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Reynolds Consumer Products (REYN) FY2019 results: revenue $3.0 billion, down 3.5% on the year

Reynolds Consumer Products Inc. (REYN) reported revenue of $3.0 billion for fiscal 2019, the year ended 31 December 2019, down 3.5% on the year before. Net income was $225 million, up 27.8%, and diluted earnings per share $1.45. The figures are the company's own, from the 10-K it filed with the SEC on 12 February 2021.

Revenue
$3.0 billion
-3.5% on the year
FY2018FY2019
Operating margin
n/a
FY2018FY2019
Net income
$225 million
+27.8% on the year
FY2018FY2019
Diluted EPS
$1.45
+28.3% on the year
FY2018FY2019

this yearthe year beforeHover a bar for its figure.

The year in brief

Income statement (profit and loss)

$ millionFY2019FY2018On the yearLast 8 years
Revenue3,0323,142-3.5%
Cost of revenue2,1522,310-6.8%
Gross profit880832+5.8%
Gross margin29.0%26.5%
Research and development33.029.0+13.8%
Selling, general and administrative305288+5.9%
Interest expense209280-25.4%
Pre-tax income301233+29.2%
Income tax76.057.0+33.3%
Effective tax rate25.2%24.5%
Net income225176+27.8%
Net margin7.4%5.6%
Diluted EPS$1.45$1.13+28.3%
$ 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

$ millionFY2019FY2018On the yearLast 8 years
Operating cash flow403530-24.0%
Capital expenditure10982.0+32.9%
Free cash flow294448-34.4%
Free cash flow margin9.7%14.3%
Cash from investing-128-554
Cash from financing-19624.0
Depreciation and amortisation91.087.0+4.6%
Diluted shares, weighted156m156m0.0%
Shares outstanding at period end210mn/a

Balance sheet

$ millionFY2019FY2018On the yearLast 8 years
Shareholders' equity-818-1,027
Debt2,011n/a
Operating lease liabilities35.0n/a
Other liabilities2,932n/a
Total liabilities and equity4,160n/a
Fixed assets537n/a
Goodwill1,8791,8790.0%
Intangible assets1,123n/a
Cash and equivalents10223.0+343.5%
Receivables13.0n/a
Inventory418n/a
Other assets88.04,519-98.1%
Total assets4,1606,421-35.2%

10-K for the year ended 31 December 2019, filed 12 February 2021: the filing.