DuPont de Nemours (DD) FY2020 results: revenue $11.1 billion, down 27.9% on the year
DuPont de Nemours, Inc. (DD) reported revenue of $11.1 billion for fiscal 2020, the year ended 31 December 2020, down 27.9% on the year before. Net income was -$3.0 billion, and diluted earnings per share $-12.03. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2021.
Revenue
$11.1 billion
-27.9% on the year
FY2015FY2020
Operating margin
n/a
FY2015FY2020
Net income
-$3.0 billion
FY2015FY2020
Diluted EPS
-$12.03
FY2015FY2020
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
11,128
15,436
16,378
-27.9%
Cost of revenue
7,063
10,026
11,123
-29.6%
Gross profit
4,065
5,410
5,255
-24.9%
Gross margin
36.5%
35.0%
32.1%
Research and development
565
689
797
-18.0%
Selling, general and administrative
1,492
2,057
2,403
-27.5%
Pre-tax income
-1,259
-126
-135
Income tax
90.0
-2.0
50.0
Net income
-2,951
498
3,844
Net margin
-26.5%
3.2%
23.5%
Diluted EPS
-$12.03
$2.01
$14.85
$ 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
4,095
1,409
4,731
+190.6%
Capital expenditure
1,194
2,472
1,244
-51.7%
Free cash flow
2,901
-1,063
3,487
Free cash flow margin
26.1%
-6.9%
21.3%
Cash from investing
-202
-2,313
-2,462
Cash from financing
3,238
-11,550
-1,918
Depreciation and amortisation
3,094
3,195
1,539
-3.2%
Share-based compensation
93.0
87.0
73.0
+6.9%
Buybacks
232
2,329
4,421
-90.0%
Dividends paid
882
1,611
3,491
-45.3%
Dividend per share
$3.60
$6.48
$13.68
-44.4%
Diluted shares, weighted
245m
249m
257m
-1.4%
Shares outstanding at period end
245m
246m
87m
-0.6%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
38,504
40,987
94,292
-6.1%
Non-controlling interest
566
569
1,608
-0.5%
Short-term borrowings
1.0
3,830
n/a
-100.0%
Debt
15,612
-15,618
40,464
Operating lease liabilities
308
324
n/a
-4.9%
Finance lease liabilities
2.0
2.0
n/a
0.0%
Other liabilities
15,911
39,302
51,666
-59.5%
Total liabilities and equity
70,904
69,396
188,030
+2.2%
Fixed assets
6,867
7,100
9,917
-3.3%
Goodwill
16,040
22,139
22,387
-27.5%
Intangible assets
8,072
9,217
14,655
-12.4%
Investments
n/a
0.0
1,712
Cash and equivalents
2,544
1,540
8,548
+65.2%
Receivables
1,850
2,047
2,891
-9.6%
Inventory
2,393
2,897
4,107
-17.4%
Other assets
33,138
24,456
123,813
+35.5%
Total assets
70,904
69,396
188,030
+2.2%
10-K for the year ended 31 December 2020, filed 12 February 2021: the filing.