Teradata (TDC) FY2019 results: revenue $1.9 billion, down 12.2% on the year
Teradata Corp. (TDC) reported revenue of $1.9 billion for fiscal 2019, the year ended 31 December 2019, down 12.2% 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 28 February 2020.
Revenue
$1.9 billion
-12.2% on the year
FY2012FY2019
Operating margin
0.5%
2.0% a year earlier
FY2012FY2019
Net income
-$20 million
FY2012FY2019
Diluted EPS
-$0.18
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
1,899
2,164
2,156
-12.2%
Cost of revenue
944
1,138
1,132
-17.0%
Gross profit
955
1,026
1,024
-6.9%
Gross margin
50.3%
47.4%
47.5%
Research and development
327
317
305
+3.2%
Selling, general and administrative
618
666
652
-7.2%
Operating income
10.0
43.0
68.0
-76.7%
Operating margin
0.5%
2.0%
3.2%
Interest expense
26.0
22.0
15.0
+18.2%
Pre-tax income
-13.0
27.0
58.0
Income tax
7.0
-3.0
125
Effective tax rate
n/a
-11.1%
215.5%
Net income
-20.0
30.0
-67.0
Net margin
-1.1%
1.4%
-3.1%
Diluted EPS
-$0.18
$0.25
-$0.53
$ 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
148
364
324
-59.3%
Capital expenditure
54.0
153
78.0
-64.7%
Free cash flow
94.0
211
246
-55.5%
Free cash flow margin
4.9%
9.8%
11.4%
Cash from investing
-59.0
-163
-108
Cash from financing
-308
-554
-109
Depreciation and amortisation
150
130
138
+15.4%
Share-based compensation
83.0
65.0
68.0
+27.7%
Buybacks
300
300
351
0.0%
Diluted shares, weighted
114m
121m
126m
-5.8%
Shares outstanding at period end
111m
117m
122m
-5.1%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
262
495
668
-47.1%
Short-term borrowings
n/a
0.0
n/a
Debt
479
497
778
-3.6%
Operating lease liabilities
38.0
0.0
n/a
Finance lease liabilities
75.0
30.0
n/a
+150.0%
Other liabilities
1,203
1,338
1,110
-10.1%
Total liabilities and equity
2,057
2,360
2,556
-12.8%
Fixed assets
n/a
295
162
Goodwill
396
395
399
+0.3%
Intangible assets
91.0
16.0
23.0
+468.8%
Cash and equivalents
494
715
1,089
-30.9%
Receivables
398
588
554
-32.3%
Inventory
31.0
28.0
30.0
+10.7%
Other assets
647
323
299
+100.3%
Total assets
2,057
2,360
2,556
-12.8%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.