Cencora (COR) FY2020 results: revenue $189.9 billion, up 5.7% on the year
Cencora, Inc. (COR) reported revenue of $189.9 billion for fiscal 2020, the year ended 30 September 2020, up 5.7% on the year before. Net income was -$3.4 billion, and diluted earnings per share $-16.65. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2020.
Revenue
$189.9 billion
+5.7% on the year
FY2013FY2020
Operating margin
-2.7%
0.6% a year earlier
FY2013FY2020
Net income
-$3.4 billion
FY2013FY2020
Diluted EPS
-$16.65
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
189,894
179,589
167,940
+5.7%
Cost of revenue
184,702
174,451
163,327
+5.9%
Gross profit
5,192
5,138
4,612
+1.0%
Gross margin
2.7%
2.9%
2.7%
Selling, general and administrative
2,767
2,664
2,460
+3.9%
Operating income
-5,135
1,112
1,444
Operating margin
-2.7%
0.6%
0.9%
Pre-tax income
-5,294
967
1,177
Income tax
-1,894
113
-438
Effective tax rate
n/a
11.7%
-37.2%
Net income
-3,409
855
1,658
Net margin
-1.8%
0.5%
1.0%
Diluted EPS
-$16.65
$4.04
$7.53
$ 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
2,207
2,344
1,411
-5.8%
Capital expenditure
370
310
336
+19.2%
Free cash flow
1,837
2,034
1,075
-9.7%
Free cash flow margin
1.0%
1.1%
0.6%
Cash from investing
-380
-376
-1,111
Cash from financing
-604
-1,087
-243
Depreciation and amortisation
391
462
465
-15.4%
Share-based compensation
74.4
58.9
62.3
+26.4%
Buybacks
420
674
639
-37.6%
Dividends paid
344
339
333
+1.4%
Dividend per share
$1.66
$1.60
$1.52
+3.7%
Diluted shares, weighted
205m
212m
220m
-3.3%
Shares outstanding at period end
204m
207m
213m
-1.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
-1,019
2,879
2,933
Non-controlling interest
179
114
117
+56.9%
Debt
4,120
4,173
4,310
-1.3%
Operating lease liabilities
386
n/a
n/a
Finance lease liabilities
n/a
321
352
Other liabilities
40,609
31,685
29,957
+28.2%
Total liabilities and equity
44,275
39,172
37,670
+13.0%
Fixed assets
1,485
1,771
1,892
-16.1%
Goodwill
6,707
6,706
6,664
+0.0%
Intangible assets
1,886
2,295
2,948
-17.8%
Cash and equivalents
4,598
3,374
2,493
+36.3%
Receivables
13,846
12,387
11,314
+11.8%
Inventory
12,589
11,060
11,919
+13.8%
Other assets
3,164
1,580
440
+100.3%
Total assets
44,275
39,172
37,670
+13.0%
10-K for the year ended 30 September 2020, filed 19 November 2020: the filing.