HCI Group (HCI) FY2020 results: revenue $310 million, up 28.0% on the year
HCI Group, Inc. (HCI) reported revenue of $310 million for fiscal 2020, the year ended 31 December 2020, up 28.0% on the year before. Net income was $28 million, up 3.8%, and diluted earnings per share $3.49. The figures are the company's own, from the 10-K it filed with the SEC on 12 March 2021.
Revenue
$310 million
+28.0% on the year
FY2013FY2020
Operating margin
11.9%
14.9% a year earlier
FY2013FY2020
Net income
$28 million
+3.8% on the year
FY2013FY2020
Diluted EPS
$3.49
+5.4% 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
310
242
231
+28.0%
Operating income
36.9
36.1
26.9
+2.3%
Operating margin
11.9%
14.9%
11.6%
Interest expense
11.7
13.1
18.1
-10.1%
Pre-tax income
36.9
36.1
26.9
+2.3%
Income tax
9.3
9.5
9.2
-1.8%
Effective tax rate
25.3%
26.4%
34.1%
Net income
27.6
26.6
17.7
+3.8%
Net margin
8.9%
11.0%
7.7%
Diluted EPS
$3.49
$3.31
$2.34
+5.4%
$ 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
77.3
54.0
28.6
+43.0%
Capital expenditure
6.4
2.9
2.2
+123.0%
Free cash flow
70.9
51.2
26.4
+38.5%
Free cash flow margin
22.8%
21.1%
11.4%
Cash from investing
143
50.5
-17.7
+183.8%
Cash from financing
-16.7
-115
-27.3
Depreciation and amortisation
1.9
1.6
1.4
+19.5%
Share-based compensation
8.1
6.5
4.6
+25.9%
Buybacks
1.5
1.2
1.2
+28.6%
Dividends paid
12.7
13.0
11.3
-2.4%
Dividend per share
$1.60
$1.60
$1.48
0.0%
Diluted shares, weighted
10m
10m
8m
-5.3%
Shares outstanding at period end
8m
8m
8m
+0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
201
186
181
+8.4%
Non-controlling interest
0.0
n/a
n/a
Redeemable equity
0.0
n/a
n/a
Debt
162
174
265
-6.7%
Other liabilities
578
443
386
+30.4%
Total liabilities and equity
941
803
833
+17.3%
Fixed assets
12.8
14.7
13.3
-13.1%
Intangible assets
3.6
4.2
4.8
-14.9%
Investments
n/a
n/a
66.5
Securities held for sale or to maturity
71.7
203
n/a
-64.6%
Cash and equivalents
431
229
239
+88.2%
Other assets
422
352
509
+20.0%
Total assets
941
803
833
+17.3%
10-K for the year ended 31 December 2020, filed 12 March 2021: the filing.