Fair Isaac (FICO) FY2020 results: revenue $1.3 billion, up 11.6% on the year
Fair Isaac Corp. (FICO) reported revenue of $1.3 billion for fiscal 2020, the year ended 30 September 2020, up 11.6% on the year before. Net income was $236 million, up 23.1%, and diluted earnings per share $7.90. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2020.
Revenue
$1.3 billion
+11.6% on the year
FY2013FY2020
Operating margin
22.9%
21.9% a year earlier
FY2013FY2020
Net income
$236 million
+23.1% on the year
FY2013FY2020
Diluted EPS
$7.90
+24.6% 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
1,295
1,160
1,000
+11.6%
Cost of revenue
361
337
313
+7.2%
Gross profit
933
823
687
+13.4%
Gross margin
72.1%
71.0%
68.7%
Research and development
166
149
128
+11.4%
Selling, general and administrative
421
414
377
+1.7%
Operating income
296
254
175
+16.7%
Operating margin
22.9%
21.9%
17.5%
Interest expense
42.2
39.8
31.3
+6.1%
Pre-tax income
257
216
157
+18.9%
Income tax
20.6
23.9
30.4
-14.0%
Effective tax rate
8.0%
11.1%
19.4%
Net income
236
192
126
+23.1%
Net margin
18.3%
16.6%
12.6%
Diluted EPS
$7.90
$6.34
$4.06
+24.6%
$ 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
365
260
223
+40.2%
Capital expenditure
22.0
24.0
31.3
-8.3%
Free cash flow
343
236
192
+45.1%
Free cash flow margin
26.5%
20.4%
19.2%
Cash from investing
-24.6
-42.8
-14.1
Cash from financing
-289
-200
-219
Depreciation and amortisation
30.4
31.6
30.2
-3.9%
Share-based compensation
93.7
83.0
74.8
+12.9%
Buybacks
235
229
343
+2.8%
Dividends paid
n/a
0.0
0.0
Diluted shares, weighted
30m
30m
31m
-1.2%
Shares outstanding at period end
29m
29m
29m
+0.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
331
290
287
+14.3%
Debt
834
825
764
+1.2%
Operating lease liabilities
73.2
n/a
n/a
Finance lease liabilities
3.1
n/a
n/a
Other liabilities
364
319
279
+14.3%
Total liabilities and equity
1,606
1,433
1,330
+12.1%
Fixed assets
46.4
53.0
48.8
-12.5%
Goodwill
812
804
801
+1.1%
Intangible assets
9.2
14.1
14.5
-34.7%
Investments
25.5
20.2
18.1
+26.2%
Cash and equivalents
157
106
90.0
+47.9%
Receivables
334
297
267
+12.4%
Other assets
221
139
91.4
+59.5%
Total assets
1,606
1,433
1,330
+12.1%
10-K for the year ended 30 September 2020, filed 12 November 2020: the filing.