NCR Voyix (VYX) FY2019 results: revenue $6.9 billion, up 8.0% on the year
NCR Voyix Corp. (VYX) reported revenue of $6.9 billion for fiscal 2019, the year ended 31 December 2019, up 8.0% on the year before. Net income was $564 million, and diluted earnings per share $3.36. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2020.
Revenue
$6.9 billion
+8.0% on the year
FY2012FY2019
Operating margin
8.8%
3.0% a year earlier
FY2012FY2019
Net income
$564 million
FY2012FY2019
Diluted EPS
$3.36
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
6,915
6,405
6,516
+8.0%
Cost of revenue
4,994
4,730
4,652
+5.6%
Gross profit
1,921
1,675
1,864
+14.7%
Gross margin
27.8%
26.2%
28.6%
Research and development
259
252
241
+2.8%
Selling, general and administrative
1,051
1,005
923
+4.6%
Operating income
611
191
691
+219.9%
Operating margin
8.8%
3.0%
10.6%
Interest expense
197
168
163
+17.3%
Pre-tax income
341
39.0
482
+774.4%
Income tax
-273
73.0
242
Effective tax rate
-80.1%
187.2%
50.2%
Net income
564
-88.0
232
Net margin
8.2%
-1.4%
3.6%
Diluted EPS
$3.36
-$1.16
$0.97
$ 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
634
572
752
+10.8%
Capital expenditure
91.0
143
128
-36.4%
Free cash flow
543
429
624
+26.6%
Free cash flow margin
7.9%
6.7%
9.6%
Cash from investing
-512
-474
-290
Cash from financing
-61.0
-48.0
-434
Depreciation and amortisation
333
330
354
+0.9%
Share-based compensation
107
72.0
77.0
+48.6%
Buybacks
96.0
210
350
-54.3%
Diluted shares, weighted
145m
118m
127m
+22.6%
Shares outstanding at period end
128m
118m
122m
+8.2%
Balance sheet
$ million
FY2019
FY2018
FY2017
On the year
Last 8 years
Shareholders' equity
1,104
395
719
+179.5%
Non-controlling interest
3.0
4.0
3.0
-25.0%
Redeemable equity
395
859
810
-54.0%
Short-term borrowings
282
185
52.0
+52.4%
Debt
3,591
3,183
3,014
+12.8%
Operating lease liabilities
369
0.0
n/a
Finance lease liabilities
25.0
n/a
n/a
Other liabilities
3,218
3,135
3,056
+2.6%
Total liabilities and equity
8,987
7,761
7,654
+15.8%
Fixed assets
413
359
341
+15.0%
Goodwill
2,832
2,692
2,741
+5.2%
Intangible assets
607
595
578
+2.0%
Cash and equivalents
509
464
537
+9.7%
Receivables
1,490
1,356
1,270
+9.9%
Inventory
784
806
780
-2.7%
Other assets
2,352
1,489
1,407
+58.0%
Total assets
8,987
7,761
7,654
+15.8%
10-K for the year ended 31 December 2019, filed 28 February 2020: the filing.