Adeia (ADEA) FY2021 results: revenue $391 million, down 24.2% on the year
Adeia Inc. (ADEA) reported revenue of $391 million for fiscal 2021, the year ended 31 December 2021, down 24.2% on the year before. Net income was -$55 million, and diluted earnings per share $-0.53. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$391 million
-24.2% on the year
FY2018FY2021
Operating margin
30.4%
51.8% a year earlier
FY2018FY2021
Net income
-$55 million
FY2018FY2021
Diluted EPS
-$0.53
FY2018FY2021
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Operating cash flow
235
428
169
-45.1%
Capital expenditure
13.9
7.4
8.8
+89.1%
Free cash flow
221
420
160
-47.4%
Free cash flow margin
56.4%
81.5%
57.3%
Cash from investing
-6.2
17.8
-19.1
Cash from financing
-196
-351
-189
Depreciation and amortisation
227
175
107
+30.0%
Share-based compensation
58.2
39.1
31.6
+48.7%
Buybacks
84.9
80.6
4.5
+5.3%
Dividends paid
21.0
30.8
39.5
-32.0%
Dividend per share
$0.20
$0.50
$0.80
-60.0%
Diluted shares, weighted
105m
84m
49m
+24.9%
Shares outstanding at period end
103m
105m
50m
-1.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,350
1,457
548
-7.4%
Non-controlling interest
-9.2
-5.8
-2.8
Debt
765
839
335
-8.8%
Operating lease liabilities
5.6
66.2
13.4
-91.5%
Other liabilities
358
344
155
+4.1%
Total liabilities and equity
2,470
2,701
1,048
-8.6%
Fixed assets
4.9
63.2
32.9
-92.2%
Goodwill
315
315
386
0.0%
Intangible assets
547
1,004
232
-45.5%
Investments
60.5
86.9
45.8
-30.4%
Cash and equivalents
80.4
170
74.6
-52.7%
Receivables
64.2
116
24.2
-44.7%
Inventory
5.1
9.8
0.1
-48.0%
Other assets
1,393
936
252
+48.8%
Total assets
2,470
2,701
1,048
-8.6%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.