Johnson Controls International (JCI) FY2020 results: revenue $22.3 billion, down 6.9% on the year
Johnson Controls International plc (JCI) reported revenue of $22.3 billion for fiscal 2020, the year ended 30 September 2020, down 6.9% on the year before. Net income was $631 million, down 88.9%, and diluted earnings per share $0.84. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2020.
Revenue
$22.3 billion
-6.9% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$631 million
-88.9% on the year
FY2013FY2020
Diluted EPS
$0.84
-87.1% 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
22,317
23,968
23,400
-6.9%
Cost of revenue
14,906
16,275
15,733
-8.4%
Gross profit
7,411
7,693
7,667
-3.7%
Gross margin
33.2%
32.1%
32.8%
Research and development
274
319
310
-14.1%
Selling, general and administrative
5,665
6,244
5,642
-9.3%
Interest expense
240
335
409
-28.4%
Pre-tax income
903
1,056
1,546
-14.5%
Income tax
108
-233
197
Effective tax rate
12.0%
-22.1%
12.7%
Net income
631
5,674
2,162
-88.9%
Net margin
2.8%
23.7%
9.2%
Diluted EPS
$0.84
$6.49
$2.32
-87.1%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
2,479
1,743
1,520
+42.2%
Capital expenditure
443
586
645
-24.4%
Free cash flow
2,036
1,157
875
+76.0%
Free cash flow margin
9.1%
4.8%
3.7%
Cash from investing
-258
-533
1,568
Cash from financing
-2,824
-10,519
-3,752
Depreciation and amortisation
822
825
824
-0.4%
Share-based compensation
74.0
95.0
106
-22.1%
Buybacks
2,204
5,983
300
-63.2%
Dividends paid
790
920
954
-14.1%
Dividend per share
$1.04
$1.04
$1.04
0.0%
Diluted shares, weighted
754m
874m
932m
-13.8%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
17,447
19,766
21,164
-11.7%
Non-controlling interest
1,086
1,063
1,294
+2.2%
Redeemable equity
n/a
n/a
0.0
Debt
7,819
7,219
10,930
+8.3%
Other liabilities
14,463
14,239
15,409
+1.6%
Total liabilities and equity
40,815
42,287
48,797
-3.5%
Fixed assets
3,059
3,348
3,300
-8.6%
Goodwill
17,932
18,178
18,381
-1.4%
Intangible assets
5,356
5,632
6,187
-4.9%
Cash and equivalents
1,951
2,805
185
-30.4%
Receivables
5,294
5,770
5,622
-8.2%
Inventory
1,773
1,814
1,819
-2.3%
Other assets
5,450
4,740
13,303
+15.0%
Total assets
40,815
42,287
48,797
-3.5%
10-K for the year ended 30 September 2020, filed 16 November 2020: the filing.