Arcbest (ARCB) FY2021 results: revenue $3.8 billion, up 28.1% on the year
Arcbest Corp. (ARCB) reported revenue of $3.8 billion for fiscal 2021, the year ended 31 December 2021, up 28.1% on the year before. Net income was $214 million, up 200.3%, and diluted earnings per share $7.98. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$3.8 billion
+28.1% on the year
FY2009FY2021
Operating margin
7.4%
3.3% a year earlier
FY2009FY2021
Net income
$214 million
+200.3% on the year
FY2009FY2021
Diluted EPS
$7.98
+196.7% on the year
FY2009FY2021
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
324
206
170
+57.1%
Capital expenditure
58.4
43.2
91.0
+35.1%
Free cash flow
265
163
79.4
+62.9%
Free cash flow margin
7.0%
5.5%
2.7%
Cash from investing
-303
7.5
-98.2
Cash from financing
-248
-111
-60.4
Depreciation and amortisation
123
118
112
+3.5%
Share-based compensation
11.4
10.5
9.5
+9.0%
Buybacks
83.1
6.6
9.1
+1,160.0%
Dividends paid
8.1
8.2
8.2
-0.2%
Dividend per share
$0.32
$0.32
$0.32
0.0%
Diluted shares, weighted
27m
26m
26m
+1.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
929
829
763
+12.1%
Debt
226
284
324
-20.6%
Operating lease liabilities
88.8
97.8
52.3
-9.2%
Other liabilities
869
568
512
+52.9%
Total liabilities and equity
2,113
1,779
1,651
+18.8%
Fixed assets
696
679
684
+2.5%
Goodwill
300
88.3
88.3
+239.3%
Intangible assets
127
55.0
58.8
+130.2%
Investments
48.3
65.4
117
-26.1%
Cash and equivalents
76.6
304
202
-74.8%
Receivables
582
321
283
+81.5%
Other assets
283
267
219
+6.1%
Total assets
2,113
1,779
1,651
+18.8%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.