Cabot (CBT) FY2021 results: revenue $3.4 billion, up 30.4% on the year
Cabot Corp. (CBT) reported revenue of $3.4 billion for fiscal 2021, the year ended 30 September 2021, up 30.4% on the year before. Net income was $250 million, and diluted earnings per share $4.34. The figures are the company's own, from the 10-K it filed with the SEC on 29 November 2021.
Revenue
$3.4 billion
+30.4% on the year
FY2014FY2021
Operating margin
13.3%
0.8% a year earlier
FY2014FY2021
Net income
$250 million
FY2014FY2021
Diluted EPS
$4.34
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
257
377
363
-31.8%
Capital expenditure
195
200
224
-2.5%
Free cash flow
62.0
177
139
-65.0%
Free cash flow margin
1.8%
6.8%
4.2%
Cash from investing
-186
-288
-94.0
Cash from financing
-60.0
-132
-236
Depreciation and amortisation
160
158
148
+1.3%
Share-based compensation
21.0
9.0
11.0
+133.3%
Buybacks
3.0
44.0
173
-93.2%
Dividends paid
80.0
80.0
80.0
0.0%
Dividend per share
$1.40
$1.40
$1.36
0.0%
Diluted shares, weighted
57m
57m
59m
+0.4%
Shares outstanding at period end
57m
56m
57m
+0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
947
691
998
+37.0%
Non-controlling interest
143
123
136
+16.3%
Short-term borrowings
n/a
n/a
33.0
Debt
1,162
1,115
1,026
+4.2%
Operating lease liabilities
84.0
89.0
n/a
-5.6%
Finance lease liabilities
29.0
28.0
n/a
+3.6%
Other liabilities
941
735
811
+28.0%
Total liabilities and equity
3,306
2,781
3,004
+18.9%
Fixed assets
1,376
1,314
1,348
+4.7%
Goodwill
140
134
90.0
+4.5%
Intangible assets
100
103
96.0
-2.9%
Cash and equivalents
168
151
169
+11.3%
Inventory
523
359
466
+45.7%
Other assets
999
720
835
+38.8%
Total assets
3,306
2,781
3,004
+18.9%
10-K for the year ended 30 September 2021, filed 29 November 2021: the filing.