KKR (KKR) FY2020 results: revenue $4.2 billion, up 0.2% on the year
KKR & Co. Inc. (KKR) reported revenue of $4.2 billion for fiscal 2020, the year ended 31 December 2020, up 0.2% on the year before. Net income was $2.0 billion, down 0.1%, and diluted earnings per share $3.37. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2021.
Revenue
$4.2 billion
+0.2% on the year
FY2016FY2020
Operating margin
n/a
FY2016FY2020
Net income
$2.0 billion
-0.1% on the year
FY2016FY2020
Diluted EPS
$3.37
-4.8% on the year
FY2016FY2020
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
4,231
4,221
2,396
+0.2%
Interest expense
970
1,044
876
-7.1%
Pre-tax income
5,727
5,168
2,257
+10.8%
Income tax
609
529
-194
+15.2%
Effective tax rate
10.6%
10.2%
-8.6%
Net income
2,003
2,005
1,131
-0.1%
Net margin
47.3%
47.5%
47.2%
Diluted EPS
$3.37
$3.54
$2.06
-4.8%
$ 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
-5,954
-5,682
-7,606
Capital expenditure
n/a
195
103
Free cash flow
n/a
-5,877
-7,709
Free cash flow margin
n/a
-139.2%
-321.8%
Cash from investing
-153
-207
-78.6
Cash from financing
9,804
6,485
6,616
+51.2%
Depreciation and amortisation
18.6
17.7
15.0
+5.1%
Share-based compensation
327
298
332
+9.8%
Buybacks
246
72.1
173
+241.3%
Dividends paid
297
271
322
+9.5%
Dividend per share
$0.53
$0.50
$0.29
+6.0%
Diluted shares, weighted
584m
558m
n/a
+4.7%
Shares outstanding at period end
573m
560m
n/a
+2.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
13,717
10,807
8,650
+26.9%
Non-controlling interest
27,083
19,695
15,610
+37.5%
Redeemable equity
0.0
0.0
1,123
Debt
33,501
27,152
22,639
+23.4%
Other liabilities
5,505
3,245
2,722
+69.6%
Total liabilities and equity
79,807
60,899
50,743
+31.0%
Fixed assets
761
633
451
+20.2%
Goodwill
83.5
83.5
83.5
0.0%
Intangible assets
n/a
n/a
9.9
Cash and equivalents
5,363
2,347
1,751
+128.5%
Other assets
73,599
57,836
48,448
+27.3%
Total assets
79,807
60,899
50,743
+31.0%
10-K for the year ended 31 December 2020, filed 19 February 2021: the filing.