Agnt (AGNT) FY2021 results: revenue $3.8 billion, up 109.7% on the year

Agnt, Inc. (AGNT) reported revenue of $3.8 billion for fiscal 2021, the year ended 31 December 2021, up 109.7% on the year before. Net income was $81 million, up 160.9%, and diluted earnings per share $0.51. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.

Revenue

$3.8 billion

+109.7% on the year

FY2014FY2021

Operating margin

0.9%

1.8% a year earlier

FY2014FY2021

Net income

$81 million

+160.9% on the year

FY2014FY2021

Diluted EPS

$0.51

+142.9% on the year

FY2014FY2021

this yearthe year beforeHover a bar for its figure.

The year in brief

The quarters: Q4 FY2021

Income statement (profit and loss)

$ million	FY2021	FY2020	FY2019	On the year
Revenue	3,771	1,798	980	+109.7%
Operating income	34.2	31.6	-8.8	+8.1%
Operating margin	0.9%	1.8%	-0.9%
Pre-tax income	33.7	31.4	-9.1	+7.2%
Income tax	-47.5	0.4	0.5
Effective tax rate	-141.0%	1.3%	n/a
Net income	81.2	31.1	-9.5	+160.9%
Net margin	2.2%	1.7%	-1.0%
Diluted EPS	$0.51	$0.21	-$0.07	+142.9%

$ million except per share.

Free 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
Operating cash flow	247	120	55.2	+106.3%
Capital expenditure	13.4	6.4	5.0	+108.6%
Free cash flow	233	113	50.2	+106.2%
Free cash flow margin	6.2%	6.3%	5.1%
Cash from investing	-18.9	-17.0	-6.7
Cash from financing	-180	-21.9	-24.6
Depreciation and amortisation	6.2	4.2	2.1	+48.3%
Share-based compensation	13.1	6.8	5.1	+92.6%
Buybacks	172	29.4	27.1	+485.7%
Dividends paid	11.5	n/a	n/a
Diluted shares, weighted	158m	152m	125m	+4.1%
Shares outstanding at period end	149m	144m	131m	+3.2%

Balance sheet

$ million	FY2021	FY2020	FY2019	On the year
Shareholders' equity	222	142	52.0	+56.9%
Non-controlling interest	1.4	1.0	0.2	+36.0%
Debt	2.7	4.3	2.4	-36.8%
Operating lease liabilities	0.8	0.1	0.8	+933.8%
Other liabilities	187	95.2	41.0	+96.2%
Total liabilities and equity	414	242	96.5	+70.9%
Fixed assets	15.9	7.8	5.4	+102.6%
Goodwill	12.9	12.9	8.2	0.0%
Intangible assets	7.5	8.3	2.7	-9.8%
Cash and equivalents	108	100	40.1	+8.1%
Receivables	133	77.0	28.2	+73.5%
Other assets	136	36.0	11.8	+277.5%
Total assets	414	242	96.5	+70.9%

10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.