Century Aluminum (CENX) FY2020 results: revenue $1.6 billion, down 12.6% on the year
Century Aluminum Co. (CENX) reported revenue of $1.6 billion for fiscal 2020, the year ended 31 December 2020, down 12.6% on the year before. Net income was -$123 million, and diluted earnings per share $-1.38. The figures are the company's own, from the 10-K it filed with the SEC on 4 March 2021.
Revenue
$1.6 billion
-12.6% on the year
FY2013FY2020
Operating margin
-5.0%
-3.9% a year earlier
FY2013FY2020
Net income
-$123 million
FY2013FY2020
Diluted EPS
-$1.38
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
1,605
1,837
1,893
-12.6%
Cost of revenue
1,642
1,860
1,916
-11.8%
Gross profit
-36.5
-23.9
-22.9
Gross margin
-2.3%
-1.3%
-1.2%
Selling, general and administrative
43.5
47.4
40.2
-8.2%
Operating income
-80.5
-72.1
-59.0
Operating margin
-5.0%
-3.9%
-3.1%
Interest expense
29.7
23.0
22.4
+29.1%
Pre-tax income
-126
-85.5
-70.6
Income tax
-3.1
-8.4
-0.2
Net income
-123
-80.8
-66.2
Net margin
-7.7%
-4.4%
-3.5%
Diluted EPS
-$1.38
-$0.91
-$0.76
$ 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
42.9
17.7
-69.1
+142.4%
Capital expenditure
13.4
59.6
83.0
-77.5%
Free cash flow
29.5
-41.9
-152
Free cash flow margin
1.8%
-2.3%
-8.0%
Cash from investing
-11.8
-38.8
-82.9
Cash from financing
13.5
21.1
23.7
-36.0%
Depreciation and amortisation
83.0
83.2
90.1
-0.2%
Share-based compensation
9.6
6.5
3.7
+47.7%
Diluted shares, weighted
90m
89m
n/a
+0.8%
Shares outstanding at period end
90m
89m
88m
+1.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
546
675
762
-19.1%
Debt
316
301
280
+5.0%
Operating lease liabilities
24.3
22.8
0.0
+6.6%
Other liabilities
513
501
496
+2.5%
Total liabilities and equity
1,400
1,500
1,538
-6.7%
Fixed assets
880
949
967
-7.2%
Cash and equivalents
81.6
38.9
38.9
+109.8%
Receivables
51.0
70.1
82.5
-27.2%
Inventory
291
321
344
-9.2%
Other assets
95.5
121
105
-21.0%
Total assets
1,400
1,500
1,538
-6.7%
10-K for the year ended 31 December 2020, filed 4 March 2021: the filing.