Rockwell Automation (ROK) FY2020 results: revenue $6.3 billion, down 5.5% on the year
Rockwell Automation, Inc. (ROK) reported revenue of $6.3 billion for fiscal 2020, the year ended 30 September 2020, down 5.5% on the year before. Net income was $1.0 billion, up 47.1%, and diluted earnings per share $8.77. The figures are the company's own, from the 10-K it filed with the SEC on 10 November 2020.
Revenue
$6.3 billion
-5.5% on the year
FY2013FY2020
Operating margin
n/a
FY2013FY2020
Net income
$1.0 billion
+47.1% on the year
FY2013FY2020
Diluted EPS
$8.77
+50.4% 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
6,330
6,695
6,666
-5.5%
Cost of revenue
3,735
3,795
3,781
-1.6%
Gross profit
2,595
2,900
2,885
-10.5%
Gross margin
41.0%
43.3%
43.3%
Research and development
372
379
372
-2.0%
Selling, general and administrative
1,480
1,538
1,588
-3.8%
Interest expense
104
98.2
73.0
+5.4%
Pre-tax income
1,136
901
1,331
+26.1%
Income tax
113
205
795
-45.0%
Effective tax rate
9.9%
22.8%
59.8%
Net income
1,023
696
536
+47.1%
Net margin
16.2%
10.4%
8.0%
Diluted EPS
$8.77
$5.83
$4.21
+50.4%
$ 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
1,120
1,182
1,300
-5.2%
Capital expenditure
114
133
126
-14.2%
Free cash flow
1,007
1,049
1,174
-4.1%
Free cash flow margin
15.9%
15.7%
17.6%
Cash from investing
-618
225
-170
Cash from financing
-799
-986
-1,889
Depreciation and amortisation
173
152
165
+13.5%
Share-based compensation
46.1
43.1
38.5
+7.0%
Buybacks
264
1,009
1,482
-73.8%
Dividends paid
473
460
441
+2.8%
Dividend per share
$4.08
$3.88
$3.51
+5.2%
Diluted shares, weighted
117m
119m
127m
-2.3%
Shares outstanding at period end
116m
116m
121m
+0.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,028
404
1,618
+154.3%
Non-controlling interest
319
0.0
n/a
Short-term borrowings
n/a
0.0
n/a
Debt
1,999
2,257
1,776
-11.4%
Operating lease liabilities
275
n/a
n/a
Other liabilities
3,644
3,452
2,868
+5.6%
Total liabilities and equity
7,265
6,113
6,262
+18.8%
Fixed assets
574
572
577
+0.4%
Goodwill
1,650
1,071
1,076
+54.1%
Intangible assets
479
194
215
+146.9%
Investments
954
834
1,579
+14.5%
Cash and equivalents
705
1,018
619
-30.8%
Receivables
1,249
1,179
1,190
+6.0%
Inventory
584
576
582
+1.4%
Other assets
1,069
670
425
+59.6%
Total assets
7,265
6,113
6,262
+18.8%
10-K for the year ended 30 September 2020, filed 10 November 2020: the filing.