Core Natural Resources (CNR) FY2019 results: revenue $1.4 billion, down 6.6% on the year
Core Natural Resources, Inc. (CNR) reported revenue of $1.4 billion for fiscal 2019, the year ended 31 December 2019, down 6.6% on the year before. Net income was $76 million, down 50.3%, and diluted earnings per share $2.81. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2020.
Revenue
$1.4 billion
-6.6% on the year
FY2015FY2019
Operating margin
6.9%
12.2% a year earlier
FY2015FY2019
Net income
$76 million
-50.3% on the year
FY2015FY2019
Diluted EPS
$2.81
-47.8% on the year
FY2015FY2019
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
1,431
1,532
1,412
-6.6%
Selling, general and administrative
67.1
65.3
83.6
+2.7%
Operating income
98.1
188
170
-47.7%
Operating margin
6.9%
12.2%
12.0%
Interest expense
66.5
83.8
26.1
-20.7%
Pre-tax income
98.1
188
n/a
-47.7%
Income tax
4.5
8.8
87.2
-48.6%
Effective tax rate
4.6%
4.7%
n/a
Net income
76.0
153
67.6
-50.3%
Net margin
5.3%
10.0%
4.8%
Diluted EPS
$2.81
$5.38
$2.40
-47.8%
$ 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
245
414
248
-40.9%
Capital expenditure
170
146
81.4
+16.5%
Free cash flow
74.8
268
167
-72.1%
Free cash flow margin
5.2%
17.5%
11.8%
Cash from investing
-173
-154
-56.8
Cash from financing
-257
-149
-50.6
Depreciation and amortisation
207
201
172
+2.9%
Share-based compensation
12.8
10.2
22.1
+24.7%
Buybacks
32.7
25.8
0.0
+26.7%
Diluted shares, weighted
27m
28m
28m
-4.7%
Shares outstanding at period end
26m
27m
28m
-5.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
435
410
204
+6.2%
Non-controlling interest
137
142
139
-3.2%
Debt
686
826
876
-17.0%
Operating lease liabilities
55.4
n/a
n/a
Finance lease liabilities
9.0
n/a
n/a
Other liabilities
1,371
1,383
1,487
-0.8%
Total liabilities and equity
2,694
2,761
2,707
-2.4%
Fixed assets
2,092
2,107
2,122
-0.7%
Cash and equivalents
80.3
236
154
-65.9%
Receivables
132
87.6
132
+50.3%
Inventory
54.1
48.6
53.4
+11.3%
Other assets
336
282
246
+18.9%
Total assets
2,694
2,761
2,707
-2.4%
10-K for the year ended 31 December 2019, filed 14 February 2020: the filing.