Warrior Met Coal (HCC) FY2020 results: revenue $783 million, down 38.3% on the year
Warrior Met Coal, Inc. (HCC) reported revenue of $783 million for fiscal 2020, the year ended 31 December 2020, down 38.3% on the year before. Net income was -$36 million, and diluted earnings per share $-0.70. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2021.
Revenue
$783 million
-38.3% on the year
FY2016FY2020
Operating margin
-3.5%
30.2% a year earlier
FY2016FY2020
Net income
-$36 million
FY2016FY2020
Diluted EPS
-$0.70
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
783
1,268
1,378
-38.3%
Cost of revenue
625
721
717
-13.3%
Gross profit
158
548
661
-71.2%
Gross margin
20.1%
43.2%
48.0%
Selling, general and administrative
32.9
37.0
36.6
-11.2%
Operating income
-27.1
383
508
Operating margin
-3.5%
30.2%
36.9%
Pre-tax income
-55.9
367
471
Income tax
-20.1
65.4
-226
Effective tax rate
n/a
17.8%
-47.9%
Net income
-35.8
302
697
Net margin
-4.6%
23.8%
50.6%
Diluted EPS
-$0.70
$5.86
$13.17
$ 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
113
533
559
-78.9%
Capital expenditure
87.5
107
102
-18.4%
Free cash flow
25.1
426
458
-94.1%
Free cash flow margin
3.2%
33.6%
33.2%
Cash from investing
-108
-134
-108
Cash from financing
14.1
-412
-282
Depreciation and amortisation
118
97.3
97.2
+21.3%
Share-based compensation
7.6
5.8
6.4
+30.6%
Buybacks
0.0
12.5
38.0
Dividends paid
10.4
240
361
-95.7%
Dividend per share
$0.20
$4.61
$6.73
-95.7%
Diluted shares, weighted
51m
51m
53m
-0.6%
Shares outstanding at period end
51m
51m
52m
+0.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
725
766
713
-5.3%
Debt
380
339
469
+12.0%
Finance lease liabilities
24.1
25.5
n/a
-5.6%
Other liabilities
265
214
213
+23.7%
Total liabilities and equity
1,394
1,344
1,395
+3.7%
Fixed assets
n/a
n/a
540
Cash and equivalents
212
193
206
+9.6%
Receivables
83.3
99.5
138
-16.3%
Inventory
119
97.9
56.7
+21.3%
Other assets
980
954
454
+2.8%
Total assets
1,394
1,344
1,395
+3.7%
10-K for the year ended 31 December 2020, filed 24 February 2021: the filing.