AYI FY 2020 Earnings Report — Acuity Brands, Inc. Revenue & Financial Results | Market Cap Arena

Acuity Brands, Inc.AYI

FY 2020 Earnings

Reported October 23, 2020

Quarter Comparison

Revenue

Operating Income

Gross Margin

Net Margin

EPS (Diluted)

Free Cash Flow

Metric	FY 2020	Prior Q	FY 2019	QoQ Change	YoY Change
Revenue	$3.3B	—	$3.7B	—	-9.4%
Op. Income	$354M	—	$463M	—	-23.5%
Gross Margin	42.2%	—	40.3%	—	1.9pp
Net Margin	7.5%	—	9.0%	—	-1.5pp
EPS (Diluted)	$6.27	—	$8.30	—	-24.5%
Free Cash Flow	$450M	—	$442M	—	1.9%

Revenue Flow

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$1.0B
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$20M
Operating Expenses	$1.0B
Cost & Expenses	$3.0B
OPERATING INCOME	$354M
Interest Income	$3M
Interest Expense	$26M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$325M
Income Tax Expense	$76M
Net Income from Continuing Ops	$248M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$248M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$248M
D&A	$101M
EBIT	$378M
EBITDA	$479M
EPS	$6
EPS Diluted	$6

Income Statement

Item	Amount
REVENUE	$3.3B
Cost of Revenue	$1.9B
GROSS PROFIT	$1.4B
R&D Expenses	$0
Selling & Marketing	$1.0B
General & Administrative	$0
SG&A Expenses	$1.0B
Other Expenses	$20M
Operating Expenses	$1.0B
Cost & Expenses	$3.0B
OPERATING INCOME	$354M
Interest Income	$3M
Interest Expense	$26M
Other Income/Expenses	-$29M
INCOME BEFORE TAX	$325M
Income Tax Expense	$76M
Net Income from Continuing Ops	$248M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$248M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$248M
D&A	$101M
EBIT	$378M
EBITDA	$479M
EPS	$6
EPS Diluted	$6

Cash Flow Statement

Item	Amount
Net Income	$248M
Depreciation & Amortization	$101M
Stock-Based Compensation	$38M
Deferred Income Tax	-$7M
Other Non-Cash Items	$9M
Change in Working Capital	$115M
OPERATING CASH FLOW	$505M
Capital Expenditure	-$55M
Acquisitions (Net)	-$303M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	-$2M
NET CASH FROM INVESTING	-$360M
Net Debt Issuance	$44M
Common Stock Repurchased	-$69M
Common Dividends Paid	-$21M
Other Financing Activities	-$5M
NET CASH FROM FINANCING	-$50M
FREE CASH FLOW	$450M
Net Change in Cash	$100M

Balance Sheet

Item	Amount
Cash & Equivalents	$561M
Short-Term Investments	$0
Net Receivables	$500M
Inventory	$320M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.4B
PP&E (Net)	$334M
Goodwill	$1.1B
Intangible Assets	$606M
Long-Term Investments	$6M
Tax Assets	$3M
Other Non-Current Assets	$24M
TOTAL NON-CURRENT ASSETS	$2.1B
TOTAL ASSETS	$3.5B
Account Payables	$327M
Short-Term Debt	$24M
Deferred Revenue	$5M
Other Current Liabilities	$231M
TOTAL CURRENT LIABILITIES	$618M
Long-Term Debt	$377M
Deferred Revenue NC	$54M
Deferred Tax Liabilities	$95M
Other Non-Current Liabilities	$165M
TOTAL NON-CURRENT LIABILITIES	$747M
TOTAL LIABILITIES	$1.4B
Common Stock	$500.0K
Additional Paid-In Capital	$964M
Retained Earnings	$2.5B
Treasury Stock	-$1.2B
Accum. Other Comp. Income	-$133M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$2.1B
Minority Interest	$0
TOTAL EQUITY	$2.1B
TOTAL LIABILITIES & EQUITY	$3.5B
Total Debt	$475M
Net Debt	-$86M