Koppers Holdings (KOP) FY2019 results: revenue $1.6 billion, up 4.8% on the year
Koppers Holdings Inc. (KOP) reported revenue of $1.6 billion for fiscal 2019, the year ended 31 December 2019, up 4.8% on the year before. Net income was $67 million, up 184.6%, and diluted earnings per share $3.16. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2020.
Revenue
$1.6 billion
+4.8% on the year
FY2012FY2019
Operating margin
7.6%
5.4% a year earlier
FY2012FY2019
Net income
$67 million
+184.6% on the year
FY2012FY2019
Diluted EPS
$3.16
+187.3% on the year
FY2012FY2019
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Revenue
1,637
1,563
1,476
+4.8%
Cost of revenue
1,306
1,261
1,154
+3.6%
Gross profit
331
302
321
+9.6%
Gross margin
20.2%
19.3%
21.8%
Research and development
n/a
n/a
9.0
Selling, general and administrative
148
158
132
-6.3%
Operating income
125
84.4
124
+48.1%
Operating margin
7.6%
5.4%
8.4%
Interest expense
61.7
54.1
42.5
+14.0%
Pre-tax income
63.7
31.2
60.3
+104.2%
Income tax
0.0
25.7
29.0
Effective tax rate
0.0%
82.4%
48.1%
Net income
66.6
23.4
29.1
+184.6%
Net margin
4.1%
1.5%
2.0%
Diluted EPS
$3.16
$1.10
$1.32
+187.3%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
115
78.3
102
+47.3%
Capital expenditure
37.2
110
67.5
-66.1%
Free cash flow
78.1
-31.4
34.3
Free cash flow margin
4.8%
-2.0%
2.3%
Cash from investing
-33.8
-376
-56.5
Cash from financing
-88.7
283
-5.9
Depreciation and amortisation
51.4
46.9
49.8
+9.6%
Share-based compensation
12.1
12.5
10.6
-3.2%
Buybacks
0.9
31.8
5.2
-97.2%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
21m
21m
22m
-1.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
147
56.2
99.9
+162.1%
Non-controlling interest
11.4
10.8
5.9
+5.6%
Debt
912
1,003
689
-9.0%
Operating lease liabilities
91.5
0.0
n/a
Other liabilities
402
410
406
-1.9%
Total liabilities and equity
1,565
1,480
1,200
+5.7%
Fixed assets
359
418
328
-14.1%
Goodwill
296
296
188
-0.1%
Intangible assets
168
188
130
-10.4%
Cash and equivalents
32.3
37.4
50.9
-13.6%
Receivables
162
190
159
-14.8%
Inventory
288
285
237
+1.3%
Other assets
259
65.7
107
+293.9%
Total assets
1,565
1,480
1,200
+5.7%
10-K for the year ended 31 December 2019, filed 27 February 2020: the filing.