Coty (COTY) FY2020 results: revenue $4.7 billion, down 25.0% on the year
Coty Inc. (COTY) reported revenue of $4.7 billion for fiscal 2020, the year ended 30 June 2020, down 25.0% on the year before. Net income was -$1.0 billion, and diluted earnings per share $-1.33. The figures are the company's own, from the 10-K it filed with the SEC on 27 August 2020.
Revenue
$4.7 billion
-25.0% on the year
FY2013FY2020
Operating margin
-26.2%
-58.7% a year earlier
FY2013FY2020
Net income
-$1.0 billion
FY2013FY2020
Diluted EPS
-$1.33
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
4,718
6,288
6,842
-25.0%
Cost of revenue
1,991
2,498
2,718
-20.3%
Gross profit
2,727
3,789
4,124
-28.0%
Gross margin
57.8%
60.3%
60.3%
Research and development
93.4
98.5
108
-5.2%
Selling, general and administrative
3,120
3,468
3,807
-10.0%
Operating income
-1,236
-3,688
-156
Operating margin
-26.2%
-58.7%
-2.3%
Interest expense
233
252
223
-7.4%
Pre-tax income
-1,468
-3,945
-394
Income tax
-378
-54.8
-32.2
Net income
-1,007
-3,784
-169
Net margin
-21.3%
-60.2%
-2.5%
Diluted EPS
-$1.33
-$5.04
-$0.23
$ 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
-50.9
640
414
Capital expenditure
267
427
446
-37.3%
Free cash flow
-318
213
-32.7
Free cash flow margin
-6.7%
3.4%
-0.5%
Cash from investing
-833
-454
-688
Cash from financing
877
-160
69.3
Depreciation and amortisation
716
736
737
-2.6%
Share-based compensation
29.8
14.8
30.6
+101.4%
Buybacks
4.5
0.0
0.0
Dividends paid
195
345
375
-43.4%
Dividend per share
$0.38
$0.50
$0.50
-25.0%
Diluted shares, weighted
759m
751m
750m
+1.1%
Shares outstanding at period end
765m
754m
751m
+1.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,005
4,587
8,850
-34.5%
Non-controlling interest
224
6.5
5.5
+3,349.2%
Redeemable equity
716
452
661
+58.4%
Debt
8,080
7,664
7,524
+5.4%
Operating lease liabilities
317
0.0
n/a
Other liabilities
4,386
5,001
5,589
-12.3%
Total liabilities and equity
16,729
17,710
22,630
-5.5%
Fixed assets
1,082
1,333
1,681
-18.8%
Goodwill
3,974
4,167
7,596
-4.6%
Intangible assets
4,372
4,531
8,284
-3.5%
Cash and equivalents
308
340
332
-9.4%
Receivables
440
859
1,536
-48.8%
Inventory
678
860
1,149
-21.1%
Other assets
5,875
5,620
2,053
+4.5%
Total assets
16,729
17,710
22,630
-5.5%
10-K for the year ended 30 June 2020, filed 27 August 2020: the filing.