Interparfums (IPAR) FY2019 results: revenue $714 million, up 5.6% on the year
Interparfums Inc. (IPAR) reported revenue of $714 million for fiscal 2019, the year ended 31 December 2019, up 5.6% on the year before. Net income was $60 million, up 12.0%, and diluted earnings per share $1.90. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$714 million
+5.6% on the year
FY2012FY2019
Operating margin
14.7%
14.0% a year earlier
FY2012FY2019
Net income
$60 million
+12.0% on the year
FY2012FY2019
Diluted EPS
$1.90
+11.1% on the year
FY2012FY2019
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
714
676
591
+5.6%
Cost of revenue
268
248
215
+7.9%
Gross profit
446
428
376
+4.3%
Gross margin
62.5%
63.3%
63.6%
Selling, general and administrative
341
333
296
+2.5%
Operating income
105
94.7
78.6
+10.6%
Operating margin
14.7%
14.0%
13.3%
Interest expense
2.1
2.6
2.0
-16.8%
Pre-tax income
105
95.9
78.1
+9.7%
Income tax
29.1
26.1
22.8
+11.2%
Effective tax rate
27.7%
27.3%
29.2%
Net income
60.2
53.8
41.6
+12.0%
Net margin
8.4%
8.0%
7.0%
Diluted EPS
$1.90
$1.71
$1.33
+11.1%
$ 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
76.5
63.0
35.9
+21.3%
Capital expenditure
5.4
4.0
3.0
+37.2%
Free cash flow
71.0
59.1
32.9
+20.2%
Free cash flow margin
10.0%
8.7%
5.6%
Cash from investing
-64.6
-13.6
36.9
Cash from financing
-68.2
-55.9
-47.6
Depreciation and amortisation
3.7
4.1
3.8
-9.8%
Share-based compensation
3.4
2.2
2.1
+53.9%
Dividends paid
34.6
26.3
21.2
+31.5%
Dividend per share
$1.16
$0.91
$0.72
+27.5%
Diluted shares, weighted
32m
32m
31m
+0.5%
Shares outstanding at period end
32m
31m
31m
+0.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
468
448
433
+4.6%
Non-controlling interest
141
138
137
+2.1%
Debt
23.1
46.1
60.6
-49.9%
Operating lease liabilities
24.6
n/a
n/a
Other liabilities
172
167
147
+2.9%
Total liabilities and equity
829
799
778
+3.7%
Fixed assets
11.1
9.8
10.3
+12.9%
Intangible assets
202
204
200
-1.1%
Investments
120
67.9
69.9
+76.4%
Cash and equivalents
133
193
208
-30.9%
Receivables
133
133
121
-0.2%
Inventory
168
162
137
+3.7%
Other assets
61.8
28.9
30.9
+113.8%
Total assets
829
799
778
+3.7%
10-K for the year ended 31 December 2019, filed 1 March 2021: the filing.