Edgewell Personal Care (EPC) FY2020 results: revenue $1.9 billion, down 8.9% on the year
Edgewell Personal Care Co. (EPC) reported revenue of $1.9 billion for fiscal 2020, the year ended 30 September 2020, down 8.9% on the year before. Net income was $68 million, and diluted earnings per share $1.24. The figures are the company's own, from the 10-K it filed with the SEC on 20 November 2020.
Revenue
$1.9 billion
-8.9% on the year
FY2013FY2020
Operating margin
9.0%
11.4% a year earlier
FY2013FY2020
Net income
$68 million
FY2013FY2020
Diluted EPS
$1.24
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
1,950
2,141
2,234
-8.9%
Cost of revenue
1,069
1,174
1,202
-9.0%
Gross profit
881
967
1,033
-8.9%
Gross margin
45.2%
45.1%
46.2%
Research and development
55.3
53.5
61.1
+3.4%
Operating income
176
244
n/a
-27.8%
Operating margin
9.0%
11.4%
n/a
Interest expense
61.2
62.6
68.0
-2.2%
Pre-tax income
87.3
-390
164
Income tax
19.7
-18.1
60.5
Effective tax rate
22.6%
n/a
36.9%
Net income
67.6
-372
103
Net margin
3.5%
-17.4%
4.6%
Diluted EPS
$1.24
-$6.88
$1.90
$ 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
233
191
259
+22.0%
Capital expenditure
47.7
58.0
62.0
-17.8%
Free cash flow
185
133
197
+39.4%
Free cash flow margin
9.5%
6.2%
8.8%
Cash from investing
-196
-45.5
-119
Cash from financing
-18.7
-63.8
-380
Depreciation and amortisation
88.8
93.8
97.6
-5.3%
Share-based compensation
19.2
17.8
17.0
+7.9%
Buybacks
0.0
0.0
124
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
55m
54m
54m
+0.9%
Shares outstanding at period end
54m
54m
54m
+0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,439
1,304
1,745
+10.4%
Debt
1,259
1,229
1,292
+2.4%
Operating lease liabilities
34.6
0.0
n/a
Other liabilities
809
888
917
-9.0%
Total liabilities and equity
3,541
3,421
3,953
+3.5%
Fixed assets
371
396
424
-6.3%
Goodwill
1,160
1,033
1,451
+12.3%
Intangible assets
928
913
1,099
+1.7%
Cash and equivalents
365
342
266
+6.8%
Receivables
159
206
226
-22.8%
Inventory
314
357
330
-12.1%
Other assets
245
175
157
+39.9%
Total assets
3,541
3,421
3,953
+3.5%
10-K for the year ended 30 September 2020, filed 20 November 2020: the filing.