Peabody Energy (BTU) FY2019 results: revenue $4.6 billion, down 17.2% on the year
Peabody Energy Corp. (BTU) reported revenue of $4.6 billion for fiscal 2019, the year ended 31 December 2019, down 17.2% on the year before. Net income was -$211 million, and diluted earnings per share $-2.04. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$4.6 billion
-17.2% on the year
FY2011FY2019
Operating margin
1.3%
11.9% a year earlier
FY2011FY2019
Net income
-$211 million
FY2011FY2019
Diluted EPS
-$2.04
FY2011FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2016
On the year
Last 8 years
Revenue
4,623
5,582
4,715
-17.2%
Selling, general and administrative
145
158
153
-8.3%
Operating income
61.7
662
-277
-90.7%
Operating margin
1.3%
11.9%
-5.9%
Interest expense
144
151
299
-4.8%
Pre-tax income
-142
664
-758
Income tax
46.0
18.4
-94.5
+150.0%
Effective tax rate
n/a
2.8%
n/a
Net income
-211
544
-729
Net margin
-4.6%
9.8%
-15.5%
Diluted EPS
-$2.04
$4.43
-$39.87
$ 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
FY2016
On the year
Last 8 years
Operating cash flow
677
1,490
-52.8
-54.5%
Capital expenditure
285
301
127
-5.2%
Free cash flow
392
1,189
-179
-67.0%
Free cash flow margin
8.5%
21.3%
-3.8%
Cash from investing
-261
-517
-244
Cash from financing
-701
-1,025
908
Depreciation and amortisation
601
679
465
-11.5%
Share-based compensation
38.3
34.9
n/a
+9.7%
Buybacks
330
835
n/a
-60.5%
Dividends paid
258
59.6
0.0
+333.1%
Dividend per share
$2.41
$0.48
$0.00
+396.9%
Diluted shares, weighted
104m
n/a
18m
Shares outstanding at period end
97m
110m
18m
-12.2%
Balance sheet
$ million
FY2019
FY2018
FY2016
On the year
Last 8 years
Shareholders' equity
2,614
3,396
174
-23.0%
Non-controlling interest
58.7
56.0
7.6
+4.8%
Debt
1,311
1,367
20.2
-4.1%
Operating lease liabilities
52.8
0.0
n/a
Finance lease liabilities
0.9
n/a
n/a
Other liabilities
2,506
2,605
11,576
-3.8%
Total liabilities and equity
6,543
7,424
11,778
-11.9%
Fixed assets
4,679
5,207
8,777
-10.1%
Intangible assets
40.7
n/a
n/a
Cash and equivalents
732
1,017
872
-28.0%
Receivables
330
450
473
-26.8%
Inventory
332
280
204
+18.3%
Other assets
430
469
1,452
-8.3%
Total assets
6,543
7,424
11,778
-11.9%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.