Nucor (NUE) FY2020 results: revenue $20.1 billion, down 10.8% on the year
Nucor Corp. (NUE) reported revenue of $20.1 billion for fiscal 2020, the year ended 31 December 2020, down 10.8% on the year before. Net income was $721 million, down 43.2%, and diluted earnings per share $2.36. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$20.1 billion
-10.8% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$721 million
-43.2% on the year
FY2013FY2020
Diluted EPS
$2.36
-43.0% 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
20,140
22,589
25,067
-10.8%
Cost of revenue
17,912
19,910
20,772
-10.0%
Gross profit
2,228
2,679
4,295
-16.8%
Gross margin
11.1%
11.9%
17.1%
Selling, general and administrative
615
711
861
-13.5%
Interest expense
167
157
161
+5.9%
Pre-tax income
836
1,783
3,229
-53.1%
Income tax
-0.5
412
748
Effective tax rate
-0.1%
23.1%
23.2%
Net income
721
1,271
2,361
-43.2%
Net margin
3.6%
5.6%
9.4%
Diluted EPS
$2.36
$4.14
$7.42
-43.0%
$ 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
2,697
2,809
2,394
-4.0%
Capital expenditure
1,543
1,477
983
+4.5%
Free cash flow
1,154
1,332
1,411
-13.4%
Free cash flow margin
5.7%
5.9%
5.6%
Cash from investing
-1,764
-1,794
-1,030
Cash from financing
286
-880
-908
Depreciation and amortisation
786
735
720
+6.9%
Share-based compensation
73.9
90.4
73.4
-18.3%
Buybacks
39.5
299
854
-86.8%
Dividends paid
492
492
485
-0.1%
Dividend per share
$1.61
$1.60
$1.54
+0.6%
Diluted shares, weighted
303m
306m
317m
-0.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
10,789
10,358
9,792
+4.2%
Non-controlling interest
443
433
410
+2.3%
Debt
5,341
4,383
4,291
+21.8%
Operating lease liabilities
75.7
n/a
n/a
Finance lease liabilities
79.5
n/a
n/a
Other liabilities
3,398
3,170
3,427
+7.2%
Total liabilities and equity
20,125
18,345
17,921
+9.7%
Fixed assets
6,899
6,179
5,335
+11.7%
Goodwill
2,230
2,201
2,184
+1.3%
Intangible assets
668
742
829
-10.0%
Investments
408
300
0.0
+36.0%
Cash and equivalents
2,640
1,535
1,399
+72.0%
Receivables
2,299
2,160
2,506
+6.4%
Inventory
3,569
3,842
4,554
-7.1%
Other assets
1,413
1,386
1,115
+1.9%
Total assets
20,125
18,345
17,921
+9.7%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.