Andersons (ANDE) FY2021 results: revenue $12.6 billion, up 56.4% on the year
Andersons, Inc. (ANDE) reported revenue of $12.6 billion for fiscal 2021, the year ended 31 December 2021, up 56.4% on the year before. Net income was $104 million, up 1248.7%, and diluted earnings per share $3.07. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$12.6 billion
+56.4% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$104 million
+1,248.7% on the year
FY2014FY2021
Diluted EPS
$3.07
+1,234.8% 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
-51.0
-74.4
349
Capital expenditure
75.8
77.1
165
-1.8%
Free cash flow
-127
-152
183
Free cash flow margin
-1.0%
-1.9%
2.3%
Cash from investing
487
-86.8
-325
Cash from financing
-249
136
8.7
Depreciation and amortisation
179
189
146
-5.1%
Share-based compensation
11.0
10.2
16.2
+8.4%
Buybacks
0.0
0.0
n/a
Dividends paid
23.7
23.0
22.1
+3.2%
Dividend per share
$0.70
$0.70
$0.69
+0.7%
Diluted shares, weighted
34m
33m
33m
+2.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,072
962
974
+11.5%
Non-controlling interest
235
199
222
+18.4%
Debt
1,135
1,360
1,226
-16.5%
Operating lease liabilities
31.3
19.8
51.1
+57.9%
Finance lease liabilities
10.8
22.5
21.5
-52.2%
Other liabilities
2,085
1,710
1,406
+22.0%
Total liabilities and equity
4,569
4,272
3,901
+7.0%
Fixed assets
786
860
938
-8.6%
Goodwill
129
132
131
-1.7%
Intangible assets
117
140
175
-16.4%
Cash and equivalents
216
29.1
54.9
+643.2%
Inventory
1,815
1,293
1,171
+40.3%
Other assets
1,506
1,818
1,430
-17.2%
Total assets
4,569
4,272
3,901
+7.0%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.