Archer-Daniels-Midland (ADM) FY2021 results: revenue $85.2 billion, up 32.5% on the year
Archer-Daniels-Midland Co. (ADM) reported revenue of $85.2 billion for fiscal 2021, the year ended 31 December 2021, up 32.5% on the year before. Net income was $2.7 billion, up 52.9%, and diluted earnings per share $4.79. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$85.2 billion
+32.5% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$2.7 billion
+52.9% on the year
FY2014FY2021
Diluted EPS
$4.79
+52.1% on the year
FY2014FY2021
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
6,595
-2,386
-5,452
Capital expenditure
1,169
823
828
+42.0%
Free cash flow
5,426
-3,209
-6,280
Free cash flow margin
6.4%
-5.0%
-9.7%
Cash from investing
-2,669
4,465
5,259
Cash from financing
-1,118
-423
-660
Depreciation and amortisation
996
976
993
+2.0%
Share-based compensation
161
151
89.0
+6.6%
Buybacks
0.0
133
150
Dividends paid
834
809
789
+3.1%
Dividend per share
$1.48
$1.44
$1.40
+2.8%
Diluted shares, weighted
566m
563m
565m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
22,508
20,022
19,225
+12.4%
Redeemable equity
259
74.0
58.0
+250.0%
Debt
9,539
9,929
8,881
-3.9%
Operating lease liabilities
765
863
781
-11.4%
Other liabilities
23,065
18,831
15,052
+22.5%
Total liabilities and equity
56,136
49,719
43,997
+12.9%
Fixed assets
9,803
9,779
10,106
+0.2%
Goodwill
4,182
3,451
3,385
+21.2%
Intangible assets
2,565
2,134
2,091
+20.2%
Cash and equivalents
943
666
852
+41.6%
Receivables
3,311
2,793
2,267
+18.5%
Inventory
14,481
11,713
9,170
+23.6%
Other assets
20,851
19,183
16,126
+8.7%
Total assets
56,136
49,719
43,997
+12.9%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.