Enovis (ENOV) FY2020 results: revenue $1.1 billion, down 66.3% on the year
Enovis Corp. (ENOV) reported revenue of $1.1 billion for fiscal 2020, the year ended 31 December 2020, down 66.3% on the year before. Net income was $43 million, and diluted earnings per share $0.93. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2021.
Revenue
$1.1 billion
-66.3% on the year
FY2013FY2020
Operating margin
-5.9%
6.1% a year earlier
FY2013FY2020
Net income
$43 million
FY2013FY2020
Diluted EPS
$0.93
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
1,121
3,327
2,193
-66.3%
Cost of revenue
517
1,926
1,464
-73.2%
Gross profit
604
1,401
729
-56.9%
Gross margin
53.9%
42.1%
33.3%
Research and development
34.3
n/a
n/a
Selling, general and administrative
515
1,132
549
-54.5%
Operating income
-66.2
204
152
Operating margin
-5.9%
6.1%
6.9%
Interest expense
52.8
120
49.1
-55.8%
Pre-tax income
-119
50.5
92.4
Income tax
-44.6
31.6
-29.5
Effective tax rate
n/a
62.6%
-31.9%
Net income
42.6
-528
140
Net margin
3.8%
-15.9%
6.4%
Diluted EPS
$0.93
-$11.67
$3.48
$ 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
302
131
226
+130.6%
Capital expenditure
115
125
69.6
-8.5%
Free cash flow
187
5.5
157
+3,274.5%
Free cash flow margin
16.7%
0.2%
7.1%
Cash from investing
-175
-1,633
-168
Cash from financing
-132
1,369
-47.2
Depreciation and amortisation
168
216
81.2
-22.1%
Share-based compensation
28.9
22.0
25.1
+31.7%
Buybacks
0.0
0.0
200
Diluted shares, weighted
46m
46m
40m
+1.6%
Shares outstanding at period end
39m
39m
39m
+0.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,543
3,441
3,270
+3.0%
Non-controlling interest
44.5
48.2
207
-7.7%
Debt
2,231
2,312
1,199
-3.5%
Other liabilities
1,532
1,585
1,928
-3.3%
Total liabilities and equity
7,352
7,387
6,604
-0.5%
Fixed assets
487
491
327
-0.9%
Goodwill
1,761
3,203
1,498
-45.0%
Intangible assets
1,663
1,719
628
-3.2%
Investments
n/a
n/a
0.0
Cash and equivalents
97.1
110
77.2
-11.5%
Receivables
517
562
387
-8.0%
Inventory
565
572
360
-1.2%
Other assets
2,261
731
3,327
+209.3%
Total assets
7,352
7,387
6,604
-0.5%
10-K for the year ended 31 December 2020, filed 18 February 2021: the filing.