Exponent (EXPO) FY2020 results: revenue $400 million, down 4.1% on the year
Exponent Inc. (EXPO) reported revenue of $400 million for fiscal 2020, the year ended 1 January 2021, down 4.1% on the year before. Net income was $83 million, up 0.1%, and diluted earnings per share $1.55. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$400 million
-4.1% on the year
FY2013FY2020
Operating margin
20.8%
20.4% a year earlier
FY2013FY2020
Net income
$83 million
+0.1% on the year
FY2013FY2020
Diluted EPS
$1.55
+1.3% 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
400
417
380
-4.1%
Operating income
83.2
85.1
91.5
-2.2%
Operating margin
20.8%
20.4%
24.1%
Pre-tax income
96.9
104
93.3
-7.0%
Income tax
14.4
21.7
21.1
-33.8%
Effective tax rate
14.8%
20.9%
22.6%
Net income
82.6
82.5
72.3
+0.1%
Net margin
20.6%
19.8%
19.0%
Diluted EPS
$1.55
$1.53
$1.33
+1.3%
$ 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
103
108
91.2
-4.4%
Capital expenditure
5.0
23.0
16.3
-78.4%
Free cash flow
98.3
85.0
74.9
+15.6%
Free cash flow margin
24.6%
20.4%
19.7%
Cash from investing
5.0
4.3
-25.8
+17.7%
Cash from financing
-88.4
-63.4
-62.5
Depreciation and amortisation
6.9
6.8
6.3
+1.0%
Share-based compensation
17.3
17.5
17.0
-1.1%
Buybacks
40.0
22.0
27.9
+82.4%
Dividends paid
39.4
33.1
27.0
+18.7%
Dividend per share
$0.76
$0.64
$0.52
+18.8%
Diluted shares, weighted
53m
54m
54m
-1.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
361
350
314
+3.2%
Debt
0.0
0.0
0.0
Operating lease liabilities
14.3
18.2
0.0
-21.0%
Other liabilities
204
195
155
+4.7%
Total liabilities and equity
580
563
469
+3.0%
Fixed assets
59.8
61.6
46.1
-2.9%
Goodwill
8.6
8.6
8.6
0.0%
Investments
45.0
55.2
81.5
-18.4%
Trading assets
n/a
n/a
57.8
Cash and equivalents
198
176
127
+12.0%
Receivables
112
120
106
-7.1%
Other assets
158
141
42.1
+11.4%
Total assets
580
563
469
+3.0%
10-K for the year ended 1 January 2021, filed 26 February 2021: the filing.