DuPont de Nemours (DD) FY2019 results: revenue $15.4 billion, down 5.8% on the year
DuPont de Nemours, Inc. (DD) reported revenue of $15.4 billion for fiscal 2019, the year ended 31 December 2019, down 5.8% on the year before. Net income was $498 million, down 87.0%, and diluted earnings per share $2.01. The figures are the company's own, from the 10-K it filed with the SEC on 14 February 2020.
Revenue
$15.4 billion
-5.8% on the year
FY2015FY2019
Operating margin
n/a
FY2015FY2019
Net income
$498 million
-87.0% on the year
FY2015FY2019
Diluted EPS
$2.01
-86.5% on the year
FY2015FY2019
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
15,436
16,378
11,672
-5.8%
Cost of revenue
10,026
11,123
9,558
-9.9%
Gross profit
5,410
5,255
2,114
+2.9%
Gross margin
35.0%
32.1%
18.1%
Research and development
689
797
657
-13.6%
Selling, general and administrative
2,057
2,403
1,615
-14.4%
Pre-tax income
-126
-135
-1,525
Income tax
-2.0
50.0
-1,758
Net income
498
3,844
1,159
-87.0%
Net margin
3.2%
23.5%
9.9%
Diluted EPS
$2.01
$14.85
$6.45
-86.5%
$ 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
1,409
4,731
-765
-70.2%
Capital expenditure
2,472
1,244
551
+98.7%
Free cash flow
-1,063
3,487
-1,316
Free cash flow margin
-6.9%
21.3%
-11.3%
Cash from investing
-2,313
-2,462
14,325
Cash from financing
-11,550
-1,918
-6,554
Depreciation and amortisation
3,195
1,539
1,060
+107.6%
Share-based compensation
87.0
73.0
19.0
+19.2%
Buybacks
2,329
4,421
1,000
-47.3%
Dividends paid
1,611
3,491
3,394
-53.9%
Dividend per share
$6.48
$13.68
$5.28
-52.6%
Diluted shares, weighted
249m
257m
178m
-3.3%
Shares outstanding at period end
246m
87m
260m
+182.6%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
40,987
94,292
100,330
-56.5%
Non-controlling interest
569
1,608
1,597
-64.6%
Short-term borrowings
3,830
n/a
n/a
Debt
-15,618
40,464
34,071
Operating lease liabilities
324
n/a
n/a
Finance lease liabilities
2.0
n/a
n/a
Other liabilities
39,302
51,666
56,166
-23.9%
Total liabilities and equity
69,396
188,030
192,164
-63.1%
Fixed assets
7,100
9,917
36,247
-28.4%
Goodwill
22,139
22,387
34,820
-1.1%
Intangible assets
9,217
14,655
33,274
-37.1%
Investments
0.0
1,712
2,328
Cash and equivalents
1,540
8,548
13,438
-82.0%
Receivables
2,047
2,891
11,314
-29.2%
Inventory
2,897
4,107
16,992
-29.5%
Other assets
24,456
123,813
43,751
-80.2%
Total assets
69,396
188,030
192,164
-63.1%
10-K for the year ended 31 December 2019, filed 14 February 2020: the filing.