Omnicom Group (OMC) FY2020 results: revenue $13.2 billion, down 11.9% on the year
Omnicom Group Inc. (OMC) reported revenue of $13.2 billion for fiscal 2020, the year ended 31 December 2020, down 11.9% on the year before. Net income was $945 million, down 29.4%, and diluted earnings per share $4.37. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2021.
Revenue
$13.2 billion
-11.9% on the year
FY2013FY2020
Operating margin
12.1%
14.2% a year earlier
FY2013FY2020
Net income
$945 million
-29.4% on the year
FY2013FY2020
Diluted EPS
$4.37
-27.9% 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
13,171
14,954
15,290
-11.9%
Cost of revenue
10,989
12,194
12,437
-9.9%
Gross profit
2,182
2,760
2,853
-20.9%
Gross margin
16.6%
18.5%
18.7%
Selling, general and administrative
360
406
455
-11.2%
Operating income
1,599
2,122
2,134
-24.7%
Operating margin
12.1%
14.2%
14.0%
Interest expense
222
244
266
-9.2%
Pre-tax income
1,409
1,938
1,924
-27.3%
Income tax
382
504
493
-24.3%
Effective tax rate
27.1%
26.0%
25.6%
Net income
945
1,339
1,326
-29.4%
Net margin
7.2%
9.0%
8.7%
Diluted EPS
$4.37
$6.06
$5.83
-27.9%
$ 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
1,725
1,856
1,722
-7.1%
Capital expenditure
75.4
102
196
-26.2%
Free cash flow
1,649
1,754
1,527
-6.0%
Free cash flow margin
12.5%
11.7%
10.0%
Cash from investing
-136
-30.9
-222
Cash from financing
-408
-1,222
-1,441
Depreciation and amortisation
223
232
264
-3.8%
Share-based compensation
70.8
72.5
70.5
-2.3%
Buybacks
222
610
581
-63.6%
Dividends paid
563
564
548
-0.3%
Dividend per share
$2.60
$2.60
$2.40
0.0%
Diluted shares, weighted
216m
221m
228m
-2.1%
Shares outstanding at period end
215m
217m
224m
-1.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,084
2,854
2,547
+8.1%
Non-controlling interest
492
520
560
-5.3%
Short-term borrowings
3.9
10.1
8.1
-61.4%
Debt
5,823
5,123
4,900
+13.7%
Operating lease liabilities
1,114
1,275
0.0
-12.6%
Finance lease liabilities
74.6
92.1
n/a
-19.0%
Other liabilities
17,055
16,910
16,602
+0.9%
Total liabilities and equity
27,647
26,783
24,617
+3.2%
Fixed assets
585
663
694
-11.8%
Goodwill
9,610
9,440
9,384
+1.8%
Intangible assets
298
338
383
-11.7%
Investments
0.0
3.6
5.5
Cash and equivalents
5,600
4,306
3,652
+30.1%
Receivables
7,813
7,829
7,666
-0.2%
Other assets
3,740
4,203
2,832
-11.0%
Total assets
27,647
26,783
24,617
+3.2%
10-K for the year ended 31 December 2020, filed 18 February 2021: the filing.