EnerSys (ENS) FY2019 results: revenue $2.8 billion, up 8.8% on the year
EnerSys (ENS) reported revenue of $2.8 billion for fiscal 2019, the year ended 31 March 2019, up 8.8% on the year before. Net income was $160 million, up 34.0%, and diluted earnings per share $3.73. The figures are the company's own, from the 10-K it filed with the SEC on 29 May 2019.
Revenue
$2.8 billion
+8.8% on the year
FY2012FY2019
Operating margin
7.6%
10.5% a year earlier
FY2012FY2019
Net income
$160 million
+34.0% on the year
FY2012FY2019
Diluted EPS
$3.73
+34.7% on the year
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
2,808
2,582
2,367
+8.8%
Cost of revenue
2,105
1,920
1,713
+9.6%
Gross profit
693
658
651
+5.3%
Gross margin
24.7%
25.5%
27.5%
Operating income
212
271
237
-21.6%
Operating margin
7.6%
10.5%
10.0%
Interest expense
30.9
25.0
22.2
+23.5%
Pre-tax income
182
238
213
-23.5%
Income tax
21.6
118
54.5
-81.8%
Effective tax rate
11.8%
49.7%
25.6%
Net income
160
120
160
+34.0%
Net margin
5.7%
4.6%
6.8%
Diluted EPS
$3.73
$2.77
$3.64
+34.7%
$ 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
198
211
246
-6.3%
Capital expenditure
70.4
69.8
50.1
+0.8%
Free cash flow
127
141
196
-9.7%
Free cash flow margin
4.5%
5.5%
8.3%
Cash from investing
-724
-72.4
-61.8
Cash from financing
347
-167
-62.5
Depreciation and amortisation
63.3
54.3
53.9
+16.6%
Share-based compensation
22.6
19.5
19.2
+16.2%
Buybacks
56.4
121
0.0
-53.4%
Dividends paid
29.7
29.7
30.4
+0.2%
Dividend per share
$0.70
$0.70
$0.70
0.0%
Diluted shares, weighted
43m
43m
44m
-0.3%
Shares outstanding at period end
43m
42m
43m
+1.7%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,282
1,196
1,103
+7.2%
Non-controlling interest
3.7
5.4
4.9
-31.4%
Redeemable equity
n/a
n/a
0.0
Debt
1,026
598
606
+71.6%
Other liabilities
806
688
579
+17.2%
Total liabilities and equity
3,118
2,487
2,293
+25.4%
Fixed assets
409
390
349
+4.9%
Goodwill
656
353
329
+86.1%
Intangible assets
462
147
154
+214.2%
Cash and equivalents
299
522
500
-42.7%
Receivables
624
546
487
+14.2%
Inventory
504
414
361
+21.6%
Other assets
163
114
114
+42.8%
Total assets
3,118
2,487
2,293
+25.4%
10-K for the year ended 31 March 2019, filed 29 May 2019: the filing.