NCR Voyix (VYX) FY2020 results: revenue $6.2 billion, down 10.2% on the year
NCR Voyix Corp. (VYX) reported revenue of $6.2 billion for fiscal 2020, the year ended 31 December 2020, down 10.2% on the year before. Net income was -$79 million, and diluted earnings per share $-0.86. The figures are the company's own, from the 10-K it filed with the SEC on 26 February 2021.
Revenue
$6.2 billion
-10.2% on the year
FY2013FY2020
Operating margin
3.6%
8.8% a year earlier
FY2013FY2020
Net income
-$79 million
FY2013FY2020
Diluted EPS
-$0.86
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
6,207
6,915
6,405
-10.2%
Cost of revenue
4,683
4,994
4,730
-6.2%
Gross profit
1,524
1,921
1,675
-20.7%
Gross margin
24.6%
27.8%
26.2%
Research and development
234
259
252
-9.7%
Selling, general and administrative
1,069
1,051
1,005
+1.7%
Operating income
221
611
191
-63.8%
Operating margin
3.6%
8.8%
3.0%
Interest expense
218
197
168
+10.7%
Pre-tax income
-59.0
341
39.0
Income tax
-53.0
-273
73.0
Effective tax rate
n/a
-80.1%
187.2%
Net income
-79.0
564
-88.0
Net margin
-1.3%
8.2%
-1.4%
Diluted EPS
-$0.86
$3.36
-$1.16
$ 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
641
634
572
+1.1%
Capital expenditure
31.0
91.0
143
-65.9%
Free cash flow
610
543
429
+12.3%
Free cash flow margin
9.8%
7.9%
6.7%
Cash from investing
-277
-512
-474
Cash from financing
-514
-61.0
-48.0
Depreciation and amortisation
364
333
330
+9.3%
Share-based compensation
108
107
72.0
+0.9%
Buybacks
41.0
96.0
210
-57.3%
Diluted shares, weighted
128m
145m
118m
-11.6%
Shares outstanding at period end
129m
128m
118m
+1.1%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
1,048
1,104
395
-5.1%
Non-controlling interest
3.0
3.0
4.0
0.0%
Redeemable equity
273
395
859
-30.9%
Short-term borrowings
8.0
282
185
-97.2%
Debt
3,318
3,591
3,183
-7.6%
Operating lease liabilities
325
369
0.0
-11.9%
Finance lease liabilities
23.0
25.0
n/a
-8.0%
Other liabilities
3,416
3,218
3,135
+6.2%
Total liabilities and equity
8,414
8,987
7,761
-6.4%
Fixed assets
373
413
359
-9.7%
Goodwill
2,837
2,832
2,692
+0.2%
Intangible assets
532
607
595
-12.4%
Cash and equivalents
338
509
464
-33.6%
Receivables
1,117
1,490
1,356
-25.0%
Inventory
601
784
806
-23.3%
Other assets
2,616
2,352
1,489
+11.2%
Total assets
8,414
8,987
7,761
-6.4%
10-K for the year ended 31 December 2020, filed 26 February 2021: the filing.