Coherent (COHR) FY2020 results: revenue $2.4 billion, up 74.7% on the year
Coherent Corp. (COHR) reported revenue of $2.4 billion for fiscal 2020, the year ended 30 June 2020, up 74.7% on the year before. Net income was -$67 million, and diluted earnings per share $-0.79. The figures are the company's own, from the 10-K it filed with the SEC on 26 August 2020.
Revenue
$2.4 billion
+74.7% on the year
FY2013FY2020
Operating margin
1.7%
10.9% a year earlier
FY2013FY2020
Net income
-$67 million
FY2013FY2020
Diluted EPS
-$0.79
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
2,380
1,362
1,159
+74.7%
Cost of revenue
1,589
841
698
+88.9%
Gross profit
791
521
461
+51.8%
Gross margin
33.2%
38.3%
39.8%
Research and development
339
139
117
+143.7%
Selling, general and administrative
413
234
209
+76.7%
Operating income
39.5
149
137
-73.4%
Operating margin
1.7%
10.9%
11.8%
Interest expense
89.4
22.4
18.4
+298.8%
Pre-tax income
-63.9
129
122
Income tax
3.1
21.3
34.2
-85.4%
Effective tax rate
n/a
16.5%
28.0%
Net income
-67.0
108
88.0
Net margin
-2.8%
7.9%
7.6%
Diluted EPS
-$0.79
$1.63
$1.35
$ 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
297
178
161
+66.6%
Capital expenditure
137
137
153
-0.2%
Free cash flow
160
41.4
7.6
+287.9%
Free cash flow margin
6.7%
3.0%
0.7%
Cash from investing
-1,179
-224
-285
Cash from financing
1,174
4.9
97.0
+23,964.5%
Depreciation and amortisation
221
92.4
80.8
+139.1%
Share-based compensation
68.5
21.9
15.3
+212.0%
Buybacks
1.6
1.6
49.9
+0.6%
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
85m
66m
65m
+28.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
2,077
1,133
1,024
+83.3%
Redeemable equity
0.0
n/a
n/a
Debt
2,255
467
439
+382.9%
Operating lease liabilities
94.7
n/a
n/a
Other liabilities
808
354
298
+128.5%
Total liabilities and equity
5,235
1,954
1,762
+167.9%
Fixed assets
n/a
583
525
Goodwill
1,239
320
271
+287.5%
Intangible assets
758
139
125
+444.3%
Cash and equivalents
493
205
247
+140.7%
Receivables
598
270
215
+121.8%
Inventory
620
296
248
+109.2%
Other assets
1,526
141
131
+981.9%
Total assets
5,235
1,954
1,762
+167.9%
10-K for the year ended 30 June 2020, filed 26 August 2020: the filing.