Silgan Holdings (SLGN) FY2020 results: revenue $4.9 billion, up 9.6% on the year
Silgan Holdings Inc. (SLGN) reported revenue of $4.9 billion for fiscal 2020, the year ended 31 December 2020, up 9.6% on the year before. Net income was $309 million, up 59.3%, and diluted earnings per share $2.77. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2021.
Revenue
$4.9 billion
+9.6% on the year
FY2013FY2020
Operating margin
n/a
8.0% a year earlier
FY2013FY2020
Net income
$309 million
+59.3% on the year
FY2013FY2020
Diluted EPS
$2.77
+59.2% 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
4,922
4,490
4,449
+9.6%
Cost of revenue
4,055
3,776
3,759
+7.4%
Gross profit
867
714
690
+21.5%
Gross margin
17.6%
15.9%
15.5%
Selling, general and administrative
378
316
308
+19.6%
Operating income
n/a
359
412
Operating margin
n/a
8.0%
9.3%
Interest expense
104
106
116
-1.7%
Pre-tax income
407
252
293
+61.5%
Income tax
98.4
58.3
69.3
+68.6%
Effective tax rate
24.2%
23.1%
23.6%
Net income
309
194
224
+59.3%
Net margin
6.3%
4.3%
5.0%
Diluted EPS
$2.77
$1.74
$2.01
+59.2%
$ 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
603
507
507
+18.8%
Capital expenditure
224
231
191
-2.9%
Free cash flow
378
276
316
+36.9%
Free cash flow margin
7.7%
6.2%
7.1%
Cash from investing
-1,163
-230
-190
Cash from financing
760
-146
-294
Depreciation and amortisation
219
206
192
+6.1%
Buybacks
42.1
27.6
7.8
+52.6%
Dividends paid
53.6
50.8
44.5
+5.5%
Dividend per share
$0.48
$0.44
$0.40
+9.1%
Diluted shares, weighted
111m
112m
112m
-0.1%
Shares outstanding at period end
110m
111m
110m
-0.7%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,253
1,023
881
+22.4%
Debt
3,272
2,259
2,318
+44.8%
Operating lease liabilities
174
159
n/a
+9.6%
Finance lease liabilities
32.6
31.4
n/a
+3.8%
Other liabilities
1,780
1,459
1,380
+22.0%
Total liabilities and equity
6,512
4,931
4,579
+32.1%
Fixed assets
1,841
1,570
1,518
+17.2%
Goodwill
1,741
1,142
1,148
+52.5%
Intangible assets
637
355
383
+79.7%
Cash and equivalents
409
204
72.8
+100.9%
Receivables
620
505
511
+22.7%
Inventory
678
633
635
+7.0%
Other assets
586
522
311
+12.2%
Total assets
6,512
4,931
4,579
+32.1%
10-K for the year ended 31 December 2020, filed 25 February 2021: the filing.