Somnigroup International (SGI) FY2020 results: revenue $3.7 billion, up 18.4% on the year
Somnigroup International Inc. (SGI) reported revenue of $3.7 billion for fiscal 2020, the year ended 31 December 2020, up 18.4% on the year before. Net income was $349 million, up 84.1%, and diluted earnings per share $1.64. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2021.
Revenue
$3.7 billion
+18.4% on the year
FY2013FY2020
Operating margin
14.5%
11.2% a year earlier
FY2013FY2020
Net income
$349 million
+84.1% on the year
FY2013FY2020
Diluted EPS
$1.64
+91.8% 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
3,677
3,106
2,703
+18.4%
Cost of revenue
2,038
1,764
1,582
+15.6%
Gross profit
1,638
1,342
1,121
+22.1%
Gross margin
44.6%
43.2%
41.5%
Research and development
23.1
23.0
21.9
+0.4%
Operating income
532
347
256
+53.5%
Operating margin
14.5%
11.2%
9.5%
Interest expense
77.0
85.7
92.3
-10.2%
Pre-tax income
452
266
165
+70.4%
Income tax
103
74.7
49.6
+37.3%
Effective tax rate
22.7%
28.1%
30.1%
Net income
349
190
100
+84.1%
Net margin
9.5%
6.1%
3.7%
Diluted EPS
$1.64
$0.85
$0.46
+91.8%
$ 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
655
n/a
183
Capital expenditure
111
88.2
73.6
+26.2%
Free cash flow
543
n/a
110
Free cash flow margin
14.8%
n/a
4.1%
Cash from investing
-147
n/a
n/a
Cash from financing
-523
-203
-107
Depreciation and amortisation
202
116
112
+73.8%
Share-based compensation
104
26.8
24.8
+289.9%
Dividends paid
0.0
0.0
n/a
Diluted shares, weighted
212m
222m
220m
-4.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
504
360
215
+40.1%
Non-controlling interest
1.0
0.9
2.9
+11.1%
Redeemable equity
8.9
0.0
0.0
Debt
1,299
1,540
1,646
-15.7%
Operating lease liabilities
275
205
0.0
+33.9%
Finance lease liabilities
60.0
55.9
n/a
+7.3%
Other liabilities
1,161
900
852
+29.0%
Total liabilities and equity
3,309
3,062
2,715
+8.1%
Fixed assets
508
436
421
+16.5%
Goodwill
766
732
723
+4.6%
Intangible assets
630
641
649
-1.8%
Cash and equivalents
65.0
64.9
45.8
+0.2%
Receivables
384
372
322
+3.1%
Inventory
312
260
222
+19.8%
Other assets
644
555
333
+16.0%
Total assets
3,309
3,062
2,715
+8.1%
10-K for the year ended 31 December 2020, filed 19 February 2021: the filing.