Archrock (AROC) FY2019 results: revenue $965 million, up 6.7% on the year
Archrock, Inc. (AROC) reported revenue of $965 million for fiscal 2019, the year ended 31 December 2019, up 6.7% on the year before. Net income was $97 million, up 362.1%, and diluted earnings per share $0.70. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$965 million
+6.7% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$97 million
+362.1% on the year
FY2012FY2019
Diluted EPS
$0.70
+268.4% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
965
904
795
+6.7%
Cost of revenue
456
464
419
-1.8%
Gross profit
509
440
376
+15.7%
Gross margin
52.7%
48.7%
47.3%
Selling, general and administrative
118
102
111
+15.9%
Interest expense
105
93.3
88.8
+12.2%
Pre-tax income
58.5
35.3
-42.6
+65.6%
Income tax
-39.1
6.2
-61.1
Effective tax rate
-67.0%
17.4%
n/a
Net income
97.3
21.1
19.0
+362.1%
Net margin
10.1%
2.3%
2.4%
Diluted EPS
$0.70
$0.19
$0.26
+268.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
290
226
202
+28.4%
Capital expenditure
385
319
222
+20.7%
Free cash flow
-95.1
-93.2
-19.8
Free cash flow margin
-9.8%
-10.3%
-2.5%
Cash from investing
-515
-285
-175
Cash from financing
222
54.0
-19.8
+311.6%
Depreciation and amortisation
188
175
189
+7.5%
Share-based compensation
8.1
7.4
8.5
+9.7%
Buybacks
2.0
1.8
2.8
+14.1%
Dividends paid
78.5
58.3
34.1
+34.7%
Dividend per share
$0.55
$0.50
$0.48
+9.9%
Diluted shares, weighted
138m
109m
70m
+25.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,086
842
777
+29.0%
Non-controlling interest
n/a
0.0
-41.4
Debt
1,843
1,540
1,430
+19.7%
Operating lease liabilities
16.1
n/a
n/a
Other liabilities
165
171
242
-3.5%
Total liabilities and equity
3,110
2,553
2,408
+21.8%
Fixed assets
2,559
2,171
2,077
+17.9%
Goodwill
101
0.0
n/a
Intangible assets
77.5
52.4
68.9
+47.9%
Cash and equivalents
3.7
5.6
10.5
-34.3%
Receivables
145
148
113
-2.1%
Inventory
74.5
76.3
90.7
-2.4%
Other assets
149
99.2
47.6
+50.7%
Total assets
3,110
2,553
2,408
+21.8%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.