Unitil (UTL) FY2019 results: revenue $438 million, down 1.3% on the year
Unitil Corp. (UTL) reported revenue of $438 million for fiscal 2019, the year ended 31 December 2019, down 1.3% on the year before. Net income was $44 million, up 33.9%, and diluted earnings per share $2.97. The figures are the company's own, from the 10-K it filed with the SEC on 30 January 2020.
Revenue
$438 million
-1.3% on the year
FY2012FY2019
Operating margin
16.7%
16.0% a year earlier
FY2012FY2019
Net income
$44 million
+33.9% on the year
FY2012FY2019
Diluted EPS
$2.97
+33.2% on the year
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
438
444
406
-1.3%
Operating income
73.1
71.2
75.4
+2.7%
Operating margin
16.7%
16.0%
18.6%
Interest expense
26.6
26.4
25.5
+0.8%
Pre-tax income
58.0
41.4
46.5
+40.1%
Income tax
13.8
8.4
17.5
+64.4%
Effective tax rate
23.8%
20.3%
37.6%
Net income
44.2
33.0
29.0
+33.9%
Net margin
10.1%
7.4%
7.1%
Diluted EPS
$2.97
$2.23
$2.06
+33.2%
$ 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
105
78.5
86.2
+33.6%
Capital expenditure
119
102
119
+16.4%
Free cash flow
-14.3
-23.9
-33.1
Free cash flow margin
-3.3%
-5.4%
-8.1%
Cash from investing
-106
-102
-119
Cash from financing
-1.7
22.8
36.2
Dividends paid
22.1
21.8
20.4
+1.4%
Dividend per share
$1.48
$1.46
$1.44
+1.4%
Diluted shares, weighted
15m
15m
14m
+0.5%
Shares outstanding at period end
15m
15m
15m
+0.4%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
377
351
337
+7.3%
Debt
516
489
444
+5.5%
Operating lease liabilities
2.8
n/a
n/a
Other liabilities
476
458
461
+3.8%
Total liabilities and equity
1,371
1,298
1,242
+5.6%
Trading assets
5.6
4.8
3.6
+16.7%
Cash and equivalents
5.2
7.8
8.9
-33.3%
Receivables
55.1
66.8
67.4
-17.5%
Other assets
1,305
1,219
1,162
+7.1%
Total assets
1,371
1,298
1,242
+5.6%
10-K for the year ended 31 December 2019, filed 30 January 2020: the filing.