Tyson Foods (TSN) FY2020 results: revenue $43.2 billion, up 1.8% on the year
Tyson Foods, Inc. (TSN) reported revenue of $43.2 billion for fiscal 2020, the year ended 3 October 2020, up 1.8% on the year before. Net income was $2.1 billion, up 4.1%, and diluted earnings per share $5.64. The figures are the company's own, from the 10-K it filed with the SEC on 16 November 2020.
Revenue
$43.2 billion
+1.8% on the year
FY2013FY2020
Operating margin
7.0%
6.5% a year earlier
FY2013FY2020
Net income
$2.1 billion
+4.1% on the year
FY2013FY2020
Diluted EPS
$5.64
+4.4% 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
43,185
42,405
40,052
+1.8%
Cost of revenue
37,801
37,383
34,926
+1.1%
Gross profit
5,384
5,022
5,096
+7.2%
Gross margin
12.5%
11.8%
12.7%
Research and development
98.0
97.0
114
+1.0%
Selling, general and administrative
2,376
2,252
2,127
+5.5%
Operating income
3,008
2,770
2,969
+8.6%
Operating margin
7.0%
6.5%
7.4%
Pre-tax income
2,664
2,374
2,682
+12.2%
Income tax
593
381
-291
+55.6%
Effective tax rate
22.3%
16.0%
-10.9%
Net income
2,061
1,980
2,970
+4.1%
Net margin
4.8%
4.7%
7.4%
Diluted EPS
$5.64
$5.40
$8.04
+4.4%
$ 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
FY2020
FY2019
FY2018
On the year
Last 8 years
Operating cash flow
3,874
2,513
2,963
+54.2%
Capital expenditure
1,199
1,259
1,200
-4.8%
Free cash flow
2,675
1,254
1,763
+113.3%
Free cash flow margin
6.2%
3.0%
4.4%
Cash from investing
-1,423
-3,464
-1,906
Cash from financing
-1,468
1,171
-1,102
Depreciation and amortisation
1,178
1,086
933
+8.5%
Share-based compensation
89.0
77.0
69.0
+15.6%
Buybacks
207
252
427
-17.9%
Dividends paid
601
537
431
+11.9%
Diluted shares, weighted
365m
366m
369m
-0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
15,254
13,950
12,803
+9.3%
Non-controlling interest
132
144
8.0
-8.3%
Debt
11,339
11,932
9,873
-5.0%
Operating lease liabilities
368
n/a
n/a
Other liabilities
7,363
6,892
6,303
+6.8%
Total liabilities and equity
34,456
32,918
28,987
+4.7%
Fixed assets
7,596
7,282
6,169
+4.3%
Goodwill
10,899
10,844
9,739
+0.5%
Intangible assets
6,774
7,037
6,759
-3.7%
Cash and equivalents
1,420
484
270
+193.4%
Receivables
1,952
2,173
1,723
-10.2%
Inventory
3,859
3,929
3,513
-1.8%
Other assets
1,956
1,169
814
+67.3%
Total assets
34,456
32,918
28,987
+4.7%
10-K for the year ended 3 October 2020, filed 16 November 2020: the filing.