Sonos (SONO) FY2020 results: revenue $1.3 billion, up 5.2% on the year
Sonos Inc. (SONO) reported revenue of $1.3 billion for fiscal 2020, the year ended 3 October 2020, up 5.2% on the year before. Net income was -$20 million, and diluted earnings per share $-0.18. The figures are the company's own, from the 10-K it filed with the SEC on 23 November 2020.
Revenue
$1.3 billion
+5.2% on the year
FY2015FY2020
Operating margin
-2.1%
0.5% a year earlier
FY2015FY2020
Net income
-$20 million
FY2015FY2020
Diluted EPS
-$0.18
FY2015FY2020
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
1,326
1,261
1,137
+5.2%
Cost of revenue
754
733
648
+2.8%
Gross profit
572
527
489
+8.5%
Gross margin
43.1%
41.8%
43.0%
Research and development
215
171
142
+25.4%
Operating income
-27.2
5.7
-8.9
Operating margin
-2.1%
0.5%
-0.8%
Interest expense
1.5
2.5
5.2
-40.5%
Pre-tax income
-20.1
-1.1
-14.5
Income tax
0.0
3.7
1.1
-99.1%
Net income
-20.1
-4.8
-15.6
Net margin
-1.5%
-0.4%
-1.4%
Diluted EPS
-$0.18
-$0.05
-$0.24
$ 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
162
121
30.6
+34.3%
Capital expenditure
33.0
23.2
35.7
+42.3%
Free cash flow
129
97.4
-5.2
+32.4%
Free cash flow margin
9.7%
7.7%
-0.5%
Cash from investing
-69.3
-23.2
-35.7
Cash from financing
-27.1
21.9
94.4
Depreciation and amortisation
36.4
36.4
39.4
+0.0%
Share-based compensation
57.6
46.6
38.6
+23.7%
Buybacks
50.0
2.4
0.9
+1,961.6%
Diluted shares, weighted
110m
104m
n/a
+5.8%
Shares outstanding at period end
112m
109m
100m
+3.4%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
298
281
208
+6.0%
Redeemable equity
0.0
0.0
0.0
Debt
24.9
33.2
39.8
-24.9%
Operating lease liabilities
50.4
0.0
n/a
Other liabilities
443
448
339
-1.0%
Total liabilities and equity
816
762
587
+7.1%
Fixed assets
60.8
78.1
85.4
-22.2%
Goodwill
15.5
1.0
1.0
+1,446.8%
Intangible assets
26.4
0.0
n/a
+202,930.8%
Cash and equivalents
407
339
221
+20.2%
Receivables
54.9
103
73.2
-46.5%
Inventory
181
220
193
-17.7%
Other assets
70.5
21.3
13.8
+231.1%
Total assets
816
762
587
+7.1%
10-K for the year ended 3 October 2020, filed 23 November 2020: the filing.