Somnigroup International (SGI) FY2019 results: revenue $3.1 billion, up 14.9% on the year
Somnigroup International Inc. (SGI) reported revenue of $3.1 billion for fiscal 2019, the year ended 31 December 2019, up 14.9% on the year before. Net income was $190 million, up 88.6%, and diluted earnings per share $0.85. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2020.
Revenue
$3.1 billion
+14.9% on the year
FY2012FY2019
Operating margin
11.2%
9.5% a year earlier
FY2012FY2019
Net income
$190 million
+88.6% on the year
FY2012FY2019
Diluted EPS
$0.85
+87.9% 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
3,106
2,703
2,701
+14.9%
Cost of revenue
1,764
1,582
1,580
+11.5%
Gross profit
1,342
1,121
1,121
+19.8%
Gross margin
43.2%
41.5%
41.5%
Research and development
23.0
21.9
21.7
+5.0%
Operating income
347
256
296
+35.3%
Operating margin
11.2%
9.5%
10.9%
Interest expense
85.7
92.3
87.3
-7.2%
Pre-tax income
266
165
215
+60.9%
Income tax
74.7
49.6
43.8
+50.6%
Effective tax rate
28.1%
30.1%
20.3%
Net income
190
100
151
+88.6%
Net margin
6.1%
3.7%
5.6%
Diluted EPS
$0.85
$0.46
$0.69
+87.9%
$ 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
n/a
183
223
Capital expenditure
88.2
73.6
66.6
+19.8%
Free cash flow
n/a
110
156
Free cash flow margin
n/a
4.1%
5.8%
Cash from investing
n/a
n/a
-62.1
Cash from financing
-203
-107
-175
Depreciation and amortisation
116
112
94.0
+4.1%
Share-based compensation
26.8
24.8
13.3
+8.1%
Dividends paid
0.0
n/a
0.0
Diluted shares, weighted
222m
220m
219m
+0.5%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
360
215
112
+67.5%
Non-controlling interest
0.9
2.9
0.0
-69.0%
Redeemable equity
0.0
0.0
2.2
Debt
1,540
1,646
1,753
-6.5%
Operating lease liabilities
205
0.0
n/a
Finance lease liabilities
55.9
n/a
n/a
Other liabilities
900
852
826
+5.7%
Total liabilities and equity
3,062
2,715
2,694
+12.8%
Fixed assets
436
421
434
+3.6%
Goodwill
732
723
733
+1.3%
Intangible assets
641
649
667
-1.2%
Cash and equivalents
64.9
45.8
41.1
+41.7%
Receivables
372
322
311
+15.7%
Inventory
260
222
179
+17.2%
Other assets
555
333
329
+66.8%
Total assets
3,062
2,715
2,694
+12.8%
10-K for the year ended 31 December 2019, filed 24 February 2020: the filing.