Coty (COTY) FY2021 results: revenue $4.6 billion, down 1.9% on the year
Coty Inc. (COTY) reported revenue of $4.6 billion for fiscal 2021, the year ended 30 June 2021, down 1.9% on the year before. Net income was -$201 million, and diluted earnings per share $-0.40. The figures are the company's own, from the 10-K it filed with the SEC on 26 August 2021.
Revenue
$4.6 billion
-1.9% on the year
FY2014FY2021
Operating margin
-1.0%
-26.2% a year earlier
FY2014FY2021
Net income
-$201 million
FY2014FY2021
Diluted EPS
-$0.40
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
4,630
4,718
6,288
-1.9%
Cost of revenue
1,862
1,991
2,498
-6.5%
Gross profit
2,768
2,727
3,789
+1.5%
Gross margin
59.8%
57.8%
60.3%
Research and development
96.5
93.4
98.5
+3.3%
Selling, general and administrative
2,363
3,120
3,468
-24.3%
Operating income
-48.6
-1,236
-3,688
Operating margin
-1.0%
-26.2%
-58.7%
Interest expense
232
233
252
-0.6%
Pre-tax income
-240
-1,468
-3,945
Income tax
-172
-378
-54.8
Net income
-201
-1,007
-3,784
Net margin
-4.3%
-21.3%
-60.2%
Diluted EPS
-$0.40
-$1.33
-$5.04
$ 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
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
319
-50.9
640
Capital expenditure
174
267
427
-35.0%
Free cash flow
145
-318
213
Free cash flow margin
3.1%
-6.7%
3.4%
Cash from investing
2,442
-833
-454
Cash from financing
-2,795
877
-160
Depreciation and amortisation
585
716
736
-18.3%
Share-based compensation
29.9
29.8
14.8
+0.3%
Buybacks
0.0
4.5
0.0
Dividends paid
25.7
195
345
-86.8%
Dividend per share
n/a
$0.38
$0.50
Diluted shares, weighted
765m
759m
751m
+0.8%
Shares outstanding at period end
766m
765m
754m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,861
3,005
4,587
-4.8%
Non-controlling interest
202
224
6.5
-10.1%
Redeemable equity
1,036
716
452
+44.8%
Short-term borrowings
0.0
n/a
n/a
Debt
5,401
8,080
7,664
-33.2%
Operating lease liabilities
269
317
0.0
-15.2%
Other liabilities
3,923
4,386
5,001
-10.6%
Total liabilities and equity
13,691
16,729
17,710
-18.2%
Fixed assets
918
1,082
1,333
-15.1%
Goodwill
4,118
3,974
4,167
+3.6%
Intangible assets
4,463
4,372
4,531
+2.1%
Cash and equivalents
254
308
340
-17.8%
Receivables
348
440
859
-20.9%
Inventory
651
678
860
-4.0%
Other assets
2,940
5,875
5,620
-50.0%
Total assets
13,691
16,729
17,710
-18.2%
10-K for the year ended 30 June 2021, filed 26 August 2021: the filing.