VNE · Veoneer, Inc. - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Revenue | $1.66B | $1.37B | $1.90B | $2.22B |
| Cost of Revenue | $1.38B | $1.19B | $1.59B | $1.79B |
| Gross Profit | $273.00M | $182.00M | $311.00M | $423.00M |
| R&D | - | - | - | - |
| SG&A | $159.00M | $165.00M | $189.00M | $110.00M |
| Total Operating Expenses | - | - | - | - |
| D&A | $114.00M | $103.00M | $115.00M | $106.00M |
| Operating Income | ($357.00M) | ($367.00M) | ($460.00M) | ($25.00M) |
| Interest Expense | $21.00M | $20.00M | $12.00M | $0 |
| Income Tax | $16.00M | $32.00M | $1.00M | $38.00M |
| Net Income | ($385.00M) | ($545.00M) | ($522.00M) | ($53.00M) |
| EPS - Basic | ($3.44) | ($4.89) | ($4.92) | ($0.61) |
| EPS - Diluted | ($3.44) | ($4.89) | ($4.92) | ($0.61) |
Balance Sheet
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Cash & Equivalents | $423.00M | $758.00M | $859.00M | $0 |
| Accounts Receivable | $267.00M | $292.00M | $253.00M | $448.00M |
| Inventory | $192.00M | $134.00M | $144.00M | $172.00M |
| Accounts Payable | $281.00M | $257.00M | $233.00M | $369.00M |
| Current Assets | $941.00M | $1.24B | $1.65B | $1.54B |
| Total Assets | $1.75B | $2.29B | $2.74B | $2.63B |
| Current Liabilities | $565.00M | $587.00M | $591.00M | $636.00M |
| Long-term Debt | - | - | - | - |
| Total Liabilities | - | - | - | - |
| Stockholders' Equity | $853.00M | $1.24B | $1.73B | $1.83B |
| Retained Earnings | ($1.61B) | ($1.23B) | ($681.00M) | ($181.00M) |
Cash Flow
| Line item | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Operating Cash Flow | ($291.00M) | ($192.00M) | ($325.00M) | ($7.00M) |
| Investing Cash Flow | ($31.00M) | $85.00M | ($265.00M) | ($335.00M) |
| Financing Cash Flow | ($7.00M) | ($9.00M) | $636.00M | $343.00M |
| CapEx | $60.00M | $91.00M | $213.00M | $103.00M |
| Free Cash Flow | ($351.00M) | ($283.00M) | ($538.00M) | ($110.00M) |
Ratios
| Metric | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|
| Profitability | ||||
| Gross margin | 16.5% | 13.3% | 16.4% | 19.1% |
| Operating margin | -21.5% | -26.7% | -24.2% | -1.1% |
| EBITDA margin | -14.7% | -19.2% | -18.1% | 3.7% |
| Net margin | -23.2% | -39.7% | -27.4% | -2.4% |
| Free cash flow margin | -21.2% | -20.6% | -28.3% | -5.0% |
| FCF / Net income | 0.91 | 0.52 | 1.03 | 2.08 |
| R&D / Revenue | - | - | - | - |
| SG&A / Revenue | 9.6% | 12.0% | 9.9% | 5.0% |
| Effective tax rate | - | - | - | - |
| Return on assets | -22.0% | -23.8% | -19.0% | -2.0% |
| Return on equity | -45.1% | -44.0% | -30.2% | -2.9% |
| Return on invested capital | - | - | - | - |
| Liquidity | ||||
| Current ratio | 1.67 | 2.12 | 2.79 | 2.43 |
| Quick ratio | 1.33 | 1.89 | 2.55 | 2.16 |
| Cash ratio | 0.75 | 1.29 | 1.45 | 0.00 |
| Leverage | ||||
| Debt / Equity | - | - | - | - |
| Debt / Assets | - | - | - | - |
| Debt / EBITDA | - | - | - | - |
| Interest coverage | -17.0x | -18.4x | -38.3x | - |
| Equity multiplier | 2.05 | 1.85 | 1.59 | 1.44 |
| Liabilities / Assets | - | - | - | - |
| Efficiency | ||||
| Asset turnover | 0.95 | 0.60 | 0.69 | 0.84 |
| Inventory turnover | 7.21 | 8.89 | 11.05 | 10.44 |
| Days sales outstanding | 59d | 78d | 49d | 74d |
| Days inventory outstanding | 51d | 41d | 33d | 35d |
| Days payable outstanding | 74d | 79d | 53d | 75d |
| Cash conversion cycle | 35d | 40d | 28d | 34d |
| Valuation | ||||
| P / E | - | - | - | - |
| P / B | - | - | - | - |
| P / S | - | - | - | - |
| EV / EBITDA | - | - | - | - |
| Growth | ||||
| Revenue growth (YoY) | 20.7% | -27.8% | -14.2% | - |
| Revenue CAGR (3y) | -9.3% | - | - | - |
| Revenue CAGR (5y) | - | - | - | - |
| Gross profit growth (YoY) | 50.0% | -41.5% | -26.5% | - |
| Operating income growth (YoY) | 2.7% | 20.2% | -1740.0% | - |
| Net income growth (YoY) | 29.4% | -4.4% | -884.9% | - |
| EPS growth (YoY) | 29.7% | 0.6% | -706.6% | - |
| EPS CAGR (3y) | - | - | - | - |
| EPS CAGR (5y) | - | - | - | - |
| FCF growth (YoY) | -24.0% | 47.4% | -389.1% | - |
| FCF CAGR (5y) | - | - | - | - |
| Book value growth (YoY) | -31.2% | -28.3% | -5.3% | - |
Sales by segment
From XBRL dimensional facts in the 10-K period ending 2021-12-31.
Business segments
$1.66B totalElectronics$1.61B · 97.1%
Brake Systems Segment$48.00M · 2.9%
Product / service
$1.66B totalActive Safety Products$869.00M · 52.4%
Restraint Control Systems$689.00M · 41.6%
Product And Service Other$51.00M · 3.1%
Brake Systems$48.00M · 2.9%
Geographic
$1.74B totalEurope$667.00M · 38.4%
Americas$490.00M · 28.2%
Asia$452.00M · 26.0%
Non Us$128.00M · 7.4%
Stability scores
Piotroski F-score
FY 2021 · 9-point quality
5/9
Neutral
- ✗Net income positive
- ✗Operating cash flow positive
- ✓ROA improved YoY
- ✓Cash flow > net income
- -Long-term debt decreased
- ✗Current ratio improved
- ✓No share dilution
- ✓Gross margin improved
- ✓Asset turnover improved
Peer comparison
Same SIC group: Motor Vehicle Parts & Accessories
Comparing Veoneer against the 5 most active filers in the same SIC group.