Chesapeake Utilities (CPK) FY2020 results: revenue $488 million, up 1.8% on the year
Chesapeake Utilities Corp. (CPK) reported revenue of $488 million for fiscal 2020, the year ended 31 December 2020, up 1.8% on the year before. Net income was $71 million, up 9.7%, and diluted earnings per share $4.26. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2021.
Revenue
$488 million
+1.8% on the year
FY2013FY2020
Operating margin
23.1%
22.2% a year earlier
FY2013FY2020
Net income
$71 million
+9.7% on the year
FY2013FY2020
Diluted EPS
$4.26
+7.6% 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
488
480
490
+1.8%
Operating income
113
106
94.8
+6.1%
Operating margin
23.1%
22.2%
19.3%
Interest expense
21.8
22.2
16.1
-2.1%
Pre-tax income
94.2
82.2
78.1
+14.5%
Income tax
23.5
21.1
21.1
+11.6%
Effective tax rate
25.0%
25.6%
27.0%
Net income
71.5
65.2
56.6
+9.7%
Net margin
14.6%
13.6%
11.5%
Diluted EPS
$4.26
$3.96
$3.45
+7.6%
$ 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
159
103
117
+54.3%
Capital expenditure
166
185
240
-10.4%
Free cash flow
-6.6
-81.8
-123
Free cash flow margin
-1.4%
-17.0%
-25.1%
Cash from investing
-182
-187
-257
Cash from financing
19.2
84.5
140
-77.2%
Depreciation and amortisation
58.1
45.4
40.2
+27.9%
Share-based compensation
4.8
4.3
2.8
+12.9%
Buybacks
-22.6
0.7
0.7
Dividends paid
27.2
24.7
22.0
+10.0%
Dividend per share
$1.73
$1.58
$1.44
+8.8%
Diluted shares, weighted
17m
16m
16m
+2.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
697
562
518
+24.1%
Debt
698
733
622
-4.8%
Operating lease liabilities
9.9
9.9
n/a
-0.2%
Other liabilities
528
479
553
+10.3%
Total liabilities and equity
1,932
1,783
1,694
+8.4%
Fixed assets
1,601
1,464
1,354
+9.4%
Goodwill
38.7
32.7
21.6
+18.6%
Intangible assets
8.3
8.1
3.9
+2.0%
Cash and equivalents
3.5
7.0
6.1
-49.9%
Receivables
56.9
49.6
53.8
+14.8%
Other assets
224
222
255
+0.8%
Total assets
1,932
1,783
1,694
+8.4%
10-K for the year ended 31 December 2020, filed 24 February 2021: the filing.