Enovis (ENOV) FY2019 results: revenue $3.3 billion, up 51.7% on the year
Enovis Corp. (ENOV) reported revenue of $3.3 billion for fiscal 2019, the year ended 31 December 2019, up 51.7% on the year before. Net income was -$528 million, and diluted earnings per share $-11.67. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2020.
Revenue
$3.3 billion
+51.7% on the year
FY2012FY2019
Operating margin
6.1%
6.9% a year earlier
FY2012FY2019
Net income
-$528 million
FY2012FY2019
Diluted EPS
-$11.67
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
3,327
2,193
1,937
+51.7%
Cost of revenue
1,926
1,464
1,266
+31.6%
Gross profit
1,401
729
672
+92.1%
Gross margin
42.1%
33.3%
34.7%
Selling, general and administrative
1,132
549
501
+106.3%
Operating income
204
152
136
+34.4%
Operating margin
6.1%
6.9%
7.0%
Interest expense
120
49.1
40.1
+143.5%
Pre-tax income
50.5
92.4
48.6
-45.3%
Income tax
31.6
-29.5
2.5
Effective tax rate
62.6%
-31.9%
5.1%
Net income
-528
140
151
Net margin
-15.9%
6.4%
7.8%
Diluted EPS
-$11.67
$3.48
$3.66
$ 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
131
226
219
-42.2%
Capital expenditure
125
69.6
68.8
+80.1%
Free cash flow
5.5
157
150
-96.5%
Free cash flow margin
0.2%
7.1%
7.7%
Cash from investing
-1,633
-168
89.9
Cash from financing
1,369
-47.2
-280
Depreciation and amortisation
216
81.2
72.7
+165.5%
Share-based compensation
22.0
25.1
21.5
-12.5%
Buybacks
0.0
200
0.0
Diluted shares, weighted
46m
40m
41m
+13.1%
Shares outstanding at period end
39m
39m
41m
+0.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
3,441
3,270
3,500
+5.3%
Non-controlling interest
48.2
207
227
-76.7%
Debt
2,312
1,199
1,061
+92.9%
Other liabilities
1,585
1,928
1,921
-17.8%
Total liabilities and equity
7,387
6,604
6,710
+11.9%
Fixed assets
491
327
553
+50.2%
Goodwill
3,203
1,498
1,430
+113.8%
Intangible assets
1,719
628
1,017
+173.6%
Investments
n/a
0.0
150
Cash and equivalents
110
77.2
262
+42.1%
Receivables
562
387
970
+45.3%
Inventory
572
360
430
+58.9%
Other assets
731
3,327
1,898
-78.0%
Total assets
7,387
6,604
6,710
+11.9%
10-K for the year ended 31 December 2019, filed 24 February 2020: the filing.