Cooper Companies (COO) FY2019 results: revenue $2.7 billion, up 4.8% on the year
Cooper Companies, Inc. (COO) reported revenue of $2.7 billion for fiscal 2019, the year ended 31 October 2019, up 4.8% on the year before. Net income was $467 million, up 233.6%, and diluted earnings per share $2.33. The figures are the company's own, from the 10-K it filed with the SEC on 20 December 2019.
Revenue
$2.7 billion
+4.8% on the year
FY2012FY2019
Operating margin
20.6%
15.9% a year earlier
FY2012FY2019
Net income
$467 million
+233.6% on the year
FY2012FY2019
Diluted EPS
$2.33
+232.0% on the year
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
2,653
2,533
2,139
+4.8%
Cost of revenue
897
900
773
-0.4%
Gross profit
1,757
1,632
1,366
+7.6%
Gross margin
66.2%
64.4%
63.9%
Research and development
86.7
84.8
69.2
+2.2%
Selling, general and administrative
996
973
799
+2.4%
Operating income
547
403
429
+35.6%
Operating margin
20.6%
15.9%
20.1%
Interest expense
68.0
82.7
33.4
-17.8%
Pre-tax income
477
332
394
+43.8%
Income tax
10.7
192
21.1
-94.4%
Effective tax rate
2.2%
57.8%
5.4%
Net income
467
140
373
+233.6%
Net margin
17.6%
5.5%
17.4%
Diluted EPS
$2.33
$0.70
$1.88
+232.0%
$ 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
713
669
594
+6.6%
Capital expenditure
292
194
127
+50.9%
Free cash flow
421
475
466
-11.4%
Free cash flow margin
15.9%
18.8%
21.8%
Cash from investing
-351
-1,518
-381
Cash from financing
-351
844
-228
Depreciation and amortisation
281
275
188
+2.1%
Share-based compensation
35.1
43.2
37.2
-18.8%
Buybacks
156
0.0
55.0
Dividends paid
3.0
2.9
2.9
+3.4%
Dividend per share
$0.01
$0.01
$0.01
0.0%
Diluted shares, weighted
200m
199m
198m
+0.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
3,628
3,308
3,176
+9.7%
Non-controlling interest
0.2
0.2
0.1
0.0%
Debt
1,826
2,023
1,173
-9.7%
Other liabilities
820
782
510
+4.8%
Total liabilities and equity
6,274
6,113
4,859
+2.6%
Fixed assets
1,132
976
910
+16.0%
Goodwill
2,429
2,392
2,355
+1.5%
Intangible assets
1,405
1,521
505
-7.6%
Cash and equivalents
89.0
77.7
88.8
+14.5%
Receivables
435
375
317
+16.2%
Inventory
507
469
454
+8.1%
Other assets
277
302
230
-8.3%
Total assets
6,274
6,113
4,859
+2.6%
10-K for the year ended 31 October 2019, filed 20 December 2019: the filing.