Bruker (BRKR) FY2021 results: revenue $2.4 billion, up 21.7% on the year
Bruker Corp. (BRKR) reported revenue of $2.4 billion for fiscal 2021, the year ended 31 December 2021, up 21.7% on the year before. Net income was $277 million, up 75.6%, and diluted earnings per share $1.81. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$2.4 billion
+21.7% on the year
FY2014FY2021
Operating margin
17.1%
12.5% a year earlier
FY2014FY2021
Net income
$277 million
+75.6% on the year
FY2014FY2021
Diluted EPS
$1.81
+77.5% 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
282
332
213
-15.0%
Capital expenditure
92.0
97.2
73.0
-5.3%
Free cash flow
190
235
140
-19.0%
Free cash flow margin
7.9%
11.8%
6.8%
Cash from investing
-192
-193
-158
Cash from financing
319
-162
300
Depreciation and amortisation
89.1
80.4
75.6
+10.8%
Share-based compensation
17.2
16.0
9.6
+7.5%
Buybacks
153
123
142
+24.4%
Dividends paid
24.2
24.6
25.0
-1.6%
Dividend per share
$0.16
$0.16
$0.16
0.0%
Diluted shares, weighted
153m
155m
157m
-1.1%
Shares outstanding at period end
151m
152m
154m
-0.8%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,070
961
907
+11.4%
Non-controlling interest
14.1
13.1
10.3
+7.6%
Redeemable equity
0.2
0.0
21.1
Debt
1,334
844
813
+58.0%
Operating lease liabilities
41.8
47.0
47.0
-11.1%
Finance lease liabilities
2.6
2.6
1.1
0.0%
Other liabilities
1,187
1,181
972
+0.5%
Total liabilities and equity
3,650
3,049
2,772
+19.7%
Fixed assets
406
396
306
+2.7%
Goodwill
340
320
293
+6.0%
Intangible assets
212
229
233
-7.6%
Investments
100
50.0
6.6
+100.0%
Cash and equivalents
1,068
682
678
+56.7%
Receivables
417
335
362
+24.3%
Inventory
710
692
577
+2.6%
Other assets
397
345
315
+15.3%
Total assets
3,650
3,049
2,772
+19.7%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.