EnerSys (ENS) FY2020 results: revenue $3.1 billion, up 10.0% on the year
EnerSys (ENS) reported revenue of $3.1 billion for fiscal 2020, the year ended 31 March 2020, up 10.0% on the year before. Net income was $137 million, down 14.4%, and diluted earnings per share $3.20. The figures are the company's own, from the 10-K it filed with the SEC on 1 June 2020.
Revenue
$3.1 billion
+10.0% on the year
FY2013FY2020
Operating margin
6.2%
7.6% a year earlier
FY2013FY2020
Net income
$137 million
-14.4% on the year
FY2013FY2020
Diluted EPS
$3.20
-14.2% on the year
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
3,088
2,808
2,582
+10.0%
Cost of revenue
2,301
2,105
1,920
+9.3%
Gross profit
785
693
658
+13.3%
Gross margin
25.4%
24.7%
25.5%
Operating income
190
212
271
-10.5%
Operating margin
6.2%
7.6%
10.5%
Interest expense
43.7
30.9
25.0
+41.5%
Pre-tax income
147
182
238
-19.4%
Income tax
9.8
21.6
118
-54.5%
Effective tax rate
6.7%
11.8%
49.7%
Net income
137
160
120
-14.4%
Net margin
4.4%
5.7%
4.6%
Diluted EPS
$3.20
$3.73
$2.77
-14.2%
$ 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
253
198
211
+28.1%
Capital expenditure
101
70.4
69.8
+44.1%
Free cash flow
152
127
141
+19.2%
Free cash flow margin
4.9%
4.5%
5.5%
Cash from investing
-275
-724
-72.4
Cash from financing
62.7
347
-167
-81.9%
Depreciation and amortisation
87.3
63.3
54.3
+37.9%
Share-based compensation
20.8
22.6
19.5
-8.1%
Buybacks
34.6
56.4
121
-38.8%
Dividends paid
29.7
29.7
29.7
-0.1%
Dividend per share
$0.70
$0.70
$0.70
0.0%
Diluted shares, weighted
43m
43m
43m
-0.3%
Shares outstanding at period end
42m
43m
42m
-0.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,301
1,282
1,196
+1.4%
Non-controlling interest
3.5
3.7
5.4
-5.2%
Debt
1,151
1,026
598
+12.2%
Operating lease liabilities
51.2
n/a
n/a
Finance lease liabilities
0.4
n/a
n/a
Other liabilities
795
806
688
-1.4%
Total liabilities and equity
3,302
3,118
2,487
+5.9%
Fixed assets
480
409
390
+17.2%
Goodwill
664
656
353
+1.1%
Intangible assets
456
462
147
-1.4%
Cash and equivalents
327
299
522
+9.3%
Receivables
596
624
546
-4.5%
Inventory
519
504
414
+3.1%
Other assets
260
163
114
+59.5%
Total assets
3,302
3,118
2,487
+5.9%
10-K for the year ended 31 March 2020, filed 1 June 2020: the filing.