Rockwell Automation (ROK) FY2019 results: revenue $6.7 billion, up 0.4% on the year
Rockwell Automation, Inc. (ROK) reported revenue of $6.7 billion for fiscal 2019, the year ended 30 September 2019, up 0.4% on the year before. Net income was $696 million, up 29.9%, and diluted earnings per share $5.83. The figures are the company's own, from the 10-K it filed with the SEC on 12 November 2019.
Revenue
$6.7 billion
+0.4% on the year
FY2012FY2019
Operating margin
n/a
FY2012FY2019
Net income
$696 million
+29.9% on the year
FY2012FY2019
Diluted EPS
$5.83
+38.5% 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
6,695
6,666
6,311
+0.4%
Cost of revenue
3,795
3,781
3,643
+0.4%
Gross profit
2,900
2,885
2,668
+0.5%
Gross margin
43.3%
43.3%
42.3%
Research and development
379
372
348
+1.9%
Selling, general and administrative
1,538
1,588
1,558
-3.1%
Interest expense
98.2
73.0
76.2
+34.5%
Pre-tax income
901
1,331
1,037
-32.3%
Income tax
205
795
212
-74.2%
Effective tax rate
22.8%
59.8%
20.4%
Net income
696
536
826
+29.9%
Net margin
10.4%
8.0%
13.1%
Diluted EPS
$5.83
$4.21
$6.35
+38.5%
$ 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
1,182
1,300
1,034
-9.1%
Capital expenditure
133
126
142
+5.8%
Free cash flow
1,049
1,174
892
-10.7%
Free cash flow margin
15.7%
17.6%
14.1%
Cash from investing
225
-170
-517
Cash from financing
-986
-1,889
-650
Depreciation and amortisation
152
165
169
-7.5%
Share-based compensation
43.1
38.5
38.5
+11.9%
Buybacks
1,009
1,482
343
-31.9%
Dividends paid
460
441
391
+4.3%
Dividend per share
$3.88
$3.51
$3.04
+10.5%
Diluted shares, weighted
119m
127m
130m
-6.0%
Shares outstanding at period end
116m
121m
128m
-4.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
404
1,618
2,664
-75.0%
Non-controlling interest
0.0
n/a
n/a
Short-term borrowings
0.0
n/a
n/a
Debt
2,257
1,776
1,844
+27.1%
Other liabilities
3,452
2,868
2,654
+20.3%
Total liabilities and equity
6,113
6,262
7,162
-2.4%
Fixed assets
572
577
584
-0.8%
Goodwill
1,071
1,076
1,078
-0.4%
Intangible assets
194
215
238
-9.8%
Investments
834
1,579
1,450
-47.2%
Cash and equivalents
1,018
619
1,411
+64.6%
Receivables
1,179
1,190
1,136
-1.0%
Inventory
576
582
559
-1.0%
Other assets
670
425
707
+57.5%
Total assets
6,113
6,262
7,162
-2.4%
10-K for the year ended 30 September 2019, filed 12 November 2019: the filing.