Bloom Energy (BE) FY2021 results: revenue $972 million, up 22.4% on the year
Bloom Energy Corp. (BE) reported revenue of $972 million for fiscal 2021, the year ended 31 December 2021, up 22.4% on the year before. Net income was -$164 million, and diluted earnings per share $-0.95. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$972 million
+22.4% on the year
FY2016FY2021
Operating margin
-11.8%
-10.2% a year earlier
FY2016FY2021
Net income
-$164 million
FY2016FY2021
Diluted EPS
-$0.95
FY2016FY2021
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
-60.7
-98.8
164
Capital expenditure
49.8
37.9
51.1
+31.4%
Free cash flow
-110
-137
113
Free cash flow margin
-11.4%
-17.2%
14.4%
Cash from investing
-46.7
-37.9
53.4
Cash from financing
306
176
-120
+74.0%
Depreciation
53.5
52.3
78.6
+2.2%
Diluted shares, weighted
173m
139m
115m
+25.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-44.3
78.8
-260
Non-controlling interest
42.5
62.2
91.3
-31.7%
Redeemable equity
209
0.0
0.4
Debt
527
391
637
+34.7%
Operating lease liabilities
106
41.8
0.0
+153.7%
Finance lease liabilities
2.2
0.3
n/a
+707.9%
Other liabilities
884
880
854
+0.4%
Total liabilities and equity
1,726
1,454
1,323
+18.6%
Fixed assets
n/a
601
607
Goodwill
2.0
0.0
n/a
Investments
1.8
n/a
0.0
Cash and equivalents
396
247
203
+60.4%
Receivables
87.8
96.2
37.8
-8.7%
Inventory
143
142
110
+0.9%
Other assets
1,095
369
365
+197.0%
Total assets
1,726
1,454
1,323
+18.6%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.