Insulet (PODD) FY2020 results: revenue $904 million, up 22.5% on the year
Insulet Corp. (PODD) reported revenue of $904 million for fiscal 2020, the year ended 31 December 2020, up 22.5% on the year before. Net income was $7 million, down 41.4%, and diluted earnings per share $0.10. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2023.
Revenue
$904 million
+22.5% on the year
FY2013FY2020
Operating margin
5.7%
6.8% a year earlier
FY2013FY2020
Net income
$7 million
-41.4% on the year
FY2013FY2020
Diluted EPS
$0.10
-47.4% 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
904
738
564
+22.5%
Cost of revenue
322
258
194
+24.9%
Gross profit
582
480
370
+21.2%
Gross margin
64.4%
65.1%
65.7%
Research and development
147
132
94.8
+11.0%
Selling, general and administrative
384
298
248
+28.9%
Operating income
51.5
50.0
27.4
+3.0%
Operating margin
5.7%
6.8%
4.9%
Interest expense
48.1
34.6
28.9
+39.0%
Pre-tax income
9.7
14.5
5.2
-33.1%
Income tax
2.9
2.9
1.9
0.0%
Effective tax rate
29.9%
20.0%
36.5%
Net income
6.8
11.6
3.3
-41.4%
Net margin
0.8%
1.6%
0.6%
Diluted EPS
$0.10
$0.19
$0.05
-47.4%
$ 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
84.0
98.4
35.9
-14.6%
Capital expenditure
129
164
157
-21.2%
Free cash flow
-45.0
-65.3
-122
Free cash flow margin
-5.0%
-8.8%
-21.5%
Cash from investing
14.0
-73.6
-185
Cash from financing
606
73.5
-8.7
+723.8%
Depreciation and amortisation
55.4
27.9
15.6
+98.6%
Share-based compensation
35.9
28.7
37.5
+25.1%
Diluted shares, weighted
66m
62m
61m
+5.8%
Shares outstanding at period end
66m
63m
59m
+5.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
604
75.9
212
+695.3%
Debt
1,059
888
592
+19.3%
Operating lease liabilities
12.0
14.4
n/a
-16.7%
Other liabilities
198
165
125
+20.2%
Total liabilities and equity
1,873
1,143
929
+63.9%
Fixed assets
479
399
258
+19.9%
Goodwill
39.8
39.8
39.6
0.0%
Intangible assets
28.7
13.2
10.4
+117.4%
Investments
40.4
221
316
-81.7%
Cash and equivalents
907
214
114
+324.5%
Receivables
95.3
69.3
63.3
+37.5%
Inventory
154
101
71.4
+52.8%
Other assets
128
85.7
55.9
+49.9%
Total assets
1,873
1,143
929
+63.9%
10-K for the year ended 31 December 2020, filed 24 February 2023: the filing.