Everpure (P) FY2020 results: revenue $1.6 billion, up 20.9% on the year
Everpure, Inc. (P) reported revenue of $1.6 billion for fiscal 2020, the year ended 2 February 2020, up 20.9% on the year before. Net income was -$201 million, and diluted earnings per share $-0.79. The figures are the company's own, from the 10-K it filed with the SEC on 27 March 2020.
Revenue
$1.6 billion
+20.9% on the year
FY2014FY2020
Operating margin
-11.6%
-12.4% a year earlier
FY2014FY2020
Net income
-$201 million
FY2014FY2020
Diluted EPS
-$0.79
FY2014FY2020
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
1,643
1,360
1,025
+20.9%
Cost of revenue
510
458
354
+11.4%
Gross profit
1,134
902
671
+25.6%
Gross margin
69.0%
66.4%
65.5%
Research and development
434
350
279
+23.9%
Operating income
-191
-169
-167
Operating margin
-11.6%
-12.4%
-16.3%
Interest expense
27.9
21.6
0.0
+29.1%
Pre-tax income
-195
-177
-156
Income tax
6.3
1.1
3.9
+480.4%
Net income
-201
-178
-160
Net margin
-12.2%
-13.1%
-15.6%
Diluted EPS
-$0.79
-$0.77
-$0.84
$ 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
190
164
72.8
+15.3%
Capital expenditure
87.8
100
65.1
-12.4%
Free cash flow
102
64.2
7.7
+58.5%
Free cash flow margin
6.2%
4.7%
0.8%
Cash from investing
-325
-511
-57.2
Cash from financing
49.2
552
46.8
-91.1%
Depreciation and amortisation
80.4
70.9
61.7
+13.4%
Share-based compensation
227
211
151
+7.6%
Buybacks
15.0
20.0
0.0
-24.9%
Diluted shares, weighted
253m
n/a
n/a
Shares outstanding at period end
n/a
221m
221m
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
830
738
574
+12.5%
Redeemable equity
n/a
n/a
0.0
Debt
477
450
0.0
+6.0%
Operating lease liabilities
93.0
0.0
n/a
Other liabilities
964
785
550
+22.8%
Total liabilities and equity
2,364
1,973
1,124
+19.8%
Fixed assets
123
125
89.1
-2.1%
Goodwill
37.6
11.0
0.0
+241.8%
Intangible assets
58.3
20.1
5.1
+189.6%
Investments
937
749
353
+25.0%
Cash and equivalents
363
448
244
-19.1%
Receivables
459
379
243
+21.1%
Inventory
38.5
44.7
34.5
-13.8%
Other assets
349
196
155
+78.5%
Total assets
2,364
1,973
1,124
+19.8%
10-K for the year ended 2 February 2020, filed 27 March 2020: the filing.