ADT (ADT) FY2021 results: revenue $4.2 billion, down 20.9% on the year
ADT Inc. (ADT) reported revenue of $4.2 billion for fiscal 2021, the year ended 31 December 2021, down 20.9% on the year before. Net income was -$341 million, and diluted earnings per share $-0.41. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$4.2 billion
-20.9% on the year
FY2016FY2021
Operating margin
0.2%
0.8% a year earlier
FY2016FY2021
Net income
-$341 million
FY2016FY2021
Diluted EPS
-$0.41
FY2016FY2021
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
1,650
1,367
1,873
+20.7%
Capital expenditure
168
157
159
+7.0%
Free cash flow
1,481
1,210
1,714
+22.5%
Free cash flow margin
35.3%
22.8%
33.4%
Cash from investing
-1,696
-1,137
-978
Cash from financing
-128
-70.3
-1,214
Depreciation and amortisation
1,840
1,914
1,989
-3.9%
Share-based compensation
61.2
96.0
85.6
-36.2%
Buybacks
0.0
0.0
150
Dividends paid
116
109
565
+6.4%
Dividend per share
n/a
n/a
$0.84
Diluted shares, weighted
n/a
760m
747m
Shares outstanding at period end
n/a
771m
754m
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,249
3,039
3,184
+6.9%
Debt
9,837
9,705
9,692
+1.4%
Operating lease liabilities
99.7
116
100.0
-13.8%
Finance lease liabilities
54.4
34.4
47.8
+58.1%
Other liabilities
3,655
3,223
3,059
+13.4%
Total liabilities and equity
16,894
16,117
16,084
+4.8%
Fixed assets
364
326
329
+11.8%
Goodwill
5,601
5,236
4,960
+7.0%
Intangible assets
5,413
5,907
6,670
-8.4%
Cash and equivalents
24.5
205
48.7
-88.1%
Receivables
442
336
287
+31.6%
Other assets
5,049
4,107
3,790
+22.9%
Total assets
16,894
16,117
16,084
+4.8%
10-K for the year ended 31 December 2021, filed 1 March 2022: the filing.