Amphenol (APH) FY2021 results: revenue $10.9 billion, up 26.5% on the year
Amphenol Corp. (APH) reported revenue of $10.9 billion for fiscal 2021, the year ended 31 December 2021, up 26.5% on the year before. Net income was $1.6 billion, up 32.2%, and diluted earnings per share $0.64. The figures are the company's own, from the 10-K it filed with the SEC on 9 February 2022.
Revenue
$10.9 billion
+26.5% on the year
FY2014FY2021
Operating margin
19.4%
19.1% a year earlier
FY2014FY2021
Net income
$1.6 billion
+32.2% on the year
FY2014FY2021
Diluted EPS
$0.64
+29.9% 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
1,540
1,592
1,502
-3.3%
Capital expenditure
360
277
295
+30.2%
Free cash flow
1,180
1,315
1,207
-10.3%
Free cash flow margin
10.8%
15.3%
14.7%
Cash from investing
-1,888
-334
-1,229
Cash from financing
-145
-517
-648
Depreciation and amortisation
396
308
312
+28.4%
Share-based compensation
83.0
70.5
63.0
+17.7%
Buybacks
662
641
602
+3.2%
Dividends paid
347
298
280
+16.5%
Dividend per share
$0.16
$0.13
$0.12
+22.2%
Diluted shares, weighted
2,502m
2,460m
2,463m
+1.7%
Shares outstanding at period end
2,396m
2,394m
2,383m
+0.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
6,302
5,385
4,530
+17.0%
Non-controlling interest
58.1
67.0
65.9
-13.3%
Redeemable equity
19.0
0.0
n/a
Debt
4,796
3,866
3,607
+24.0%
Operating lease liabilities
180
161
145
+12.0%
Other liabilities
3,323
2,848
2,467
+16.7%
Total liabilities and equity
14,678
12,327
10,816
+19.1%
Fixed assets
1,175
1,055
999
+11.4%
Goodwill
6,377
5,032
4,867
+26.7%
Intangible assets
757
398
442
+90.4%
Investments
44.3
36.1
17.4
+22.7%
Cash and equivalents
1,197
1,702
891
-29.7%
Receivables
2,455
1,952
1,736
+25.8%
Inventory
1,894
1,462
1,310
+29.5%
Other assets
779
691
552
+12.7%
Total assets
14,678
12,327
10,816
+19.1%
10-K for the year ended 31 December 2021, filed 9 February 2022: the filing.