BWX Technologies (BWXT) FY2021 results: revenue $2.1 billion, unchanged on the year
BWX Technologies, Inc. (BWXT) reported revenue of $2.1 billion for fiscal 2021, the year ended 31 December 2021, unchanged on the year before. Net income was $306 million, up 9.8%, and diluted earnings per share $3.24. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$2.1 billion
+0.0% on the year
FY2014FY2021
Operating margin
16.3%
16.9% a year earlier
FY2014FY2021
Net income
$306 million
+9.8% on the year
FY2014FY2021
Diluted EPS
$3.24
+11.3% 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
386
196
279
+96.5%
Capital expenditure
311
255
182
+22.0%
Free cash flow
75.0
-58.6
97.2
Free cash flow margin
3.5%
-2.8%
5.1%
Cash from investing
-305
-265
-180
Cash from financing
-90.1
25.0
-43.7
Depreciation and amortisation
69.1
60.7
61.7
+13.9%
Share-based compensation
18.6
16.8
12.7
+10.5%
Buybacks
226
22.0
20.0
+928.2%
Dividends paid
79.7
72.9
65.4
+9.2%
Dividend per share
$0.84
$0.76
$0.68
+10.5%
Diluted shares, weighted
95m
96m
96m
-1.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
637
618
404
+3.1%
Non-controlling interest
0.1
0.0
0.0
+2,900.0%
Debt
1,189
863
824
+37.9%
Other liabilities
675
813
681
-17.0%
Total liabilities and equity
2,501
2,294
1,909
+9.1%
Fixed assets
1,046
816
580
+28.1%
Goodwill
286
284
276
+0.6%
Intangible assets
186
193
191
-3.7%
Investments
3.8
3.7
5.8
+2.8%
Cash and equivalents
33.9
42.6
86.5
-20.5%
Receivables
70.7
153
56.7
-53.9%
Inventory
16.3
15.0
17.1
+8.7%
Other assets
860
786
696
+9.4%
Total assets
2,501
2,294
1,909
+9.1%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.