Astec Industries (ASTE) FY2021 results: revenue $1.1 billion, up 7.1% on the year
Astec Industries Inc. (ASTE) reported revenue of $1.1 billion for fiscal 2021, the year ended 31 December 2021, up 7.1% on the year before. Net income was $16 million, down 65.7%, and diluted earnings per share $0.69. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$1.1 billion
+7.1% on the year
FY2014FY2021
Operating margin
1.8%
4.0% a year earlier
FY2014FY2021
Net income
$16 million
-65.7% on the year
FY2014FY2021
Diluted EPS
$0.69
-65.7% 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
7.4
142
112
-94.8%
Capital expenditure
20.1
15.4
23.4
+30.5%
Free cash flow
-12.7
126
89.1
Free cash flow margin
-1.2%
12.3%
7.6%
Cash from investing
-18.4
-20.9
-21.6
Cash from financing
-12.1
-10.4
-68.1
Depreciation and amortisation
30.2
26.9
26.2
+12.3%
Share-based compensation
6.0
5.1
2.6
+17.6%
Buybacks
0.0
0.0
0.0
Dividends paid
10.2
10.0
10.0
+2.0%
Dividend per share
$0.45
$0.44
$0.44
+2.3%
Diluted shares, weighted
23m
23m
23m
+0.3%
Shares outstanding at period end
23m
23m
23m
+0.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
651
642
602
+1.3%
Non-controlling interest
0.5
0.5
0.5
0.0%
Debt
2.9
2.0
2.0
+45.0%
Operating lease liabilities
4.2
4.7
2.0
-10.6%
Other liabilities
247
198
194
+24.6%
Total liabilities and equity
906
848
800
+6.8%
Fixed assets
172
173
190
-0.6%
Goodwill
38.6
38.7
33.1
-0.3%
Intangible assets
22.7
31.2
23.5
-27.2%
Investments
20.8
18.0
17.6
+15.6%
Trading assets
n/a
18.0
17.6
Cash and equivalents
134
159
48.9
-15.3%
Receivables
142
116
120
+22.3%
Inventory
299
250
295
+19.6%
Other assets
77.2
45.3
54.6
+70.4%
Total assets
906
848
800
+6.8%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.