VNT FY 2020 Earnings Report — Vontier Corporation Revenue & Financial Results | Market Cap Arena

Vontier CorporationVNT

FY 2020 Earnings

Reported February 25, 2021

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	$2.7B	—	$2.8B	—	-2.4%
Op. Income	$468M	—	$563M	—	-16.9%
Gross Margin	43.9%	—	43.0%	—	1.0pp
Net Margin	12.6%	—	15.7%	—	-3.1pp
EPS (Diluted)	$2.02	—	$2.59	—	-22.0%
Free Cash Flow	$656M	—	$507M	—	29.3%

Revenue Flow

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.2B
R&D Expenses	$126M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$508M
Other Expenses	$85M
Operating Expenses	$720M
Cost & Expenses	$2.2B
OPERATING INCOME	$468M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$460M
Income Tax Expense	$118M
Net Income from Continuing Ops	$342M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$342M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$342M
D&A	$78M
EBIT	$470M
EBITDA	$549M
EPS	$2
EPS Diluted	$2

Income Statement

Item	Amount
REVENUE	$2.7B
Cost of Revenue	$1.5B
GROSS PROFIT	$1.2B
R&D Expenses	$126M
Selling & Marketing	$0
General & Administrative	$0
SG&A Expenses	$508M
Other Expenses	$85M
Operating Expenses	$720M
Cost & Expenses	$2.2B
OPERATING INCOME	$468M
Interest Income	$0
Interest Expense	$10M
Other Income/Expenses	-$8M
INCOME BEFORE TAX	$460M
Income Tax Expense	$118M
Net Income from Continuing Ops	$342M
Net Income from Discontinued Ops	$0
Other Adjustments	$0
NET INCOME	$342M
Net Income Deductions	$0
BOTTOM LINE NET INCOME	$342M
D&A	$78M
EBIT	$470M
EBITDA	$549M
EPS	$2
EPS Diluted	$2

Cash Flow Statement

Item	Amount
Net Income	$342M
Depreciation & Amortization	$78M
Stock-Based Compensation	$23M
Deferred Income Tax	$83M
Other Non-Cash Items	$800.0K
Change in Working Capital	$165M
OPERATING CASH FLOW	$691M
Capital Expenditure	-$36M
Acquisitions (Net)	-$10M
Purchases of Investments	-$10M
Sales/Maturities of Investments	$10M
Other Investing Activities	$4M
NET CASH FROM INVESTING	-$42M
Net Debt Issuance	$1.8B
Common Stock Repurchased	$0
Common Dividends Paid	$0
Other Financing Activities	-$2.1B
NET CASH FROM FINANCING	-$284M
FREE CASH FLOW	$656M
Net Change in Cash	$381M

Balance Sheet

Item	Amount
Cash & Equivalents	$381M
Short-Term Investments	$0
Net Receivables	$447M
Inventory	$234M
Other Current Assets	$0
TOTAL CURRENT ASSETS	$1.2B
PP&E (Net)	$137M
Goodwill	$1.1B
Intangible Assets	$251M
Long-Term Investments	$259M
Tax Assets	-$259M
Other Non-Current Assets	$411M
TOTAL NON-CURRENT ASSETS	$1.9B
TOTAL ASSETS	$3.1B
Account Payables	$367M
Short-Term Debt	$11M
Deferred Revenue	$88M
Other Current Liabilities	$202M
TOTAL CURRENT LIABILITIES	$838M
Long-Term Debt	$1.8B
Deferred Revenue NC	$58M
Deferred Tax Liabilities	$0
Other Non-Current Liabilities	$159M
TOTAL NON-CURRENT LIABILITIES	$2.0B
TOTAL LIABILITIES	$2.9B
Common Stock	$0
Additional Paid-In Capital	$8M
Retained Earnings	-$14M
Treasury Stock	$0
Accum. Other Comp. Income	$194M
Other Equity	$0
TOTAL STOCKHOLDERS' EQUITY	$187M
Minority Interest	$4M
TOTAL EQUITY	$191M
TOTAL LIABILITIES & EQUITY	$3.1B
Total Debt	$1.8B
Net Debt	$1.5B