Northwest Natural Holding (NWN) FY2020 results: revenue $774 million, up 3.7% on the year
Northwest Natural Holding Co. (NWN) reported revenue of $774 million for fiscal 2020, the year ended 31 December 2020, up 3.7% on the year before. Net income was $77 million, up 24.4%, and diluted earnings per share $2.51. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$774 million
+3.7% on the year
FY2016FY2020
Operating margin
19.2%
19.2% a year earlier
FY2016FY2020
Net income
$77 million
+24.4% on the year
FY2016FY2020
Diluted EPS
$2.51
+21.3% on the year
FY2016FY2020
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
774
746
706
+3.7%
Operating income
148
143
132
+3.4%
Operating margin
19.2%
19.2%
18.7%
Pre-tax income
91.4
78.0
91.5
+17.2%
Income tax
21.1
12.6
24.2
+66.8%
Effective tax rate
23.1%
16.2%
26.4%
Net income
76.8
61.7
64.6
+24.4%
Net margin
9.9%
8.3%
9.1%
Diluted EPS
$2.51
$2.07
$2.24
+21.3%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
145
186
169
-21.9%
Capital expenditure
273
223
215
+22.2%
Free cash flow
-128
-37.5
-45.9
Free cash flow margin
-16.5%
-5.0%
-6.5%
Cash from investing
-294
-304
-217
Cash from financing
172
115
57.8
+48.7%
Depreciation and amortisation
104
91.5
85.2
+13.3%
Buybacks
n/a
0.0
0.0
Dividends paid
55.4
53.3
51.3
+3.9%
Dividend per share
$1.91
$1.90
$1.89
+0.5%
Diluted shares, weighted
31m
30m
29m
+2.5%
Shares outstanding at period end
31m
30m
29m
+0.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
889
866
763
+2.6%
Debt
1,260
1,030
954
+22.3%
Operating lease liabilities
80.6
0.8
0.0
+9,486.3%
Other liabilities
1,527
1,531
1,526
-0.3%
Total liabilities and equity
3,756
3,428
3,243
+9.6%
Fixed assets
2,655
2,439
2,421
+8.9%
Goodwill
69.2
49.9
9.0
+38.6%
Cash and equivalents
30.2
9.6
12.6
+212.7%
Other assets
1,002
930
800
+7.8%
Total assets
3,756
3,428
3,243
+9.6%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.