Netscout Systems (NTCT) FY2020 results: revenue $892 million, down 2.0% on the year
Netscout Systems Inc. (NTCT) reported revenue of $892 million for fiscal 2020, the year ended 31 March 2020, down 2.0% on the year before. Net income was -$3 million, and diluted earnings per share $-0.04. The figures are the company's own, from the 10-K it filed with the SEC on 20 May 2020.
Revenue
$892 million
-2.0% on the year
FY2013FY2020
Operating margin
2.0%
-7.9% a year earlier
FY2013FY2020
Net income
-$3 million
FY2013FY2020
Diluted EPS
-$0.04
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
892
910
987
-2.0%
Cost of revenue
242
254
272
-4.7%
Gross profit
650
656
715
-0.9%
Gross margin
72.8%
72.1%
72.4%
Research and development
188
204
215
-7.5%
Operating income
17.6
-71.6
-4.1
Operating margin
2.0%
-7.9%
-0.4%
Interest expense
20.6
26.1
12.6
-21.2%
Pre-tax income
1.9
-92.9
-18.7
Income tax
4.7
-19.6
-98.5
Effective tax rate
243.1%
n/a
n/a
Net income
-2.8
-73.3
79.8
Net margin
-0.3%
-8.1%
8.1%
Diluted EPS
-$0.04
-$0.93
$0.90
$ 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
225
150
222
+50.2%
Capital expenditure
19.9
23.4
15.9
-14.8%
Free cash flow
205
126
207
+62.2%
Free cash flow margin
23.0%
13.9%
20.9%
Cash from investing
-4.3
-26.3
57.1
Cash from financing
-287
-79.3
-221
Depreciation and amortisation
116
138
154
-15.8%
Share-based compensation
50.9
56.3
47.3
-9.7%
Buybacks
175
14.5
501
+1,109.6%
Diluted shares, weighted
75m
79m
88m
-4.4%
Shares outstanding at period end
72m
78m
80m
-6.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,938
2,065
2,069
-6.2%
Debt
450
550
600
-18.2%
Operating lease liabilities
70.7
n/a
n/a
Other liabilities
662
655
700
+1.1%
Total liabilities and equity
3,121
3,270
3,369
-4.6%
Fixed assets
57.7
59.0
52.5
-2.1%
Goodwill
1,726
1,715
1,713
+0.6%
Intangible assets
582
669
831
-13.0%
Investments
50.6
77.4
77.9
-34.6%
Cash and equivalents
338
410
370
-17.4%
Receivables
214
235
213
-9.3%
Inventory
22.2
26.3
34.8
-15.4%
Other assets
130
77.9
76.0
+67.1%
Total assets
3,121
3,270
3,369
-4.6%
10-K for the year ended 31 March 2020, filed 20 May 2020: the filing.