BrightView Holdings (BV) FY2021 results: revenue $2.6 billion, up 8.8% on the year
BrightView Holdings, Inc. (BV) reported revenue of $2.6 billion for fiscal 2021, the year ended 30 September 2021, up 8.8% on the year before. Net income was $46 million, and diluted earnings per share $0.44. The figures are the company's own, from the 10-K it filed with the SEC on 17 November 2021.
Revenue
$2.6 billion
+8.8% on the year
FY2018FY2021
Operating margin
3.5%
0.5% a year earlier
FY2018FY2021
Net income
$46 million
FY2018FY2021
Diluted EPS
$0.44
FY2018FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
2,554
2,346
2,405
+8.8%
Cost of revenue
1,903
1,751
1,766
+8.7%
Gross profit
651
595
638
+9.3%
Gross margin
25.5%
25.4%
26.5%
Selling, general and administrative
508
527
452
-3.7%
Operating income
90.5
12.1
130
+647.9%
Operating margin
3.5%
0.5%
5.4%
Interest expense
42.3
64.6
72.5
-34.5%
Pre-tax income
50.9
-51.2
57.2
Income tax
4.6
-9.6
12.8
Effective tax rate
9.0%
n/a
22.4%
Net income
46.3
-41.6
44.4
Net margin
1.8%
-1.8%
1.8%
Diluted EPS
$0.44
-$0.40
$0.43
$ 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
148
245
170
-39.5%
Capital expenditure
61.2
52.7
89.9
+16.1%
Free cash flow
87.2
192
79.8
-54.7%
Free cash flow margin
3.4%
8.2%
3.3%
Cash from investing
-159
-109
-146
Cash from financing
-23.1
-18.3
-20.3
Depreciation and amortisation
137
136
136
+0.5%
Share-based compensation
19.7
23.6
15.7
-16.5%
Buybacks
1.9
1.5
1.2
+26.7%
Diluted shares, weighted
106m
104m
103m
+1.9%
Shares outstanding at period end
105m
105m
105m
0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,343
1,272
1,284
+5.6%
Debt
1,141
1,140
1,145
+0.1%
Operating lease liabilities
54.2
47.5
n/a
+14.1%
Finance lease liabilities
12.7
14.6
n/a
-13.0%
Other liabilities
687
598
500
+15.0%
Total liabilities and equity
3,238
3,071
2,929
+5.4%
Fixed assets
264
252
272
+5.1%
Goodwill
1,951
1,859
1,810
+4.9%
Intangible assets
198
221
252
-10.7%
Cash and equivalents
124
157
39.1
-21.3%
Receivables
379
319
334
+18.7%
Inventory
n/a
6.5
26.5
Other assets
322
256
195
+25.8%
Total assets
3,238
3,071
2,929
+5.4%
10-K for the year ended 30 September 2021, filed 17 November 2021: the filing.