AMETEK (AME) FY2021 results: revenue $5.5 billion, up 22.2% on the year
AMETEK Inc. (AME) reported revenue of $5.5 billion for fiscal 2021, the year ended 31 December 2021, up 22.2% on the year before. Net income was $990 million, up 13.5%, and diluted earnings per share $4.25. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$5.5 billion
+22.2% on the year
FY2014FY2021
Operating margin
23.6%
22.6% a year earlier
FY2014FY2021
Net income
$990 million
+13.5% on the year
FY2014FY2021
Diluted EPS
$4.25
+12.7% 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
1,160
1,281
1,114
-9.4%
Capital expenditure
111
74.2
102
+49.2%
Free cash flow
1,050
1,207
1,012
-13.0%
Free cash flow margin
18.9%
26.6%
19.6%
Cash from investing
-2,056
61.6
-1,151
Cash from financing
39.3
-539
72.9
Depreciation and amortisation
292
255
234
+14.4%
Share-based compensation
46.1
41.6
40.4
+10.9%
Buybacks
14.7
4.7
11.9
+214.0%
Dividends paid
185
165
127
+11.9%
Dividend per share
n/a
n/a
$0.56
Diluted shares, weighted
233m
231m
229m
+0.7%
Shares outstanding at period end
232m
230m
229m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,872
5,949
5,115
+15.5%
Debt
2,544
2,414
2,769
+5.4%
Operating lease liabilities
129
128
143
+0.7%
Other liabilities
2,353
1,866
1,818
+26.1%
Total liabilities and equity
11,898
10,357
9,845
+14.9%
Fixed assets
617
527
549
+17.2%
Goodwill
5,239
4,225
4,048
+24.0%
Intangible assets
3,369
2,624
2,763
+28.4%
Cash and equivalents
347
1,213
393
-71.4%
Receivables
829
597
745
+38.8%
Inventory
769
559
625
+37.6%
Other assets
729
613
723
+18.9%
Total assets
11,898
10,357
9,845
+14.9%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.