Cooper Companies (COO) FY2020 results: revenue $2.4 billion, down 8.4% on the year
Cooper Companies, Inc. (COO) reported revenue of $2.4 billion for fiscal 2020, the year ended 31 October 2020, down 8.4% on the year before. Net income was $238 million, down 48.9%, and diluted earnings per share $1.20. The figures are the company's own, from the 10-K it filed with the SEC on 11 December 2020.
Revenue
$2.4 billion
-8.4% on the year
FY2013FY2020
Operating margin
12.8%
20.6% a year earlier
FY2013FY2020
Net income
$238 million
-48.9% on the year
FY2013FY2020
Diluted EPS
$1.20
-48.4% on the year
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
2,431
2,653
2,533
-8.4%
Cost of revenue
896
897
900
-0.1%
Gross profit
1,535
1,757
1,632
-12.6%
Gross margin
63.1%
66.2%
64.4%
Research and development
93.3
86.7
84.8
+7.6%
Selling, general and administrative
992
996
973
-0.4%
Operating income
312
547
403
-43.0%
Operating margin
12.8%
20.6%
15.9%
Interest expense
36.8
68.0
82.7
-45.9%
Pre-tax income
266
477
332
-44.2%
Income tax
28.1
10.7
192
+162.6%
Effective tax rate
10.5%
2.2%
57.8%
Net income
238
467
140
-48.9%
Net margin
9.8%
17.6%
5.5%
Diluted EPS
$1.20
$2.33
$0.70
-48.4%
$ 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
487
713
669
-31.8%
Capital expenditure
310
292
194
+6.3%
Free cash flow
176
421
475
-58.2%
Free cash flow margin
7.2%
15.9%
18.8%
Cash from investing
-364
-351
-1,518
Cash from financing
-95.5
-351
844
Depreciation and amortisation
287
281
275
+2.2%
Share-based compensation
37.6
35.1
43.2
+7.1%
Buybacks
47.8
156
0.0
-69.4%
Dividends paid
3.0
3.0
2.9
0.0%
Dividend per share
$0.01
$0.01
$0.01
0.0%
Diluted shares, weighted
198m
200m
199m
-0.8%
Shares outstanding at period end
196m
n/a
n/a
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,825
3,628
3,308
+5.4%
Non-controlling interest
0.2
0.2
0.2
0.0%
Debt
1,793
1,826
2,023
-1.8%
Operating lease liabilities
237
n/a
n/a
Other liabilities
883
820
782
+7.7%
Total liabilities and equity
6,738
6,274
6,113
+7.4%
Fixed assets
1,282
1,132
976
+13.2%
Goodwill
2,447
2,429
2,392
+0.8%
Intangible assets
1,289
1,405
1,521
-8.3%
Cash and equivalents
116
89.0
77.7
+30.2%
Receivables
435
435
375
+0.0%
Inventory
570
507
469
+12.5%
Other assets
598
277
302
+115.7%
Total assets
6,738
6,274
6,113
+7.4%
10-K for the year ended 31 October 2020, filed 11 December 2020: the filing.