Silgan Holdings (SLGN) FY2019 results: revenue $4.5 billion, up 0.9% on the year
Silgan Holdings Inc. (SLGN) reported revenue of $4.5 billion for fiscal 2019, the year ended 31 December 2019, up 0.9% on the year before. Net income was $194 million, down 13.5%, and diluted earnings per share $1.74. The figures are the company's own, from the 10-K it filed with the SEC on 2 March 2020.
Revenue
$4.5 billion
+0.9% on the year
FY2012FY2019
Operating margin
8.0%
9.3% a year earlier
FY2012FY2019
Net income
$194 million
-13.5% on the year
FY2012FY2019
Diluted EPS
$1.74
-13.4% 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
4,490
4,449
4,090
+0.9%
Cost of revenue
3,776
3,759
3,455
+0.5%
Gross profit
714
690
635
+3.5%
Gross margin
15.9%
15.5%
15.5%
Selling, general and administrative
316
308
305
+2.4%
Operating income
359
412
357
-12.8%
Operating margin
8.0%
9.3%
8.7%
Interest expense
106
116
110
-9.1%
Pre-tax income
252
293
240
-14.0%
Income tax
58.3
69.3
-30.0
-15.8%
Effective tax rate
23.1%
23.6%
-12.5%
Net income
194
224
270
-13.5%
Net margin
4.3%
5.0%
6.6%
Diluted EPS
$1.74
$2.01
$2.42
-13.4%
$ 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
FY2019
FY2018
FY2017
On the year
Last 8 years
Operating cash flow
507
507
390
+0.2%
Capital expenditure
231
191
174
+20.9%
Free cash flow
276
316
215
-12.4%
Free cash flow margin
6.2%
7.1%
5.3%
Cash from investing
-230
-190
-1,198
Cash from financing
-146
-294
837
Depreciation and amortisation
206
192
174
+7.7%
Share-based compensation
n/a
n/a
14.6
Buybacks
27.6
7.8
4.1
+252.6%
Dividends paid
50.8
44.5
40.5
+14.1%
Dividend per share
$0.44
$0.40
$0.36
+10.0%
Diluted shares, weighted
112m
112m
111m
-0.1%
Shares outstanding at period end
111m
110m
110m
+0.3%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,023
881
766
+16.1%
Debt
2,259
2,318
2,564
-2.5%
Operating lease liabilities
159
n/a
n/a
Finance lease liabilities
31.4
n/a
n/a
Other liabilities
1,459
1,380
1,315
+5.7%
Total liabilities and equity
4,931
4,579
4,645
+7.7%
Fixed assets
1,570
1,518
1,490
+3.5%
Goodwill
1,142
1,148
1,171
-0.5%
Intangible assets
355
383
417
-7.5%
Cash and equivalents
204
72.8
53.5
+179.9%
Receivables
505
511
455
-1.2%
Inventory
633
635
721
-0.3%
Other assets
522
311
338
+67.8%
Total assets
4,931
4,579
4,645
+7.7%
10-K for the year ended 31 December 2019, filed 2 March 2020: the filing.