Revvity (RVTY) FY2020 results: revenue $2.7 billion, down 7.6% on the year
Revvity, Inc. (RVTY) reported revenue of $2.7 billion for fiscal 2020, the year ended 3 January 2021, down 7.6% on the year before. Net income was $728 million, up 219.9%, and diluted earnings per share $6.49. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2021.
Revenue
$2.7 billion
-7.6% on the year
FY2013FY2020
Operating margin
32.6%
12.6% a year earlier
FY2013FY2020
Net income
$728 million
+219.9% on the year
FY2013FY2020
Diluted EPS
$6.49
+218.1% 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
2,663
2,884
2,778
-7.6%
Cost of revenue
933
1,488
1,437
-37.3%
Gross profit
1,730
1,396
1,341
+23.9%
Gross margin
65.0%
48.4%
48.3%
Research and development
146
189
194
-22.7%
Selling, general and administrative
716
815
812
-12.1%
Operating income
867
362
324
+139.6%
Operating margin
32.6%
12.6%
11.7%
Interest expense
49.7
63.6
67.0
-21.9%
Pre-tax income
800
237
258
+237.4%
Income tax
170
9.4
20.2
+1,705.4%
Effective tax rate
21.2%
4.0%
7.8%
Net income
728
228
238
+219.9%
Net margin
27.3%
7.9%
8.6%
Diluted EPS
$6.49
$2.04
$2.13
+218.1%
$ 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
892
363
311
+145.5%
Capital expenditure
63.6
76.3
93.3
-16.6%
Free cash flow
829
287
218
+188.6%
Free cash flow margin
31.1%
10.0%
7.8%
Cash from investing
-504
-488
-160
Cash from financing
-203
-150
-179
Depreciation and amortisation
202
214
181
-5.8%
Share-based compensation
26.9
31.5
28.8
-14.6%
Buybacks
6.9
6.3
57.4
+10.0%
Dividends paid
31.2
31.1
31.0
+0.5%
Dividend per share
$0.28
$0.28
$0.28
0.0%
Diluted shares, weighted
112m
112m
112m
+0.5%
Shares outstanding at period end
112m
111m
111m
+1.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
3,735
2,814
2,585
+32.8%
Debt
2,009
2,074
1,891
-3.1%
Operating lease liabilities
188
146
0.0
+28.7%
Other liabilities
2,027
1,504
1,499
+34.8%
Total liabilities and equity
7,960
6,539
5,976
+21.7%
Fixed assets
368
318
319
+15.7%
Goodwill
2,640
3,111
2,953
-15.2%
Intangible assets
1,366
1,283
1,200
+6.4%
Investments
2.2
2.9
2.4
-25.9%
Cash and equivalents
387
192
163
+101.7%
Receivables
1,155
725
633
+59.3%
Inventory
515
357
338
+44.2%
Other assets
1,528
549
368
+178.3%
Total assets
7,960
6,539
5,976
+21.7%
10-K for the year ended 3 January 2021, filed 2 March 2021: the filing.