BGC Group (BGC) FY2021 results: revenue $2.0 billion, down 2.0% on the year
BGC Group, Inc. (BGC) reported revenue of $2.0 billion for fiscal 2021, the year ended 31 December 2021, down 2.0% on the year before. Net income was $124 million, up 175.2%, and diluted earnings per share $0.32. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$2.0 billion
-2.0% on the year
FY2014FY2021
Operating margin
-8.1%
3.2% a year earlier
FY2014FY2021
Net income
$124 million
+175.2% on the year
FY2014FY2021
Diluted EPS
$0.32
+166.7% 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
417
303
241
+37.9%
Capital expenditure
10.1
30.8
46.7
-67.2%
Free cash flow
407
272
194
+49.8%
Free cash flow margin
20.2%
13.2%
9.2%
Cash from investing
121
-77.9
-42.6
Cash from financing
-820
-13.1
18.2
Depreciation and amortisation
81.9
85.4
81.9
-4.2%
Buybacks
365
0.0
1.2
+6,089,866.7%
Dividends paid
15.1
60.4
192
-75.0%
Dividend per share
$0.04
$0.17
$0.56
-76.5%
Diluted shares, weighted
540m
547m
460m
-1.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
620
754
675
-17.8%
Non-controlling interest
43.6
57.1
50.3
-23.7%
Redeemable equity
18.8
20.7
23.6
-9.3%
Debt
1,056
1,320
1,148
-20.0%
Other liabilities
1,604
1,798
2,031
-10.8%
Total liabilities and equity
3,342
3,949
3,927
-15.4%
Fixed assets
n/a
215
205
Goodwill
487
556
554
-12.5%
Intangible assets
208
287
303
-27.7%
Cash and equivalents
554
596
415
-7.2%
Other assets
2,094
2,295
2,450
-8.8%
Total assets
3,342
3,949
3,927
-15.4%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.