Arcbest (ARCB) FY2020 results: revenue $2.9 billion, down 1.6% on the year
Arcbest Corp. (ARCB) reported revenue of $2.9 billion for fiscal 2020, the year ended 31 December 2020, down 1.6% on the year before. Net income was $71 million, up 77.8%, and diluted earnings per share $2.69. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$2.9 billion
-1.6% on the year
FY2008FY2020
Operating margin
3.3%
2.1% a year earlier
FY2008FY2020
Net income
$71 million
+77.8% on the year
FY2008FY2020
Diluted EPS
$2.69
+78.1% on the year
FY2008FY2020
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
2,940
2,988
3,094
-1.6%
Research and development
25.6
n/a
n/a
Operating income
98.3
63.8
109
+54.1%
Operating margin
3.3%
2.1%
3.5%
Pre-tax income
92.5
51.5
84.4
+79.7%
Income tax
21.4
11.5
17.1
+86.3%
Effective tax rate
23.1%
22.3%
20.3%
Net income
71.1
40.0
67.3
+77.8%
Net margin
2.4%
1.3%
2.2%
Diluted EPS
$2.69
$1.51
$2.51
+78.1%
$ 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
206
170
255
+20.9%
Capital expenditure
43.2
91.0
44.0
-52.5%
Free cash flow
163
79.4
211
+104.9%
Free cash flow margin
5.5%
2.7%
6.8%
Cash from investing
7.5
-98.2
-95.0
Cash from financing
-111
-60.4
-91.0
Depreciation and amortisation
118
112
109
+5.3%
Share-based compensation
10.5
9.5
8.4
+10.0%
Buybacks
6.6
9.1
9.4
-27.6%
Dividends paid
8.2
8.2
8.2
-0.4%
Dividend per share
$0.32
$0.32
$0.32
0.0%
Diluted shares, weighted
26m
26m
27m
-0.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
829
763
718
+8.6%
Debt
284
324
292
-12.1%
Operating lease liabilities
97.8
52.3
n/a
+87.2%
Other liabilities
568
512
530
+10.9%
Total liabilities and equity
1,779
1,651
1,539
+7.7%
Fixed assets
679
684
631
-0.7%
Goodwill
88.3
88.3
108
0.0%
Intangible assets
55.0
58.8
68.9
-6.5%
Investments
65.4
117
107
-43.9%
Cash and equivalents
304
202
190
+50.5%
Receivables
321
283
297
+13.6%
Other assets
267
219
137
+21.6%
Total assets
1,779
1,651
1,539
+7.7%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.