Koppers Holdings (KOP) FY2020 results: revenue $1.7 billion, up 2.0% on the year
Koppers Holdings Inc. (KOP) reported revenue of $1.7 billion for fiscal 2020, the year ended 31 December 2020, up 2.0% on the year before. Net income was $122 million, up 83.2%, and diluted earnings per share $5.71. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2021.
Revenue
$1.7 billion
+2.0% on the year
FY2013FY2020
Operating margin
9.4%
7.6% a year earlier
FY2013FY2020
Net income
$122 million
+83.2% on the year
FY2013FY2020
Diluted EPS
$5.71
+80.7% 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
1,669
1,637
1,563
+2.0%
Cost of revenue
1,309
1,306
1,261
+0.2%
Gross profit
360
331
302
+9.0%
Gross margin
21.6%
20.2%
19.3%
Selling, general and administrative
143
148
158
-3.5%
Operating income
157
125
84.4
+25.4%
Operating margin
9.4%
7.6%
5.4%
Interest expense
48.9
61.7
54.1
-20.7%
Pre-tax income
110
63.7
31.2
+72.8%
Income tax
21.0
0.0
25.7
Effective tax rate
19.1%
0.0%
82.4%
Net income
122
66.6
23.4
+83.2%
Net margin
7.3%
4.1%
1.5%
Diluted EPS
$5.71
$3.16
$1.10
+80.7%
$ 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
127
115
78.3
+10.2%
Capital expenditure
69.8
37.2
110
+87.6%
Free cash flow
57.3
78.1
-31.4
-26.6%
Free cash flow margin
3.4%
4.8%
-2.0%
Cash from investing
5.6
-33.8
-376
Cash from financing
-129
-88.7
283
Depreciation and amortisation
54.1
51.4
46.9
+5.3%
Share-based compensation
11.3
12.1
12.5
-6.6%
Buybacks
1.6
0.9
31.8
+77.8%
Dividends paid
0.0
0.0
0.0
Diluted shares, weighted
21m
21m
21m
+1.5%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
342
147
56.2
+132.0%
Non-controlling interest
4.3
11.4
10.8
-62.3%
Debt
784
912
1,003
-14.0%
Operating lease liabilities
81.3
91.5
0.0
-11.1%
Other liabilities
387
402
410
-3.8%
Total liabilities and equity
1,599
1,565
1,480
+2.2%
Fixed assets
409
359
418
+14.0%
Goodwill
298
296
296
+0.6%
Intangible assets
150
168
188
-11.0%
Cash and equivalents
38.5
32.3
37.4
+19.2%
Receivables
175
162
190
+8.3%
Inventory
296
288
285
+2.5%
Other assets
232
259
65.7
-10.2%
Total assets
1,599
1,565
1,480
+2.2%
10-K for the year ended 31 December 2020, filed 24 February 2021: the filing.