Dauch (DCH) FY2020 results: revenue $4.7 billion, down 27.9% on the year
Dauch Corp. (DCH) reported revenue of $4.7 billion for fiscal 2020, the year ended 31 December 2020, down 27.9% on the year before. Net income was -$561 million, and diluted earnings per share $-4.96. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2021.
Revenue
$4.7 billion
-27.9% on the year
FY2013FY2020
Operating margin
-8.4%
-4.6% a year earlier
FY2013FY2020
Net income
-$561 million
FY2013FY2020
Diluted EPS
-$4.96
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
4,711
6,531
7,270
-27.9%
Cost of revenue
4,128
5,628
6,130
-26.7%
Gross profit
583
903
1,140
-35.4%
Gross margin
12.4%
13.8%
15.7%
Research and development
117
145
146
-18.9%
Selling, general and administrative
314
365
386
-13.9%
Operating income
-396
-302
106
Operating margin
-8.4%
-4.6%
1.5%
Interest expense
212
217
216
-2.3%
Pre-tax income
-610
-533
-114
Income tax
-49.2
-48.9
-57.1
Net income
-561
-484
-57.5
Net margin
-11.9%
-7.4%
-0.8%
Diluted EPS
-$4.96
-$4.31
-$0.51
$ 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
455
560
772
-18.7%
Capital expenditure
216
433
525
-50.2%
Free cash flow
239
126
247
+89.3%
Free cash flow margin
5.1%
1.9%
3.4%
Cash from investing
-218
-307
-478
Cash from financing
-214
-200
-184
Depreciation and amortisation
522
537
529
-2.8%
Share-based compensation
19.4
22.4
27.9
-13.4%
Buybacks
2.7
7.5
3.7
-64.0%
Diluted shares, weighted
113m
112m
112m
+0.7%
Shares outstanding at period end
113m
113m
112m
+0.6%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
370
978
1,484
-62.1%
Non-controlling interest
2.7
2.8
2.4
-3.6%
Debt
3,501
3,692
3,876
-5.2%
Operating lease liabilities
94.4
96.7
n/a
-2.4%
Other liabilities
1,948
1,875
2,149
+3.9%
Total liabilities and equity
5,916
6,645
7,511
-11.0%
Fixed assets
2,164
2,358
2,514
-8.3%
Goodwill
186
699
1,142
-73.4%
Intangible assets
781
864
1,111
-9.7%
Cash and equivalents
557
532
476
+4.7%
Receivables
793
815
966
-2.7%
Inventory
323
374
460
-13.5%
Other assets
1,113
1,002
841
+11.1%
Total assets
5,916
6,645
7,511
-11.0%
10-K for the year ended 31 December 2020, filed 12 February 2021: the filing.