Peabody Energy (BTU) FY2020 results: revenue $2.9 billion, down 37.7% on the year
Peabody Energy Corp. (BTU) reported revenue of $2.9 billion for fiscal 2020, the year ended 31 December 2020, down 37.7% on the year before. Net income was -$1.9 billion, and diluted earnings per share $-19.14. The figures are the company's own, from the 10-K it filed with the SEC on 23 February 2021.
Revenue
$2.9 billion
-37.7% on the year
FY2012FY2020
Operating margin
-60.0%
1.3% a year earlier
FY2012FY2020
Net income
-$1.9 billion
FY2012FY2020
Diluted EPS
-$19.14
FY2012FY2020
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
2,881
4,623
5,582
-37.7%
Selling, general and administrative
99.5
145
158
-31.4%
Operating income
-1,728
61.7
662
Operating margin
-60.0%
1.3%
11.9%
Interest expense
140
144
151
-2.9%
Pre-tax income
-1,852
-142
664
Income tax
8.0
46.0
18.4
-82.6%
Effective tax rate
n/a
n/a
2.8%
Net income
-1,870
-211
544
Net margin
-64.9%
-4.6%
9.8%
Diluted EPS
-$19.14
-$2.04
$4.43
$ 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
-9.7
677
1,490
Capital expenditure
191
285
301
-32.9%
Free cash flow
-201
392
1,189
Free cash flow margin
-7.0%
8.5%
21.3%
Cash from investing
-207
-261
-517
Cash from financing
193
-701
-1,025
Depreciation and amortisation
346
601
679
-42.4%
Share-based compensation
13.5
38.3
34.9
-64.8%
Buybacks
0.0
330
835
Dividends paid
0.0
258
59.6
Dividend per share
n/a
$2.41
$0.48
Diluted shares, weighted
98m
104m
n/a
-5.8%
Shares outstanding at period end
98m
97m
110m
+0.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
930
2,614
3,396
-64.4%
Non-controlling interest
51.7
58.7
56.0
-11.9%
Debt
1,548
1,311
1,367
+18.1%
Operating lease liabilities
42.1
52.8
0.0
-20.3%
Finance lease liabilities
5.8
0.9
n/a
+544.4%
Other liabilities
2,090
2,506
2,605
-16.6%
Total liabilities and equity
4,667
6,543
7,424
-28.7%
Fixed assets
3,051
4,679
5,207
-34.8%
Intangible assets
n/a
40.7
n/a
Cash and equivalents
709
732
1,017
-3.1%
Receivables
245
330
450
-25.7%
Inventory
262
332
280
-21.1%
Other assets
400
430
469
-6.8%
Total assets
4,667
6,543
7,424
-28.7%
10-K for the year ended 31 December 2020, filed 23 February 2021: the filing.