Ingersoll Rand (IR) FY2020 results: revenue $4.0 billion, up 96.9% on the year
Ingersoll Rand Inc. (IR) reported revenue of $4.0 billion for fiscal 2020, the year ended 31 December 2020, up 96.9% on the year before. Net income was -$33 million, and diluted earnings per share $-0.09. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$4.0 billion
+96.9% on the year
FY2015FY2020
Operating margin
1.5%
9.6% a year earlier
FY2015FY2020
Net income
-$33 million
FY2015FY2020
Diluted EPS
-$0.09
FY2015FY2020
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
3,973
2,018
2,690
+96.9%
Cost of revenue
2,568
1,239
1,677
+107.3%
Gross profit
1,405
778
1,012
+80.5%
Gross margin
35.4%
38.6%
37.6%
Research and development
58.0
22.0
24.0
+163.6%
Selling, general and administrative
789
410
435
+92.7%
Operating income
59.6
194
443
-69.3%
Operating margin
1.5%
9.6%
16.5%
Interest expense
111
88.4
99.6
+25.7%
Pre-tax income
-45.4
110
350
Income tax
11.4
12.9
80.1
-11.6%
Effective tax rate
n/a
11.7%
22.9%
Net income
-33.3
159
269
Net margin
-0.8%
7.9%
10.0%
Diluted EPS
-$0.09
$0.76
$1.29
$ 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
914
343
444
+166.3%
Capital expenditure
42.0
37.9
52.2
+10.8%
Free cash flow
872
305
392
+185.6%
Free cash flow margin
22.0%
15.1%
14.6%
Cash from investing
-37.9
-54.3
-235
Cash from financing
329
-11.5
-373
Depreciation and amortisation
412
146
180
+181.6%
Share-based compensation
47.5
18.7
2.8
+154.0%
Buybacks
2.1
18.6
40.7
-88.7%
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
383m
209m
209m
+83.2%
Shares outstanding at period end
419m
205m
198m
+104.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
9,120
1,870
1,676
+387.7%
Non-controlling interest
69.8
0.0
n/a
Short-term borrowings
n/a
0.0
0.0
Debt
3,900
1,604
1,664
+143.1%
Operating lease liabilities
90.5
41.0
n/a
+120.7%
Finance lease liabilities
16.5
17.2
n/a
-4.1%
Other liabilities
2,863
1,096
1,147
+161.1%
Total liabilities and equity
16,059
4,628
4,487
+247.0%
Fixed assets
609
327
357
+86.5%
Goodwill
5,583
1,093
1,290
+410.8%
Intangible assets
3,797
1,255
1,368
+202.6%
Cash and equivalents
1,751
506
221
+246.4%
Receivables
862
459
525
+87.7%
Inventory
717
502
524
+42.6%
Other assets
2,740
487
202
+462.9%
Total assets
16,059
4,628
4,487
+247.0%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.