Archrock (AROC) FY2020 results: revenue $875 million, down 9.4% on the year
Archrock, Inc. (AROC) reported revenue of $875 million for fiscal 2020, the year ended 31 December 2020, down 9.4% on the year before. Net income was -$68 million, and diluted earnings per share $-0.46. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2021.
Revenue
$875 million
-9.4% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
-$68 million
FY2013FY2020
Diluted EPS
-$0.46
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
875
965
904
-9.4%
Cost of revenue
377
456
464
-17.3%
Gross profit
498
509
440
-2.3%
Gross margin
56.9%
52.7%
48.7%
Selling, general and administrative
105
118
102
-10.7%
Interest expense
106
105
93.3
+1.0%
Pre-tax income
-86.0
58.5
35.3
Income tax
-17.5
-39.1
6.2
Effective tax rate
n/a
-67.0%
17.4%
Net income
-68.4
97.3
21.1
Net margin
-7.8%
10.1%
2.3%
Diluted EPS
-$0.46
$0.70
$0.19
$ 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
335
290
226
+15.6%
Capital expenditure
140
385
319
-63.6%
Free cash flow
195
-95.1
-93.2
Free cash flow margin
22.3%
-9.8%
-10.3%
Cash from investing
-85.0
-515
-285
Cash from financing
-253
222
54.0
Depreciation and amortisation
193
188
175
+2.7%
Share-based compensation
10.6
8.1
7.4
+30.2%
Buybacks
1.8
2.0
1.8
-10.1%
Dividends paid
88.8
78.5
58.3
+13.1%
Dividend per share
$0.58
$0.55
$0.50
+4.7%
Diluted shares, weighted
151m
138m
109m
+9.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
936
1,086
842
-13.9%
Non-controlling interest
n/a
n/a
0.0
Debt
1,689
1,843
1,540
-8.3%
Operating lease liabilities
16.9
16.1
n/a
+5.2%
Other liabilities
138
165
171
-16.3%
Total liabilities and equity
2,780
3,110
2,553
-10.6%
Fixed assets
2,390
2,559
2,171
-6.6%
Goodwill
n/a
101
0.0
Intangible assets
61.5
77.5
52.4
-20.6%
Cash and equivalents
1.1
3.7
5.6
-70.2%
Receivables
104
145
148
-27.9%
Inventory
63.7
74.5
76.3
-14.5%
Other assets
159
149
99.2
+6.6%
Total assets
2,780
3,110
2,553
-10.6%
10-K for the year ended 31 December 2020, filed 23 February 2021: the filing.