Dauch (DCH) FY2019 results: revenue $6.5 billion, down 10.2% on the year
Dauch Corp. (DCH) reported revenue of $6.5 billion for fiscal 2019, the year ended 31 December 2019, down 10.2% on the year before. Net income was -$484 million, and diluted earnings per share $-4.31. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2020.
Revenue
$6.5 billion
-10.2% on the year
FY2012FY2019
Operating margin
-4.6%
1.5% a year earlier
FY2012FY2019
Net income
-$484 million
FY2012FY2019
Diluted EPS
-$4.31
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
6,531
7,270
6,266
-10.2%
Cost of revenue
5,628
6,130
5,147
-8.2%
Gross profit
903
1,140
1,119
-20.9%
Gross margin
13.8%
15.7%
17.9%
Research and development
145
146
162
-1.0%
Selling, general and administrative
365
386
390
-5.4%
Operating income
-302
106
543
Operating margin
-4.6%
1.5%
8.7%
Interest expense
217
216
196
+0.5%
Pre-tax income
-533
-114
340
Income tax
-48.9
-57.1
2.5
Effective tax rate
n/a
n/a
0.7%
Net income
-484
-57.5
337
Net margin
-7.4%
-0.8%
5.4%
Diluted EPS
-$4.31
-$0.51
$3.21
$ 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
560
772
647
-27.5%
Capital expenditure
433
525
478
-17.4%
Free cash flow
126
247
169
-48.8%
Free cash flow margin
1.9%
3.4%
2.7%
Cash from investing
-307
-478
-1,378
Cash from financing
-200
-184
616
Depreciation and amortisation
537
529
428
+1.5%
Share-based compensation
22.4
27.9
43.4
-19.7%
Buybacks
7.5
3.7
7.0
+102.7%
Diluted shares, weighted
112m
112m
103m
+0.6%
Shares outstanding at period end
113m
112m
111m
+0.8%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
978
1,484
1,536
-34.1%
Non-controlling interest
2.8
2.4
4.0
+16.7%
Debt
3,692
3,876
4,051
-4.7%
Operating lease liabilities
96.7
n/a
n/a
Other liabilities
1,875
2,149
2,292
-12.7%
Total liabilities and equity
6,645
7,511
7,883
-11.5%
Fixed assets
2,358
2,514
2,403
-6.2%
Goodwill
699
1,142
1,654
-38.8%
Intangible assets
864
1,111
1,212
-22.2%
Cash and equivalents
532
476
377
+11.7%
Receivables
815
966
1,036
-15.6%
Inventory
374
460
392
-18.7%
Other assets
1,002
841
808
+19.1%
Total assets
6,645
7,511
7,883
-11.5%
10-K for the year ended 31 December 2019, filed 14 February 2020: the filing.