Ball (BALL) FY2021 results: revenue $13.8 billion, up 17.2% on the year
Ball Corp. (BALL) reported revenue of $13.8 billion for fiscal 2021, the year ended 31 December 2021, up 17.2% on the year before. Net income was $878 million, up 50.1%, and diluted earnings per share $2.65. The figures are the company's own, from the 10-K it filed with the SEC on 16 February 2022.
Revenue
$13.8 billion
+17.2% on the year
FY2014FY2021
Operating margin
9.3%
8.5% a year earlier
FY2014FY2021
Net income
$878 million
+50.1% on the year
FY2014FY2021
Diluted EPS
$2.65
+50.6% 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
1,760
1,432
1,548
+22.9%
Capital expenditure
1,726
1,113
598
+55.1%
Free cash flow
34.0
319
950
-89.3%
Free cash flow margin
0.2%
2.7%
8.3%
Cash from investing
-1,639
-1,181
-422
Cash from financing
-894
-602
-46.0
Depreciation and amortisation
700
668
678
+4.8%
Share-based compensation
40.0
43.0
37.0
-7.0%
Buybacks
766
57.0
964
+1,243.9%
Dividends paid
229
198
182
+15.7%
Dividend per share
$0.70
$0.60
$0.55
+16.7%
Diluted shares, weighted
332m
333m
340m
-0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
3,627
3,275
2,949
+10.7%
Non-controlling interest
58.0
62.0
70.0
-6.5%
Debt
7,722
7,783
7,791
-0.8%
Operating lease liabilities
340
232
181
+46.6%
Finance lease liabilities
12.0
10.0
n/a
+20.0%
Other liabilities
7,955
6,890
6,369
+15.5%
Total liabilities and equity
19,714
18,252
17,360
+8.0%
Fixed assets
n/a
n/a
4,470
Goodwill
4,378
4,484
4,419
-2.4%
Intangible assets
1,688
1,883
2,002
-10.4%
Cash and equivalents
563
1,366
1,798
-58.8%
Receivables
2,022
1,344
1,186
+50.4%
Inventory
1,795
1,353
1,274
+32.7%
Other assets
9,268
7,822
2,211
+18.5%
Total assets
19,714
18,252
17,360
+8.0%
10-K for the year ended 31 December 2021, filed 16 February 2022: the filing.