PJT Partners (PJT) FY2020 results: revenue $1.1 billion, up 46.6% on the year
PJT Partners Inc. (PJT) reported revenue of $1.1 billion for fiscal 2020, the year ended 31 December 2020, up 46.6% on the year before. Net income was $118 million, up 297.6%, and diluted earnings per share $4.40. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$1.1 billion
+46.6% on the year
FY2013FY2020
Operating margin
23.6%
11.5% a year earlier
FY2013FY2020
Net income
$118 million
+297.6% on the year
FY2013FY2020
Diluted EPS
$4.40
+263.6% 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
1,052
718
580
+46.6%
Operating income
248
82.2
41.5
+201.7%
Operating margin
23.6%
11.5%
7.2%
Pre-tax income
248
82.2
41.5
+201.7%
Income tax
35.5
18.4
-1.0
+93.1%
Effective tax rate
14.3%
22.4%
-2.5%
Net income
118
29.6
27.2
+297.6%
Net margin
11.2%
4.1%
4.7%
Diluted EPS
$4.40
$1.21
$1.16
+263.6%
$ 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
470
211
123
+122.1%
Capital expenditure
8.9
8.8
7.2
+0.5%
Free cash flow
461
203
116
+127.4%
Free cash flow margin
43.8%
28.2%
19.9%
Cash from investing
-146
-1.7
-31.5
Cash from financing
-244
-101
-131
Depreciation and amortisation
15.1
14.5
10.0
+3.9%
Share-based compensation
121
112
118
+8.4%
Buybacks
48.7
47.8
64.9
+1.8%
Dividends paid
4.8
4.6
4.3
+3.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
154
31.4
-26.5
+391.4%
Non-controlling interest
534
543
514
-1.8%
Debt
0.0
21.5
30.0
Other liabilities
484
357
154
+35.6%
Total liabilities and equity
1,172
953
672
+23.0%
Fixed assets
38.8
37.1
34.8
+4.5%
Goodwill
173
173
176
0.0%
Intangible assets
32.0
39.8
49.2
-19.5%
Cash and equivalents
300
216
106
+38.7%
Other assets
629
487
306
+29.0%
Total assets
1,172
953
672
+23.0%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.