Weyerhaeuser (WY) FY2020 results: revenue $7.5 billion, up 14.9% on the year
Weyerhaeuser Co. (WY) reported revenue of $7.5 billion for fiscal 2020, the year ended 31 December 2020, up 14.9% on the year before. Net income was $797 million, and diluted earnings per share $1.07. The figures are the company's own, from the 10-K it filed with the SEC on 19 February 2021.
Revenue
$7.5 billion
+14.9% on the year
FY2013FY2020
Operating margin
22.7%
9.9% a year earlier
FY2013FY2020
Net income
$797 million
FY2013FY2020
Diluted EPS
$1.07
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
7,532
6,554
7,476
+14.9%
Cost of revenue
5,447
5,412
5,592
+0.6%
Gross profit
2,085
1,142
1,884
+82.6%
Gross margin
27.7%
17.4%
25.2%
Research and development
5.0
6.0
8.0
-16.7%
Operating income
1,710
651
1,394
+162.7%
Operating margin
22.7%
9.9%
18.6%
Interest expense
351
378
375
-7.1%
Pre-tax income
982
-213
807
Income tax
185
-137
59.0
Effective tax rate
18.8%
n/a
7.3%
Net income
797
-76.0
748
Net margin
10.6%
-1.2%
10.0%
Diluted EPS
$1.07
-$0.10
$0.99
$ 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
1,529
966
1,112
+58.3%
Capital expenditure
56.0
57.0
368
-1.8%
Free cash flow
1,473
909
744
+62.0%
Free cash flow margin
19.6%
13.9%
10.0%
Cash from investing
185
187
-440
-1.1%
Cash from financing
-1,358
-1,348
-1,162
Depreciation and amortisation
472
510
486
-7.5%
Share-based compensation
30.0
30.0
42.0
0.0%
Buybacks
0.0
60.0
366
Dividends paid
381
1,013
995
-62.4%
Dividend per share
$0.51
$1.36
$1.32
-62.5%
Diluted shares, weighted
748m
746m
757m
+0.3%
Shares outstanding at period end
747m
745m
746m
+0.3%
Balance sheet
$ million
FY2020
FY2019
FY2018
On the year
Last 8 years
Shareholders' equity
8,731
8,177
9,046
+6.8%
Debt
5,475
6,377
6,646
-14.1%
Operating lease liabilities
95.0
103
n/a
-7.8%
Finance lease liabilities
12.0
20.0
n/a
-40.0%
Other liabilities
1,998
1,729
1,557
+15.6%
Total liabilities and equity
16,311
16,406
17,249
-0.6%
Fixed assets
2,013
1,969
1,857
+2.2%
Cash and equivalents
495
139
334
+256.1%
Receivables
450
309
337
+45.6%
Inventory
443
416
389
+6.5%
Other assets
12,910
13,573
14,332
-4.9%
Total assets
16,311
16,406
17,249
-0.6%
10-K for the year ended 31 December 2020, filed 19 February 2021: the filing.