Franklin Templeton (BEN) FY2021 results: revenue $8.4 billion, up 51.4% on the year
Franklin Templeton Inc. (BEN) reported revenue of $8.4 billion for fiscal 2021, the year ended 30 September 2021, up 51.4% on the year before. Net income was $1.8 billion, up 129.2%, and diluted earnings per share $3.57. The figures are the company's own, from the 10-K it filed with the SEC on 19 November 2021.
Revenue
$8.4 billion
+51.4% on the year
FY2014FY2021
Operating margin
22.3%
18.8% a year earlier
FY2014FY2021
Net income
$1.8 billion
+129.2% on the year
FY2014FY2021
Diluted EPS
$3.57
+124.5% 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
1,245
1,083
268
+15.0%
Capital expenditure
79.3
104
234
-23.5%
Free cash flow
1,166
980
34.8
+19.0%
Free cash flow margin
13.8%
17.6%
0.6%
Cash from investing
-2,616
-4,062
-1,275
Cash from financing
2,030
734
340
+176.4%
Depreciation and amortisation
78.6
74.5
78.7
+5.5%
Share-based compensation
172
122
112
+40.6%
Buybacks
208
218
754
-4.6%
Dividends paid
560
533
519
+5.0%
Dividend per share
$1.12
$1.08
$1.04
+3.7%
Diluted shares, weighted
491m
492m
504m
-0.4%
Shares outstanding at period end
502m
495m
499m
+1.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
11,223
10,114
9,906
+11.0%
Non-controlling interest
587
755
718
-22.2%
Redeemable equity
933
542
747
+72.2%
Debt
3,399
3,017
697
+12.7%
Other liabilities
8,025
7,256
2,464
+10.6%
Total liabilities and equity
24,168
21,684
14,532
+11.5%
Fixed assets
770
814
684
-5.4%
Goodwill
4,458
4,501
2,130
-1.0%
Intangible assets
4,710
4,914
864
-4.2%
Securities held for sale or to maturity
n/a
n/a
4.0
Cash and equivalents
4,647
3,990
6,207
+16.5%
Other assets
9,583
7,466
4,643
+28.4%
Total assets
24,168
21,684
14,532
+11.5%
10-K for the year ended 30 September 2021, filed 19 November 2021: the filing.