Bristow Group (VTOL) FY2019 results: revenue $226 million, up 2.0% on the year
Bristow Group Inc. (VTOL) reported revenue of $226 million for fiscal 2019, the year ended 31 December 2019, up 2.0% on the year before. Net income was -$4 million, and diluted earnings per share $-0.17. The figures are the company's own, from the 10-K it filed with the SEC on 6 March 2020.
Revenue
$226 million
+2.0% on the year
FY2012FY2019
Operating margin
-1.5%
12.7% a year earlier
FY2012FY2019
Net income
-$4 million
FY2012FY2019
Diluted EPS
-$0.17
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
226
222
231
+2.0%
Operating income
-3.3
28.1
-136
Operating margin
-1.5%
12.7%
-59.0%
Interest expense
13.9
15.1
16.8
-8.3%
Pre-tax income
-14.7
14.2
-153
Income tax
-0.7
2.9
-123
Effective tax rate
n/a
20.7%
n/a
Net income
-3.6
13.9
-28.2
Net margin
-1.6%
6.3%
-12.2%
Diluted EPS
-$0.17
$0.64
-$1.36
$ 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
27.6
54.4
20.1
-49.3%
Capital expenditure
6.6
9.2
16.8
-28.8%
Free cash flow
21.0
45.1
3.3
-53.5%
Free cash flow margin
9.3%
20.4%
1.4%
Cash from investing
48.6
22.8
-6.6
+113.0%
Cash from financing
-9.4
-43.5
-27.5
Depreciation and amortisation
37.6
39.5
45.7
-4.9%
Share-based compensation
3.6
2.9
4.6
+23.8%
Buybacks
7.7
0.0
0.1
Diluted shares, weighted
21m
21m
21m
-0.8%
Shares outstanding at period end
21m
22m
21m
-2.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
457
463
446
-1.4%
Redeemable equity
2.8
3.3
3.8
-14.8%
Debt
162
165
208
-1.7%
Operating lease liabilities
7.8
0.0
n/a
Other liabilities
135
133
134
+1.4%
Total liabilities and equity
765
765
792
-0.0%
Fixed assets
557
599
674
-7.1%
Intangible assets
0.1
1.1
1.1
-91.3%
Cash and equivalents
117
50.8
13.6
+131.2%
Receivables
n/a
33.3
33.8
Inventory
20.1
20.7
21.1
-2.9%
Other assets
70.1
59.8
48.5
+17.1%
Total assets
765
765
792
-0.0%
10-K for the year ended 31 December 2019, filed 6 March 2020: the filing.