GoDaddy (GDDY) FY2019 results: revenue $3.0 billion, up 12.3% on the year
GoDaddy Inc. (GDDY) reported revenue of $3.0 billion for fiscal 2019, the year ended 31 December 2019, up 12.3% on the year before. Net income was $137 million, up 77.7%, and diluted earnings per share $0.76. The figures are the company's own, from the 10-K it filed with the SEC on 21 February 2020.
Revenue
$3.0 billion
+12.3% on the year
FY2016FY2019
Operating margin
6.8%
5.6% a year earlier
FY2016FY2019
Net income
$137 million
+77.7% on the year
FY2016FY2019
Diluted EPS
$0.76
+68.9% on the year
FY2016FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
2,988
2,660
2,232
+12.3%
Cost of revenue
1,027
894
776
+14.9%
Gross profit
1,961
1,766
1,456
+11.0%
Gross margin
65.6%
66.4%
65.3%
Operating income
203
150
66.9
+35.4%
Operating margin
6.8%
5.6%
3.0%
Interest expense
92.1
98.4
83.0
-6.4%
Pre-tax income
126
73.0
107
+73.2%
Income tax
-12.0
-9.0
-18.9
Effective tax rate
-9.5%
-12.3%
-17.7%
Net income
137
77.1
136
+77.7%
Net margin
4.6%
2.9%
6.1%
Diluted EPS
$0.76
$0.45
$0.79
+68.9%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
723
560
476
+29.2%
Capital expenditure
87.6
87.7
83.2
-0.1%
Free cash flow
636
472
392
+34.7%
Free cash flow margin
21.3%
17.7%
17.6%
Cash from investing
-135
-255
-1,570
Cash from financing
-457
47.0
1,108
Depreciation and amortisation
210
234
206
-10.4%
Share-based compensation
147
126
76.4
+17.1%
Buybacks
459
0.0
0.0
Diluted shares, weighted
182m
n/a
n/a
Shares outstanding at period end
n/a
175m
168m
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
772
793
486
-2.6%
Non-controlling interest
10.1
31.8
60.0
-68.2%
Debt
2,395
2,411
2,428
-0.6%
Operating lease liabilities
193
n/a
n/a
Other liabilities
2,931
2,848
2,764
+2.9%
Total liabilities and equity
6,301
6,083
5,738
+3.6%
Fixed assets
259
299
298
-13.5%
Goodwill
2,976
2,948
2,860
+1.0%
Intangible assets
1,098
1,212
1,326
-9.4%
Investments
23.6
18.9
12.3
+24.9%
Cash and equivalents
1,063
932
583
+14.0%
Receivables
30.2
26.4
18.4
+14.4%
Other assets
852
647
641
+31.6%
Total assets
6,301
6,083
5,738
+3.6%
10-K for the year ended 31 December 2019, filed 21 February 2020: the filing.