-based compensation
70.5
63.0
55.6
+11.9%
Buybacks
641
602
935
+6.6%
Dividends paid
298
280
254
+6.5%
Dividend per share
$0.13
$0.12
$0.11
+8.3%
Diluted shares, weighted
2,460m
2,463m
2,501m
-0.1%
Shares outstanding at period end
2,394m
2,383m
2,388m
+0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
5,385
4,530
4,017
+18.9%
Non-controlling interest
67.0
65.9
47.2
+1.7%
Redeemable equity
0.0
n/a
n/a
Debt
3,866
3,607
3,571
+7.2%
Operating lease liabilities
161
145
n/a
+10.8%
Other liabilities
2,848
2,467
2,410
+15.4%
Total liabilities and equity
12,327
10,816
10,045
+14.0%
Fixed assets
1,055
999
876
+5.6%
Goodwill
5,032
4,867
4,103
+3.4%
Intangible assets
398
442
398
-10.1%
Investments
36.1
17.4
12.4
+107.5%
Cash and equivalents
1,702
891
1,279
+91.0%
Receivables
1,952
1,736
1,792
+12.4%
Inventory
1,462
1,310
1,234
+11.6%
Other assets
691
552
351
+25.1%
Total assets
12,327
10,816
10,045
+14.0%
10-K for the year ended 31 December 2020, filed 10 February 2021: the filing.