Take-Two Interactive Software (TTWO) FY2020 results: revenue $3.1 billion, up 15.8% on the year
Take-Two Interactive Software, Inc. (TTWO) reported revenue of $3.1 billion for fiscal 2020, the year ended 31 March 2020, up 15.8% on the year before. Net income was $404 million, up 21.2%, and diluted earnings per share $3.54. The figures are the company's own, from the 10-K it filed with the SEC on 22 May 2020.
Revenue
$3.1 billion
+15.8% on the year
FY2013FY2020
Operating margin
13.8%
7.7% a year earlier
FY2013FY2020
Net income
$404 million
+21.2% on the year
FY2013FY2020
Diluted EPS
$3.54
+22.1% 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
3,089
2,668
1,793
+15.8%
Cost of revenue
1,542
1,524
898
+1.2%
Gross profit
1,547
1,145
895
+35.1%
Gross margin
50.1%
42.9%
49.9%
Operating income
425
207
136
+105.8%
Operating margin
13.8%
7.7%
7.6%
Pre-tax income
458
233
137
+96.9%
Income tax
54.0
-101
-36.9
Effective tax rate
11.8%
-43.4%
-27.0%
Net income
404
334
174
+21.2%
Net margin
13.1%
12.5%
9.7%
Diluted EPS
$3.54
$2.90
$1.54
+22.1%
$ 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
686
844
494
-18.7%
Capital expenditure
53.4
67.0
61.6
-20.3%
Free cash flow
632
777
432
-18.6%
Free cash flow margin
20.5%
29.1%
24.1%
Cash from investing
4.0
-224
-272
Cash from financing
-77.5
-464
-281
Depreciation and amortisation
48.1
40.2
44.0
+19.6%
Share-based compensation
258
248
116
+4.1%
Buybacks
0.0
362
155
Diluted shares, weighted
114m
115m
113m
-0.9%
Shares outstanding at period end
114m
112m
114m
+1.2%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
2,539
2,041
1,489
+24.4%
Debt
0.0
0.0
8.2
Operating lease liabilities
152
0.0
n/a
Other liabilities
2,258
2,202
2,241
+2.5%
Total liabilities and equity
4,949
4,243
3,738
+16.6%
Fixed assets
132
128
102
+3.1%
Goodwill
386
382
400
+1.3%
Intangible assets
51.3
73.1
98.5
-29.9%
Investments
644
744
615
-13.5%
Cash and equivalents
1,358
827
809
+64.3%
Receivables
593
396
248
+49.7%
Inventory
19.1
28.2
15.2
-32.2%
Other assets
1,766
1,665
1,450
+6.0%
Total assets
4,949
4,243
3,738
+16.6%
10-K for the year ended 31 March 2020, filed 22 May 2020: the filing.