Interparfums (IPAR) FY2020 results: revenue $539 million, down 24.5% on the year
Interparfums Inc. (IPAR) reported revenue of $539 million for fiscal 2020, the year ended 31 December 2020, down 24.5% on the year before. Net income was $38 million, down 36.6%, and diluted earnings per share $1.21. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2021.
Revenue
$539 million
-24.5% on the year
FY2013FY2020
Operating margin
13.0%
14.7% a year earlier
FY2013FY2020
Net income
$38 million
-36.6% on the year
FY2013FY2020
Diluted EPS
$1.21
-36.3% 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
539
714
676
-24.5%
Cost of revenue
208
268
248
-22.2%
Gross profit
331
446
428
-25.8%
Gross margin
61.4%
62.5%
63.3%
Selling, general and administrative
261
341
333
-23.6%
Operating income
70.1
105
94.7
-33.1%
Operating margin
13.0%
14.7%
14.0%
Interest expense
2.0
2.1
2.6
-8.2%
Pre-tax income
69.3
105
95.9
-34.0%
Income tax
19.4
29.1
26.1
-33.3%
Effective tax rate
27.9%
27.7%
27.3%
Net income
38.2
60.2
53.8
-36.6%
Net margin
7.1%
8.4%
8.0%
Diluted EPS
$1.21
$1.90
$1.71
-36.3%
$ 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
65.0
76.5
63.0
-15.0%
Capital expenditure
11.0
5.4
4.0
+102.9%
Free cash flow
54.0
71.0
59.1
-24.0%
Free cash flow margin
10.0%
10.0%
8.7%
Cash from investing
-22.3
-64.6
-13.6
Cash from financing
-18.6
-68.2
-55.9
Depreciation and amortisation
9.1
3.7
4.1
+145.1%
Share-based compensation
3.0
3.4
2.2
-10.8%
Dividends paid
20.8
34.6
26.3
-39.8%
Dividend per share
$0.33
$1.16
$0.91
-71.6%
Diluted shares, weighted
32m
32m
32m
-0.1%
Shares outstanding at period end
32m
32m
31m
+0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
536
468
448
+14.5%
Non-controlling interest
167
141
138
+18.2%
Debt
24.7
23.1
46.1
+7.1%
Operating lease liabilities
21.4
24.6
n/a
-13.3%
Other liabilities
142
172
167
-17.7%
Total liabilities and equity
890
829
799
+7.4%
Fixed assets
19.6
11.1
9.8
+76.3%
Intangible assets
214
202
204
+6.0%
Investments
127
120
67.9
+5.8%
Cash and equivalents
170
133
193
+27.2%
Receivables
124
133
133
-6.7%
Inventory
159
168
162
-5.4%
Other assets
77.3
61.8
28.9
+25.0%
Total assets
890
829
799
+7.4%
10-K for the year ended 31 December 2020, filed 1 March 2021: the filing.