Core Natural Resources (CNR) FY2020 results: revenue $1.0 billion, down 28.6% on the year
Core Natural Resources, Inc. (CNR) reported revenue of $1.0 billion for fiscal 2020, the year ended 31 December 2020, down 28.6% on the year before. Net income was -$10 million, and diluted earnings per share $-0.37. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2021.
Revenue
$1.0 billion
-28.6% on the year
FY2015FY2020
Operating margin
-0.9%
6.9% a year earlier
FY2015FY2020
Net income
-$10 million
FY2015FY2020
Diluted EPS
-$0.37
FY2015FY2020
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
1,022
1,431
1,532
-28.6%
Selling, general and administrative
72.1
67.1
65.3
+7.4%
Operating income
-9.2
98.1
188
Operating margin
-0.9%
6.9%
12.2%
Interest expense
61.2
66.5
83.8
-7.9%
Pre-tax income
-9.2
98.1
188
Income tax
4.0
4.5
8.8
-12.5%
Effective tax rate
n/a
4.6%
4.7%
Net income
-9.8
76.0
153
Net margin
-1.0%
5.3%
10.0%
Diluted EPS
-$0.37
$2.81
$5.38
$ 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
129
245
414
-47.1%
Capital expenditure
86.0
170
146
-49.3%
Free cash flow
43.3
74.8
268
-42.1%
Free cash flow margin
4.2%
5.2%
17.5%
Cash from investing
-76.3
-173
-154
Cash from financing
-82.4
-257
-149
Depreciation and amortisation
211
207
201
+1.8%
Share-based compensation
11.6
12.8
10.2
-9.3%
Buybacks
0.0
32.7
25.8
Dividends paid
0.0
n/a
n/a
Dividend per share
$0.00
n/a
n/a
Diluted shares, weighted
26m
27m
28m
-3.7%
Shares outstanding at period end
34m
26m
27m
+31.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
554
435
410
+27.2%
Non-controlling interest
0.0
137
142
Debt
657
686
826
-4.2%
Operating lease liabilities
35.7
55.4
n/a
-35.7%
Finance lease liabilities
36.2
9.0
n/a
+300.7%
Other liabilities
1,241
1,371
1,383
-9.5%
Total liabilities and equity
2,523
2,694
2,761
-6.3%
Fixed assets
2,049
2,092
2,107
-2.1%
Cash and equivalents
50.9
80.3
236
-36.7%
Receivables
118
132
87.6
-10.2%
Inventory
56.2
54.1
48.6
+3.8%
Other assets
249
336
282
-25.8%
Total assets
2,523
2,694
2,761
-6.3%
10-K for the year ended 31 December 2020, filed 12 February 2021: the filing.