Nucor (NUE) FY2019 results: revenue $22.6 billion, down 9.9% on the year
Nucor Corp. (NUE) reported revenue of $22.6 billion for fiscal 2019, the year ended 31 December 2019, down 9.9% on the year before. Net income was $1.3 billion, down 46.2%, and diluted earnings per share $4.14. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$22.6 billion
-9.9% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$1.3 billion
-46.2% on the year
FY2012FY2019
Diluted EPS
$4.14
-44.2% 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
22,589
25,067
20,252
-9.9%
Cost of revenue
19,910
20,772
17,683
-4.2%
Gross profit
2,679
4,295
2,569
-37.6%
Gross margin
11.9%
17.1%
12.7%
Selling, general and administrative
711
861
688
-17.4%
Interest expense
157
161
187
-2.4%
Pre-tax income
1,783
3,229
1,750
-44.8%
Income tax
412
748
369
-45.0%
Effective tax rate
23.1%
23.2%
21.1%
Net income
1,271
2,361
1,319
-46.2%
Net margin
5.6%
9.4%
6.5%
Diluted EPS
$4.14
$7.42
$4.10
-44.2%
$ 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
2,809
2,394
1,055
+17.4%
Capital expenditure
1,477
983
449
+50.4%
Free cash flow
1,332
1,411
607
-5.6%
Free cash flow margin
5.9%
5.6%
3.0%
Cash from investing
-1,794
-1,030
-919
Cash from financing
-880
-908
-1,242
Depreciation and amortisation
735
720
727
+2.1%
Share-based compensation
90.4
73.4
64.2
+23.1%
Buybacks
299
854
90.3
-65.0%
Dividends paid
492
485
485
+1.4%
Dividend per share
$1.60
$1.54
$1.51
+4.1%
Diluted shares, weighted
306m
317m
321m
-3.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
10,358
9,792
8,739
+5.8%
Non-controlling interest
433
410
346
+5.7%
Debt
4,383
4,291
3,795
+2.1%
Other liabilities
3,170
3,427
2,961
-7.5%
Total liabilities and equity
18,345
17,921
15,841
+2.4%
Fixed assets
6,179
5,335
5,093
+15.8%
Goodwill
2,201
2,184
2,196
+0.8%
Intangible assets
742
829
915
-10.4%
Investments
300
0.0
50.0
Cash and equivalents
1,535
1,399
949
+9.7%
Receivables
2,160
2,506
2,029
-13.8%
Inventory
3,842
4,554
3,462
-15.6%
Other assets
1,386
1,115
1,148
+24.3%
Total assets
18,345
17,921
15,841
+2.4%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.