GoDaddy (GDDY) FY2020 results: revenue $3.3 billion, up 11.0% on the year
GoDaddy Inc. (GDDY) reported revenue of $3.3 billion for fiscal 2020, the year ended 31 December 2020, up 11.0% on the year before. Net income was -$495 million, and diluted earnings per share $-2.94. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2021.
Revenue
$3.3 billion
+11.0% on the year
FY2016FY2020
Operating margin
8.2%
6.8% a year earlier
FY2016FY2020
Net income
-$495 million
FY2016FY2020
Diluted EPS
-$2.94
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
3,317
2,988
2,660
+11.0%
Cost of revenue
1,159
1,027
894
+12.8%
Gross profit
2,158
1,961
1,766
+10.0%
Gross margin
65.1%
65.6%
66.4%
Operating income
272
203
150
+34.4%
Operating margin
8.2%
6.8%
5.6%
Interest expense
91.3
92.1
98.4
-0.9%
Pre-tax income
-495
126
73.0
Income tax
-1.3
-12.0
-9.0
Effective tax rate
n/a
-9.5%
-12.3%
Net income
-495
137
77.1
Net margin
-14.9%
4.6%
2.9%
Diluted EPS
-$2.94
$0.76
$0.45
$ 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
765
723
560
+5.7%
Capital expenditure
66.5
87.6
87.7
-24.1%
Free cash flow
698
636
472
+9.8%
Free cash flow margin
21.0%
21.3%
17.7%
Cash from investing
-482
-135
-255
Cash from financing
-582
-457
47.0
Depreciation and amortisation
203
210
234
-3.3%
Share-based compensation
192
147
126
+30.3%
Buybacks
542
459
0.0
+18.1%
Diluted shares, weighted
169m
182m
n/a
-7.2%
Shares outstanding at period end
n/a
n/a
175m
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
-12.9
772
793
Non-controlling interest
1.1
10.1
31.8
-89.1%
Debt
3,114
2,395
2,411
+30.0%
Operating lease liabilities
167
193
n/a
-13.6%
Other liabilities
3,164
2,931
2,848
+7.9%
Total liabilities and equity
6,433
6,301
6,083
+2.1%
Fixed assets
257
259
299
-0.5%
Goodwill
3,275
2,976
2,948
+10.0%
Intangible assets
1,255
1,098
1,212
+14.3%
Investments
0.0
23.6
18.9
Cash and equivalents
765
1,063
932
-28.0%
Receivables
41.8
30.2
26.4
+38.4%
Other assets
838
852
647
-1.6%
Total assets
6,433
6,301
6,083
+2.1%
10-K for the year ended 31 December 2020, filed 19 February 2021: the filing.