One Gas (OGS) FY2020 results: revenue $1.5 billion, down 7.4% on the year
One Gas, Inc. (OGS) reported revenue of $1.5 billion for fiscal 2020, the year ended 31 December 2020, down 7.4% on the year before. Net income was $196 million, up 5.2%, and diluted earnings per share $3.68. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$1.5 billion
-7.4% on the year
FY2016FY2020
Operating margin
19.8%
17.9% a year earlier
FY2016FY2020
Net income
$196 million
+5.2% on the year
FY2016FY2020
Diluted EPS
$3.68
+4.8% 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
1,530
1,653
1,634
-7.4%
Cost of revenue
537
n/a
n/a
Gross profit
993
n/a
n/a
Gross margin
64.9%
n/a
n/a
Operating income
304
295
288
+2.8%
Operating margin
19.8%
17.9%
17.7%
Interest expense
62.5
62.7
51.3
-0.3%
Pre-tax income
238
230
226
+3.7%
Income tax
41.6
42.9
53.5
-3.0%
Effective tax rate
17.5%
18.7%
23.7%
Net income
196
187
172
+5.2%
Net margin
12.8%
11.3%
10.5%
Diluted EPS
$3.68
$3.51
$3.25
+4.8%
$ 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
364
310
468
+17.4%
Capital expenditure
471
417
394
+12.9%
Free cash flow
-107
-107
73.2
Free cash flow margin
-7.0%
-6.5%
4.5%
Cash from investing
-470
-423
-394
Cash from financing
96.0
109
-66.3
-12.0%
Share-based compensation
9.8
9.3
8.2
+5.3%
Buybacks
n/a
0.0
0.0
Dividends paid
114
105
96.6
+8.5%
Dividend per share
$2.16
$2.00
$1.84
+8.0%
Diluted shares, weighted
53m
53m
53m
+0.2%
Shares outstanding at period end
53m
53m
53m
+0.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
2,233
2,129
2,043
+4.9%
Debt
2,001
1,803
1,585
+11.0%
Operating lease liabilities
30.8
28.0
n/a
+10.0%
Other liabilities
1,764
1,748
1,841
+0.9%
Total liabilities and equity
6,029
5,708
5,469
+5.6%
Goodwill
158
158
158
0.0%
Cash and equivalents
8.0
17.9
21.3
-55.2%
Receivables
293
250
295
+17.2%
Other assets
5,570
5,282
4,994
+5.4%
Total assets
6,029
5,708
5,469
+5.6%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.