Amcor (AMCR) FY2021 results: revenue $12.9 billion, up 3.2% on the year
Amcor plc (AMCR) reported revenue of $12.9 billion for fiscal 2021, the year ended 30 June 2021, up 3.2% on the year before. Net income was $939 million, up 53.4%, and diluted earnings per share $3.01. The figures are the company's own, from the 10-K it filed with the SEC on 24 August 2021.
Revenue
$12.9 billion
+3.2% on the year
FY2017FY2021
Operating margin
10.3%
8.0% a year earlier
FY2017FY2021
Net income
$939 million
+53.4% on the year
FY2017FY2021
Diluted EPS
$3.01
+57.6% on the year
FY2017FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
12,861
12,468
9,458
+3.2%
Cost of revenue
10,129
9,932
7,659
+2.0%
Gross profit
2,732
2,536
1,799
+7.7%
Gross margin
21.2%
20.3%
19.0%
Research and development
100
97.0
64.0
+3.1%
Selling, general and administrative
1,292
1,385
999
-6.7%
Operating income
1,321
994
792
+32.9%
Operating margin
10.3%
8.0%
8.4%
Interest expense
153
207
208
-26.1%
Pre-tax income
1,193
825
604
+44.6%
Income tax
261
187
172
+39.6%
Effective tax rate
21.9%
22.6%
28.5%
Net income
939
612
430
+53.4%
Net margin
7.3%
4.9%
4.5%
Diluted EPS
$3.01
$1.91
$1.80
+57.6%
$ 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
1,461
1,384
776
+5.5%
Capital expenditure
468
400
332
+17.1%
Free cash flow
993
985
444
+0.8%
Free cash flow margin
7.7%
7.9%
4.7%
Cash from investing
-233
38.0
10.0
Cash from financing
-1,179
-1,236
-765
Depreciation and amortisation
574
652
453
-11.9%
Share-based compensation
58.0
34.0
19.0
+70.6%
Buybacks
351
537
0.0
-34.6%
Dividends paid
742
761
680
-2.5%
Dividend per share
$2.34
$2.33
$2.90
+0.5%
Diluted shares, weighted
311m
320m
237m
-2.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
4,764
4,626
5,609
+3.0%
Non-controlling interest
57.0
61.0
65.7
-6.6%
Debt
6,289
6,234
6,103
+0.9%
Operating lease liabilities
462
466
0.0
-0.8%
Finance lease liabilities
30.0
31.0
n/a
-3.2%
Other liabilities
5,586
5,024
5,387
+11.2%
Total liabilities and equity
17,188
16,442
17,165
+4.5%
Fixed assets
3,761
3,615
3,975
+4.0%
Goodwill
5,419
5,339
5,156
+1.5%
Intangible assets
1,835
1,994
2,307
-8.0%
Cash and equivalents
850
743
602
+14.5%
Receivables
1,864
1,616
1,864
+15.4%
Inventory
1,991
1,832
1,954
+8.7%
Other assets
1,468
1,303
1,308
+12.7%
Total assets
17,188
16,442
17,165
+4.5%
10-K for the year ended 30 June 2021, filed 24 August 2021: the filing.