Paccar (PCAR) FY2019 results: revenue $25.6 billion, up 9.0% on the year
Paccar Inc. (PCAR) reported revenue of $25.6 billion for fiscal 2019, the year ended 31 December 2019, up 9.0% on the year before. Net income was $2.4 billion, up 8.8%, and diluted earnings per share $4.58. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2020.
Revenue
$25.6 billion
+9.0% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$2.4 billion
+8.8% on the year
FY2012FY2019
Diluted EPS
$4.58
+10.1% 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
25,600
23,496
19,456
+9.0%
Pre-tax income
3,099
2,810
2,173
+10.3%
Income tax
711
615
498
+15.6%
Effective tax rate
23.0%
21.9%
22.9%
Net income
2,388
2,195
1,675
+8.8%
Net margin
9.3%
9.3%
8.6%
Diluted EPS
$4.58
$4.16
$3.17
+10.1%
$ 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
2,860
2,992
2,716
-4.4%
Capital expenditure
574
458
423
+25.4%
Free cash flow
2,286
2,535
2,292
-9.8%
Free cash flow margin
8.9%
10.8%
11.8%
Cash from investing
-2,207
-1,931
-1,965
Cash from financing
83.4
71.1
-394
+17.3%
Depreciation and amortisation
322
338
321
-4.6%
Share-based compensation
15.1
13.2
12.7
+14.4%
Buybacks
110
354
n/a
-68.9%
Dividends paid
1,139
804
558
+41.6%
Diluted shares, weighted
521m
528m
529m
-1.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
9,706
8,593
8,050
+13.0%
Debt
n/a
189
n/a
Other liabilities
18,655
16,701
15,390
+11.7%
Total liabilities and equity
28,361
25,482
23,440
+11.3%
Fixed assets
2,884
2,481
2,464
+16.2%
Goodwill
109
112
117
-2.6%
Cash and equivalents
4,175
3,436
2,365
+21.5%
Other assets
21,193
19,454
18,494
+8.9%
Total assets
28,361
25,482
23,440
+11.3%
10-K for the year ended 31 December 2019, filed 19 February 2020: the filing.