AYI FY 2019 Earnings Report — Acuity Brands, Inc. Revenue & Financial Results | Market Cap Arena

Acuity Brands, Inc.AYI

FY 2019 Earnings

Reported October 29, 2019

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2019	Prior Q	FY 2018	QoQ Change	YoY Change
Revenue	$3.7B	—	$3.7B	—	-0.2%
Op. Income	$463M	—	$461M	—	0.5%
Gross Margin	40.3%	—	40.4%	—	-0.1pp
Net Margin	9.0%	—	9.5%	—	-0.5pp
EPS (Diluted)	$8.30	—	$8.53	—	-2.7%
Free Cash Flow	$442M	—	$310M	—	42.7%

Revenue Flow

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$1.0B
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$2M
Operating Expenses	$1.0B
Cost & Expenses	$3.2B
OPERATING INCOME	$463M
Interest Income	$3M
Interest Expense	$36M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$425M
Income Tax Expense	$95M
Net Income from Continuing Ops	$330M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$330M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$330M
D&A	$88M
EBIT	$460M
EBITDA	$548M
EPS	$8
EPS Diluted	$8

Income Statement

Item	Amount
REVENUE	$3.7B
Cost of Revenue	$2.2B
GROSS PROFIT	$1.5B
R&D Expenses	$0
Selling & Marketing	$1.0B
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$2M
Operating Expenses	$1.0B
Cost & Expenses	$3.2B
OPERATING INCOME	$463M
Interest Income	$3M
Interest Expense	$36M
Other Income/Expenses	-$38M
INCOME BEFORE TAX	$425M
Income Tax Expense	$95M
Net Income from Continuing Ops	$330M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$330M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$330M
D&A	$88M
EBIT	$460M
EBITDA	$548M
EPS	$8
EPS Diluted	$8

Cash Flow Statement

Item	Amount
Net Income	$330M
Depreciation & Amortization	$88M
Stock-Based Compensation	$29M
Deferred Income Tax	$9M
Other Non-Cash Items	$900.0K
Change in Working Capital	$37M
OPERATING CASH FLOW	$495M
Capital Expenditure	-$53M
Acquisitions (Net)	-$3M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$3M
NET CASH FROM INVESTING	-$53M
Net Debt Issuance	-$400.0K
Common Stock Repurchased	-$82M
Common Dividends Paid	-$21M
Other Financing Activities	-$6M
NET CASH FROM FINANCING	-$108M
FREE CASH FLOW	$442M
Net Change in Cash	$332M

Balance Sheet

Item	Amount
Cash & Equivalents	$461M
Short-Term Investments	$0
Net Receivables	$561M
Inventory	$341M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$277M
Goodwill	$967M
Intangible Assets	$466M
Long-Term Investments	$0
Tax Assets	$2M
Other Non-Current Assets	$18M
TOTAL NON-CURRENT ASSETS	$1.7B
TOTAL ASSETS	$3.2B
Account Payables	$339M
Short-Term Debt	$9M
Deferred Revenue	$0
Other Current Liabilities	$73M
TOTAL CURRENT LIABILITIES	$596M
Long-Term Debt	$348M
Deferred Revenue NC	$0
Deferred Tax Liabilities	$93M
Other Non-Current Liabilities	$217M
TOTAL NON-CURRENT LIABILITIES	$657M
TOTAL LIABILITIES	$1.3B
Common Stock	$500.0K
Additional Paid-In Capital	$930M
Retained Earnings	$2.3B
Treasury Stock	-$1.2B
Accum. Other Comp. Income	-$151M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$1.9B
Minority Interest	$0
TOTAL EQUITY	$1.9B
TOTAL LIABILITIES & EQUITY	$3.2B
Total Debt	$357M
Net Debt	-$104M