Teradata (TDC) FY2020 results: revenue $1.8 billion, down 3.3% on the year
Teradata Corp. (TDC) reported revenue of $1.8 billion for fiscal 2020, the year ended 31 December 2020, down 3.3% on the year before. Net income was $129 million, and diluted earnings per share $1.16. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$1.8 billion
-3.3% on the year
FY2013FY2020
Operating margin
0.9%
0.5% a year earlier
FY2013FY2020
Net income
$129 million
FY2013FY2020
Diluted EPS
$1.16
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
1,836
1,899
2,164
-3.3%
Cost of revenue
817
944
1,138
-13.5%
Gross profit
1,019
955
1,026
+6.7%
Gross margin
55.5%
50.3%
47.4%
Research and development
334
327
317
+2.1%
Selling, general and administrative
669
618
666
+8.3%
Operating income
16.0
10.0
43.0
+60.0%
Operating margin
0.9%
0.5%
2.0%
Interest expense
27.0
26.0
22.0
+3.8%
Pre-tax income
-24.0
-13.0
27.0
Income tax
-153
7.0
-3.0
Effective tax rate
n/a
n/a
-11.1%
Net income
129
-20.0
30.0
Net margin
7.0%
-1.1%
1.4%
Diluted EPS
$1.16
-$0.18
$0.25
$ 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
267
148
364
+80.4%
Capital expenditure
44.0
54.0
153
-18.5%
Free cash flow
223
94.0
211
+137.2%
Free cash flow margin
12.1%
4.9%
9.8%
Cash from investing
-51.0
-59.0
-163
Cash from financing
-186
-308
-554
Depreciation and amortisation
172
150
130
+14.7%
Share-based compensation
101
83.0
65.0
+21.7%
Buybacks
100
300
300
-66.7%
Diluted shares, weighted
112m
114m
121m
-2.3%
Shares outstanding at period end
109m
111m
117m
-1.9%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
400
262
495
+52.7%
Short-term borrowings
n/a
n/a
0.0
Debt
455
479
497
-5.0%
Operating lease liabilities
28.0
38.0
0.0
-26.3%
Finance lease liabilities
70.0
75.0
30.0
-6.7%
Other liabilities
1,240
1,203
1,338
+3.1%
Total liabilities and equity
2,193
2,057
2,360
+6.6%
Fixed assets
n/a
n/a
295
Goodwill
401
396
395
+1.3%
Intangible assets
98.0
91.0
16.0
+7.7%
Cash and equivalents
529
494
715
+7.1%
Receivables
331
398
588
-16.8%
Inventory
29.0
31.0
28.0
-6.5%
Other assets
805
647
323
+24.4%
Total assets
2,193
2,057
2,360
+6.6%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.