Unitil (UTL) FY2020 results: revenue $419 million, down 4.5% on the year
Unitil Corp. (UTL) reported revenue of $419 million for fiscal 2020, the year ended 31 December 2020, down 4.5% on the year before. Net income was $32 million, down 27.1%, and diluted earnings per share $2.15. The figures are the company's own, from the 10-K it filed with the SEC on 2 February 2021.
Revenue
$419 million
-4.5% on the year
FY2013FY2020
Operating margin
17.1%
16.7% a year earlier
FY2013FY2020
Net income
$32 million
-27.1% on the year
FY2013FY2020
Diluted EPS
$2.15
-27.6% 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
419
438
444
-4.5%
Operating income
71.4
73.1
71.2
-2.3%
Operating margin
17.1%
16.7%
16.0%
Interest expense
26.4
26.6
26.4
-0.8%
Pre-tax income
42.4
58.0
41.4
-26.9%
Income tax
10.2
13.8
8.4
-26.1%
Effective tax rate
24.1%
23.8%
20.3%
Net income
32.2
44.2
33.0
-27.1%
Net margin
7.7%
10.1%
7.4%
Diluted EPS
$2.15
$2.97
$2.23
-27.6%
$ 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
75.7
105
78.5
-27.8%
Capital expenditure
123
119
102
+2.9%
Free cash flow
-46.9
-14.3
-23.9
Free cash flow margin
-11.2%
-3.3%
-5.4%
Cash from investing
-123
-106
-102
Cash from financing
47.7
-1.7
22.8
Dividends paid
22.6
22.1
21.8
+2.3%
Dividend per share
$1.50
$1.48
$1.46
+1.4%
Diluted shares, weighted
15m
15m
15m
+0.3%
Shares outstanding at period end
15m
15m
15m
+0.6%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
389
377
351
+3.3%
Debt
586
516
489
+13.7%
Operating lease liabilities
n/a
2.8
n/a
Other liabilities
502
476
458
+5.6%
Total liabilities and equity
1,478
1,371
1,298
+7.8%
Trading assets
5.7
5.6
4.8
+1.8%
Cash and equivalents
6.0
5.2
7.8
+15.4%
Receivables
62.0
55.1
66.8
+12.5%
Other assets
1,404
1,305
1,219
+7.6%
Total assets
1,478
1,371
1,298
+7.8%
10-K for the year ended 31 December 2020, filed 2 February 2021: the filing.