Atmos Energy (ATO) FY2019 results: revenue $2.9 billion, down 6.9% on the year
Atmos Energy Corp. (ATO) reported revenue of $2.9 billion for fiscal 2019, the year ended 30 September 2019, down 6.9% on the year before. Net income was $511 million, down 15.2%, and diluted earnings per share $4.35. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2019.
Revenue
$2.9 billion
-6.9% on the year
FY2012FY2019
Operating margin
25.7%
23.4% a year earlier
FY2012FY2019
Net income
$511 million
-15.2% on the year
FY2012FY2019
Diluted EPS
$4.35
-19.9% 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
2,902
3,116
2,760
-6.9%
Cost of revenue
859
1,168
n/a
-26.5%
Gross profit
2,043
1,948
n/a
+4.9%
Gross margin
70.4%
62.5%
n/a
Operating income
746
728
736
+2.5%
Operating margin
25.7%
23.4%
26.7%
Interest expense
103
107
120
-3.3%
Pre-tax income
650
611
604
+6.4%
Income tax
139
8.1
221
+1,619.1%
Effective tax rate
21.4%
1.3%
36.6%
Net income
511
603
396
-15.2%
Net margin
17.6%
19.4%
14.4%
Diluted EPS
$4.35
$5.43
$3.73
-19.9%
$ 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
969
1,125
867
-13.9%
Capital expenditure
1,693
1,468
1,137
+15.4%
Free cash flow
-725
-343
-270
Free cash flow margin
-25.0%
-11.0%
-9.8%
Cash from investing
-1,684
-1,464
-1,056
Cash from financing
726
326
168
+122.4%
Depreciation and amortisation
391
361
320
+8.4%
Share-based compensation
11.1
12.9
14.1
-13.5%
Dividends paid
246
215
192
+14.3%
Dividend per share
$2.10
$1.94
$1.80
+8.2%
Diluted shares, weighted
117m
111m
106m
+5.8%
Shares outstanding at period end
119m
111m
106m
+7.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
5,750
4,770
3,899
+20.6%
Debt
3,994
3,644
3,515
+9.6%
Other liabilities
3,623
3,460
3,336
+4.7%
Total liabilities and equity
13,368
11,874
10,750
+12.6%
Goodwill
731
730
730
+0.0%
Cash and equivalents
24.6
13.8
26.4
+78.3%
Receivables
231
253
222
-9.0%
Other assets
12,382
10,877
9,771
+13.8%
Total assets
13,368
11,874
10,750
+12.6%
10-K for the year ended 30 September 2019, filed 12 November 2019: the filing.