Jacobs Solutions (J) FY2020 results: revenue $13.6 billion, up 6.5% on the year
Jacobs Solutions Inc. (J) reported revenue of $13.6 billion for fiscal 2020, the year ended 2 October 2020, up 6.5% on the year before. Net income was $492 million, down 42.0%, and diluted earnings per share $3.71. The figures are the company's own, from the 10-K it filed with the SEC on 24 November 2020.
Revenue
$13.6 billion
+6.5% on the year
FY2013FY2020
Operating margin
4.0%
3.2% a year earlier
FY2013FY2020
Net income
$492 million
-42.0% on the year
FY2013FY2020
Diluted EPS
$3.71
-39.0% 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
13,567
12,738
10,580
+6.5%
Cost of revenue
10,980
10,261
8,421
+7.0%
Gross profit
2,587
2,477
2,159
+4.4%
Gross margin
19.1%
19.4%
20.4%
Selling, general and administrative
2,051
2,072
1,771
-1.0%
Operating income
536
405
387
+32.4%
Operating margin
4.0%
3.2%
3.7%
Interest expense
62.2
83.8
76.8
-25.8%
Pre-tax income
441
351
331
+25.7%
Income tax
55.3
37.0
326
+49.7%
Effective tax rate
12.5%
10.5%
98.4%
Net income
492
848
163
-42.0%
Net margin
3.6%
6.7%
1.5%
Diluted EPS
$3.71
$6.08
$1.17
-39.0%
$ 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
807
-366
481
Capital expenditure
118
136
94.9
-13.0%
Free cash flow
689
-502
386
Free cash flow margin
5.1%
-3.9%
3.7%
Cash from investing
-429
2,152
-1,578
Cash from financing
-208
-1,969
1,142
Depreciation and amortisation
91.1
90.2
118
+1.0%
Share-based compensation
48.1
69.1
79.2
-30.4%
Buybacks
337
854
3.0
-60.5%
Dividends paid
97.9
106
86.6
-8.0%
Dividend per share
$0.19
$0.19
$0.60
0.0%
Diluted shares, weighted
133m
139m
139m
-4.7%
Shares outstanding at period end
130m
133m
142m
-2.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
5,816
5,715
5,854
+1.8%
Non-controlling interest
40.0
54.0
90.0
-26.0%
Redeemable equity
0.0
n/a
n/a
Short-term borrowings
0.0
n/a
n/a
Debt
1,677
1,401
2,147
+19.7%
Operating lease liabilities
735
0.0
n/a
Other liabilities
4,087
4,293
4,555
-4.8%
Total liabilities and equity
12,354
11,463
12,646
+7.8%
Fixed assets
319
308
258
+3.6%
Goodwill
5,639
5,433
4,796
+3.8%
Intangible assets
658
665
573
-1.0%
Cash and equivalents
862
631
635
+36.7%
Receivables
3,167
2,840
2,514
+11.5%
Other assets
1,708
1,586
3,870
+7.7%
Total assets
12,354
11,463
12,646
+7.8%
10-K for the year ended 2 October 2020, filed 24 November 2020: the filing.