Coty (COTY) FY2019 results: revenue $6.3 billion, down 8.1% on the year
Coty Inc. (COTY) reported revenue of $6.3 billion for fiscal 2019, the year ended 30 June 2019, down 8.1% on the year before. Net income was -$3.8 billion, and diluted earnings per share $-5.04. The figures are the company's own, from the 10-K it filed with the SEC on 28 August 2019.
Revenue
$6.3 billion
-8.1% on the year
FY2012FY2019
Operating margin
-58.7%
-2.3% a year earlier
FY2012FY2019
Net income
-$3.8 billion
FY2012FY2019
Diluted EPS
-$5.04
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
6,288
6,842
7,650
-8.1%
Cost of revenue
2,498
2,718
3,028
-8.1%
Gross profit
3,789
4,124
4,622
-8.1%
Gross margin
60.3%
60.3%
60.4%
Research and development
98.5
108
139
-8.9%
Selling, general and administrative
3,468
3,807
4,041
-8.9%
Operating income
-3,688
-156
-421
Operating margin
-58.7%
-2.3%
-5.5%
Interest expense
252
223
220
+13.2%
Pre-tax income
-3,945
-394
-658
Income tax
-54.8
-32.2
-260
Net income
-3,784
-169
-422
Net margin
-60.2%
-2.5%
-5.5%
Diluted EPS
-$5.04
-$0.23
-$0.66
$ 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
640
414
758
+54.6%
Capital expenditure
427
446
432
-4.4%
Free cash flow
213
-32.7
325
Free cash flow margin
3.4%
-0.5%
4.3%
Cash from investing
-454
-688
-1,164
Cash from financing
-160
69.3
595
Depreciation and amortisation
736
737
555
-0.1%
Share-based compensation
14.8
30.6
24.6
-51.6%
Buybacks
0.0
0.0
36.3
Dividends paid
345
375
373
-8.0%
Dividend per share
$0.50
$0.50
$0.65
0.0%
Diluted shares, weighted
751m
750m
643m
+0.2%
Shares outstanding at period end
754m
751m
748m
+0.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
4,587
8,850
9,315
-48.2%
Non-controlling interest
6.5
5.5
3.0
+18.2%
Redeemable equity
452
661
551
-31.7%
Debt
7,664
7,524
7,137
+1.9%
Operating lease liabilities
0.0
n/a
n/a
Other liabilities
5,001
5,589
5,542
-10.5%
Total liabilities and equity
17,710
22,630
22,548
-21.7%
Fixed assets
1,333
1,681
1,632
-20.7%
Goodwill
4,167
7,596
8,556
-45.1%
Intangible assets
4,531
8,284
8,425
-45.3%
Cash and equivalents
340
332
535
+2.7%
Receivables
859
1,536
1,470
-44.1%
Inventory
860
1,149
1,053
-25.1%
Other assets
5,620
2,053
877
+173.7%
Total assets
17,710
22,630
22,548
-21.7%
10-K for the year ended 30 June 2019, filed 28 August 2019: the filing.