Paccar (PCAR) FY2020 results: revenue $18.7 billion, down 26.8% on the year
Paccar Inc. (PCAR) reported revenue of $18.7 billion for fiscal 2020, the year ended 31 December 2020, down 26.8% on the year before. Net income was $1.3 billion, down 45.5%, and diluted earnings per share $2.50. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2021.
Revenue
$18.7 billion
-26.8% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$1.3 billion
-45.5% on the year
FY2013FY2020
Diluted EPS
$2.50
-45.4% 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
18,728
25,600
23,496
-26.8%
Pre-tax income
1,662
3,099
2,810
-46.4%
Income tax
360
711
615
-49.3%
Effective tax rate
21.7%
23.0%
21.9%
Net income
1,301
2,388
2,195
-45.5%
Net margin
6.9%
9.3%
9.3%
Diluted EPS
$2.50
$4.58
$4.16
-45.4%
$ 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
2,987
2,860
2,992
+4.4%
Capital expenditure
550
574
458
-4.1%
Free cash flow
2,437
2,286
2,535
+6.6%
Free cash flow margin
13.0%
8.9%
10.8%
Cash from investing
-1,876
-2,207
-1,931
Cash from financing
-1,808
83.4
71.1
Depreciation and amortisation
250
322
338
-22.5%
Share-based compensation
13.0
15.1
13.2
-13.9%
Buybacks
42.1
110
354
-61.8%
Dividends paid
1,240
1,139
804
+8.9%
Diluted shares, weighted
521m
521m
528m
-0.0%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
10,533
9,706
8,593
+8.5%
Debt
10,853
n/a
189
Other liabilities
7,063
18,655
16,701
-62.1%
Total liabilities and equity
28,450
28,361
25,482
+0.3%
Fixed assets
3,270
2,884
2,481
+13.4%
Goodwill
119
109
112
+8.9%
Cash and equivalents
3,540
4,175
3,436
-15.2%
Other assets
21,521
21,193
19,454
+1.5%
Total assets
28,450
28,361
25,482
+0.3%
10-K for the year ended 31 December 2020, filed 17 February 2021: the filing.