Boise Cascade (BCC) FY2021 results: revenue $7.9 billion, up 44.8% on the year
Boise Cascade Co. (BCC) reported revenue of $7.9 billion for fiscal 2021, the year ended 31 December 2021, up 44.8% on the year before. Net income was $712 million, up 307.2%, and diluted earnings per share $17.97. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$7.9 billion
+44.8% on the year
FY2014FY2021
Operating margin
12.3%
6.1% a year earlier
FY2014FY2021
Net income
$712 million
+307.2% on the year
FY2014FY2021
Diluted EPS
$17.97
+304.7% 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
667
295
246
+126.5%
Capital expenditure
107
79.4
82.7
+34.1%
Free cash flow
560
215
163
+160.6%
Free cash flow margin
7.1%
3.9%
3.5%
Cash from investing
-106
-78.7
-94.1
Cash from financing
-218
-95.7
-58.0
Depreciation and amortisation
80.8
95.2
80.1
-15.1%
Share-based compensation
7.9
7.8
8.0
+1.2%
Buybacks
0.0
0.0
0.0
Dividends paid
214
79.2
54.0
+169.8%
Dividend per share
$5.42
$2.00
$1.37
+171.0%
Diluted shares, weighted
40m
39m
39m
+0.5%
Shares outstanding at period end
39m
39m
39m
+0.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,353
851
701
+59.0%
Debt
445
444
441
+0.2%
Operating lease liabilities
55.3
56.0
58.0
-1.3%
Finance lease liabilities
31.9
31.6
23.4
+0.9%
Other liabilities
688
584
470
+17.9%
Total liabilities and equity
2,573
1,966
1,693
+30.9%
Fixed assets
495
461
477
+7.3%
Goodwill
60.4
60.4
60.4
0.0%
Intangible assets
15.4
16.6
17.8
-7.4%
Cash and equivalents
749
405
285
+84.7%
Receivables
444
376
216
+18.2%
Inventory
661
503
498
+31.2%
Other assets
148
143
139
+3.6%
Total assets
2,573
1,966
1,693
+30.9%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.