Red Hat Revenue

Red Hat revenue was $3.36 b in FY, 2019 which is a 15.1% year over year increase from the previous period.

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Summary - Funding Rounds

Founding Date

1993
Red Hat is a subsidiary of IBM

Red Hat Revenue Breakdown

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Red Hat revenue breakdown by business segment: 12.3% from Training and services and 87.7% from Subscription

Red Hat revenue breakdown by geographic segment: 14.4% from Asia Pacific, 23.4% from EMEA and 62.2% from Americas

Red Hat Income Statement

Annual

USDFY, 2017FY, 2018FY, 2019

Revenue

2.4b2.9b3.4b

Revenue growth, %

18%21%15%

Cost of goods sold

354.4m431.8m498.3m

Gross profit

2.1b2.5b2.9b

Gross profit Margin, %

85%85%85%

Sales and marketing expense

1.0b1.2b1.4b

R&D expense

480.7m578.3m668.5m

General and administrative expense

208.5m239.3m304.8m

Operating expense total

1.7b2.0b2.4b

EBIT

332.2m472.4m512.2m

EBIT margin, %

14%16%15%

Interest expense

23.8m24.6m19.8m

Interest income

13.9m18.5m30.5m

Pre tax profit

320.2m474.7m518.1m

Income tax expense

66.5m215.9m84.1m

Net Income

253.7m258.8m434.0m

Red Hat Balance Sheet

Annual

USDFY, 2017FY, 2018FY, 2019

Cash

1.1b1.7b1.9b

Accounts Receivable

183.0m806.7m980.2m

Prepaid Expenses

200.6m260.1m282.5m

Current Assets

2.3b3.1b3.5b

PP&E

189.6m206.1m199.0m

Goodwill

1.0b1.3b1.3b

Total Assets

4.5b5.5b5.6b

Accounts Payable

377.0m427.1m491.3m

Short-term debt

1.4m24.6m70.1m

Current Liabilities

1.9b2.3b2.7b

Long-term debt

839.6m949.4m430.6m

Non-Current Liabilities

1.4b1.7b1.3b

Total Debt

2.9b3.6b3.5b

Total Liabilities

3.3b4.0b4.0b

Common Stock

24.0k24.0k24.0k

Additional Paid-in Capital

2.3b2.4b2.8b

Retained Earnings

1.4b1.6b2.1b

Total Equity

1.2b1.5b1.6b

Debt to Equity Ratio

2.3 x2.4 x2.2 x

Debt to Assets Ratio

0.6 x0.7 x0.6 x

Financial Leverage

3.6 x3.7 x3.5 x

Red Hat Cash Flow

Annual

USDFY, 2017FY, 2018FY, 2019

Net Income

253.7m258.8m434.0m

Depreciation and Amortization

85.3m97.1m109.0m

Accounts Receivable

(119.1m)(154.1m)(189.0m)

Cash From Operating Activities

783.7m923.1m1.0b

Purchases of PP&E

(69.1m)(85.0m)(61.3m)

Cash From Investing Activities

(110.1m)(76.9m)110.0m

Long-term Borrowings

(1.7m)(1.5m)(439.3m)

Cash From Financing Activities

(504.2m)(273.1m)(919.9m)

Net Change in Cash

163.0m633.3m159.0m

Interest Paid

2.1m2.1m1.7m

Income Taxes Paid

56.7m110.9m103.2m

Red Hat Operating Metrics

FY, 2017FY, 2018Q1, 2019Q2, 2019Q3, 2019FY, 2019Q1, 2020

Backlog

$2.75 b$3.40 b$3.33 b$3.34 b$3.50 b$4.10 b$3.91 b

Countries

35 35 40

Red Hat Human Capital

Ethnicity

Y, 2014
Asian, percent10 %
White, percent82 %
Other8 %

Gender

Y, 2014
Female, percent22 %
Male, percent78 %

Red Hat Employee Rating

4.01688 votes
Culture & Values
4.3
Work/Life Balance
4.0
Senior Management
3.6
Salary & Benefits
3.8
Career Opportunities
3.9
Source