VNT FY 2019 Earnings Report — Vontier Corporation Revenue & Financial Results | Market Cap Arena

Vontier CorporationVNT

FY 2019 Earnings

Reported December 31, 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	$2.8B	—	$2.7B	—	4.0%
Op. Income	$563M	—	$500M	—	12.7%
Gross Margin	43.0%	—	42.6%	—	0.4pp
Net Margin	15.7%	—	14.5%	—	1.3pp
EPS (Diluted)	$2.59	—	$2.27	—	14.1%
Free Cash Flow	$507M	—	$379M	—	34.0%

Revenue Flow

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.2B
R&D Expenses	$136M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$491M
Other Expenses	-$600.0K
Operating Expenses	$628M
Cost & Expenses	$2.2B
OPERATING INCOME	$563M
Interest Income	$3M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$566M
Income Tax Expense	$129M
Net Income from Continuing Ops	$437M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$437M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$437M
D&A	$85M
EBIT	$563M
EBITDA	$648M
EPS	$3
EPS Diluted	$3

Income Statement

Item	Amount
REVENUE	$2.8B
Cost of Revenue	$1.6B
GROSS PROFIT	$1.2B
R&D Expenses	$136M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$491M
Other Expenses	-$600.0K
Operating Expenses	$628M
Cost & Expenses	$2.2B
OPERATING INCOME	$563M
Interest Income	$3M
Interest Expense	$0
Other Income/Expenses	$3M
INCOME BEFORE TAX	$566M
Income Tax Expense	$129M
Net Income from Continuing Ops	$437M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$437M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$437M
D&A	$85M
EBIT	$563M
EBITDA	$648M
EPS	$3
EPS Diluted	$3

Cash Flow Statement

Item	Amount
Net Income	$437M
Depreciation & Amortization	$85M
Stock-Based Compensation	$13M
Deferred Income Tax	$13M
Other Non-Cash Items	-$13M
Change in Working Capital	$11M
OPERATING CASH FLOW	$545M
Capital Expenditure	-$38M
Acquisitions (Net)	-$2M
Purchases of Investments	$0
Sales/Maturities of Investments	$0
Other Investing Activities	$100.0K
NET CASH FROM INVESTING	-$40M
Net Debt Issuance	-$193M
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$307M
NET CASH FROM FINANCING	-$500M
FREE CASH FLOW	$507M
Net Change in Cash	$0

Balance Sheet

Item	Amount
Cash & Equivalents	$0
Short-Term Investments	$0
Net Receivables	$503M
Inventory	$224M
Other Current Assets	$4M
TOTAL CURRENT ASSETS	$825M
PP&E (Net)	$140M
Goodwill	$1.2B
Intangible Assets	$274M
Long-Term Investments	$263M
Tax Assets	-$263M
Other Non-Current Assets	$432M
TOTAL NON-CURRENT ASSETS	$2.0B
TOTAL ASSETS	$2.8B
Account Payables	$319M
Short-Term Debt	$17M
Deferred Revenue	$87M
Other Current Liabilities	$157M
TOTAL CURRENT LIABILITIES	$668M
Long-Term Debt	$25M
Deferred Revenue NC	$63M
Deferred Tax Liabilities	$138M
Other Non-Current Liabilities	$94M
TOTAL NON-CURRENT LIABILITIES	$345M
TOTAL LIABILITIES	$1.0B
Common Stock	$1.7B
Additional Paid-In Capital	$0
Retained Earnings	$1.7B
Treasury Stock	$0
Accum. Other Comp. Income	$149M
Other Equity	-$1.7B
TOTAL STOCKHOLDERS' EQUITY	$1.8B
Minority Interest	$5M
TOTAL EQUITY	$1.8B
TOTAL LIABILITIES & EQUITY	$2.8B
Total Debt	$79M
Net Debt	$79M