Onto Innovation (ONTO) FY2019 results: revenue $556 million, up 81.9% on the year
Onto Innovation Inc. (ONTO) reported revenue of $556 million for fiscal 2019, the year ended 26 December 2020, up 81.9% on the year before. Net income was $31 million, up 1524.3%, and diluted earnings per share $0.63. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2021.
Revenue
$556 million
+81.9% on the year
FY2012FY2019
Operating margin
-4.8%
-1.6% a year earlier
FY2012FY2019
Net income
$31 million
+1,524.3% on the year
FY2012FY2019
Diluted EPS
$0.63
+950.0% 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
556
306
325
+81.9%
Cost of revenue
278
171
140
+62.7%
Gross profit
278
135
184
+106.2%
Gross margin
50.0%
44.1%
56.7%
Research and development
84.6
48.4
48.2
+74.9%
Operating income
-26.7
-5.0
66.5
Operating margin
-4.8%
-1.6%
20.5%
Interest expense
n/a
n/a
0.3
Pre-tax income
-26.9
-0.6
67.5
Income tax
-4.2
-2.5
9.9
Effective tax rate
n/a
n/a
14.6%
Net income
31.0
1.9
57.6
+1,524.3%
Net margin
5.6%
0.6%
17.8%
Diluted EPS
$0.63
$0.06
$2.34
+950.0%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
106
18.1
103
+484.1%
Capital expenditure
3.8
6.8
7.5
-43.7%
Free cash flow
102
11.3
95.8
+800.5%
Free cash flow margin
18.4%
3.7%
29.5%
Cash from investing
48.6
4.1
-4.3
+1,084.2%
Cash from financing
-53.7
-4.2
-22.8
Depreciation and amortisation
67.6
16.4
6.8
+311.8%
Share-based compensation
17.7
10.6
11.4
+66.9%
Buybacks
52.0
0.7
23.0
+6,889.2%
Diluted shares, weighted
49m
30m
25m
+64.9%
Shares outstanding at period end
49m
50m
24m
-2.8%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,265
1,264
313
+0.1%
Debt
0.0
0.0
0.0
Operating lease liabilities
16.5
20.0
n/a
-17.6%
Other liabilities
187
165
62.8
+13.6%
Total liabilities and equity
1,468
1,449
376
+1.4%
Fixed assets
92.0
98.4
47.9
-6.5%
Goodwill
307
316
26.4
-2.9%
Intangible assets
222
372
27.3
-40.3%
Investments
237
190
40.8
+25.0%
Cash and equivalents
137
131
111
+4.6%
Receivables
149
124
50.9
+20.7%
Inventory
191
176
61.9
+8.6%
Other assets
133
42.4
9.5
+214.3%
Total assets
1,468
1,449
376
+1.4%
10-K for the year ended 26 December 2020, filed 19 February 2021: the filing.