Century Aluminum (CENX) FY2019 results: revenue $1.8 billion, down 3.0% on the year
Century Aluminum Co. (CENX) reported revenue of $1.8 billion for fiscal 2019, the year ended 31 December 2019, down 3.0% on the year before. Net income was -$81 million, and diluted earnings per share $-0.91. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$1.8 billion
-3.0% on the year
FY2012FY2019
Operating margin
-3.9%
-3.1% a year earlier
FY2012FY2019
Net income
-$81 million
FY2012FY2019
Diluted EPS
-$0.91
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
1,837
1,893
1,589
-3.0%
Cost of revenue
1,860
1,916
1,458
-2.9%
Gross profit
-23.9
-22.9
131
Gross margin
-1.3%
-1.2%
8.3%
Selling, general and administrative
47.4
40.2
44.8
+17.9%
Operating income
-72.1
-59.0
97.2
Operating margin
-3.9%
-3.1%
6.1%
Interest expense
23.0
22.4
22.2
+2.7%
Pre-tax income
-85.5
-70.6
55.4
Income tax
-8.4
-0.2
7.6
Effective tax rate
n/a
n/a
13.7%
Net income
-80.8
-66.2
48.6
Net margin
-4.4%
-3.5%
3.1%
Diluted EPS
-$0.91
-$0.76
$0.51
$ 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
17.7
-69.1
51.5
Capital expenditure
59.6
83.0
31.8
-28.2%
Free cash flow
-41.9
-152
19.7
Free cash flow margin
-2.3%
-8.0%
1.2%
Cash from investing
-38.8
-82.9
-17.4
Cash from financing
21.1
23.7
0.4
-11.0%
Depreciation and amortisation
83.2
90.1
84.2
-7.7%
Share-based compensation
6.5
3.7
1.9
+75.7%
Buybacks
n/a
n/a
0.0
Diluted shares, weighted
89m
n/a
88m
Shares outstanding at period end
89m
88m
88m
+1.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
675
762
830
-11.4%
Debt
301
280
256
+7.6%
Operating lease liabilities
22.8
0.0
n/a
Other liabilities
501
496
496
+1.1%
Total liabilities and equity
1,500
1,538
1,582
-2.5%
Fixed assets
949
967
972
-1.9%
Cash and equivalents
38.9
38.9
167
0.0%
Receivables
70.1
82.5
43.1
-15.0%
Inventory
321
344
317
-6.7%
Other assets
121
105
82.0
+15.1%
Total assets
1,500
1,538
1,582
-2.5%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.