Atmos Energy (ATO) FY2020 results: revenue $2.8 billion, down 2.8% on the year
Atmos Energy Corp. (ATO) reported revenue of $2.8 billion for fiscal 2020, the year ended 30 September 2020, down 2.8% on the year before. Net income was $601 million, up 17.6%, and diluted earnings per share $4.89. The figures are the company's own, from the 10-K it filed with the SEC on 13 November 2020.
Revenue
$2.8 billion
-2.8% on the year
FY2013FY2020
Operating margin
29.2%
25.7% a year earlier
FY2013FY2020
Net income
$601 million
+17.6% on the year
FY2013FY2020
Diluted EPS
$4.89
+12.4% 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
2,821
2,902
3,116
-2.8%
Cost of revenue
659
859
1,168
-23.3%
Gross profit
2,162
2,043
1,948
+5.8%
Gross margin
76.6%
70.4%
62.5%
Operating income
824
746
728
+10.5%
Operating margin
29.2%
25.7%
23.4%
Interest expense
84.5
103
107
-18.1%
Pre-tax income
747
650
611
+14.8%
Income tax
145
139
8.1
+4.6%
Effective tax rate
19.5%
21.4%
1.3%
Net income
601
511
603
+17.6%
Net margin
21.3%
17.6%
19.4%
Diluted EPS
$4.89
$4.35
$5.43
+12.4%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
1,038
969
1,125
+7.1%
Capital expenditure
1,936
1,693
1,468
+14.3%
Free cash flow
-898
-725
-343
Free cash flow margin
-31.8%
-25.0%
-11.0%
Cash from investing
-1,926
-1,684
-1,464
Cash from financing
884
726
326
+21.8%
Depreciation and amortisation
430
391
361
+9.8%
Share-based compensation
9.6
11.1
12.9
-13.8%
Dividends paid
282
246
215
+14.9%
Dividend per share
$2.30
$2.10
$1.94
+9.5%
Diluted shares, weighted
123m
117m
111m
+4.6%
Shares outstanding at period end
126m
119m
111m
+5.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
6,791
5,750
4,770
+18.1%
Short-term borrowings
0.0
n/a
n/a
Debt
4,532
3,994
3,644
+13.5%
Operating lease liabilities
201
n/a
n/a
Finance lease liabilities
8.5
n/a
n/a
Other liabilities
3,827
3,623
3,460
+5.6%
Total liabilities and equity
15,359
13,368
11,874
+14.9%
Goodwill
731
731
730
+0.1%
Cash and equivalents
20.8
24.6
13.8
-15.2%
Receivables
231
231
253
+0.0%
Other assets
14,376
12,382
10,877
+16.1%
Total assets
15,359
13,368
11,874
+14.9%
10-K for the year ended 30 September 2020, filed 13 November 2020: the filing.