Evergy (EVRG) FY2020 results: revenue $4.9 billion, down 4.6% on the year
Evergy, Inc. (EVRG) reported revenue of $4.9 billion for fiscal 2020, the year ended 31 December 2020, down 4.6% on the year before. Net income was $618 million, down 7.7%, and diluted earnings per share $2.72. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$4.9 billion
-4.6% on the year
FY2016FY2020
Operating margin
23.3%
23.0% a year earlier
FY2016FY2020
Net income
$618 million
-7.7% on the year
FY2016FY2020
Diluted EPS
$2.72
-2.5% on the year
FY2016FY2020
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
4,913
5,148
4,276
-4.6%
Operating income
1,144
1,186
934
-3.5%
Operating margin
23.3%
23.0%
21.8%
Interest expense
384
374
280
+2.6%
Pre-tax income
724
773
600
-6.3%
Income tax
102
97.0
59.0
+5.4%
Effective tax rate
14.1%
12.6%
9.8%
Net income
618
670
536
-7.7%
Net margin
12.6%
13.0%
12.5%
Diluted EPS
$2.72
$2.79
$2.50
-2.5%
$ 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
1,754
1,749
1,498
+0.3%
Capital expenditure
1,560
1,210
1,070
+28.9%
Free cash flow
194
539
428
-64.1%
Free cash flow margin
3.9%
10.5%
10.0%
Cash from investing
-1,534
-1,080
197
Cash from financing
-98.4
-806
-1,538
Depreciation and amortisation
880
862
619
+2.1%
Share-based compensation
16.0
16.3
29.9
-1.8%
Buybacks
0.0
1,629
1,042
Dividends paid
465
462
475
+0.5%
Dividend per share
$2.05
$1.93
$1.74
+6.2%
Diluted shares, weighted
228m
240m
214m
-5.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
8,733
8,572
10,028
+1.9%
Non-controlling interest
-14.9
-26.6
-37.5
Debt
9,627
8,998
8,445
+7.0%
Operating lease liabilities
n/a
82.4
n/a
Finance lease liabilities
45.3
47.9
n/a
-5.4%
Other liabilities
8,724
8,302
7,162
+5.1%
Total liabilities and equity
27,115
25,976
25,598
+4.4%
Fixed assets
19,951
19,184
18,782
+4.0%
Goodwill
2,337
2,337
2,339
0.0%
Cash and equivalents
145
23.2
160
+524.6%
Receivables
274
228
194
+19.9%
Other assets
4,408
4,203
4,123
+4.9%
Total assets
27,115
25,976
25,598
+4.4%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.