Chemours (CC) FY2021 results: revenue $6.3 billion, up 27.7% on the year
Chemours Co. (CC) reported revenue of $6.3 billion for fiscal 2021, the year ended 31 December 2021, up 27.7% on the year before. Net income was $608 million, up 177.6%, and diluted earnings per share $3.60. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$6.3 billion
+27.7% on the year
FY2014FY2021
Operating margin
10.7%
7.4% a year earlier
FY2014FY2021
Net income
$608 million
+177.6% on the year
FY2014FY2021
Diluted EPS
$3.60
+172.7% 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
814
807
650
+0.9%
Capital expenditure
277
267
481
+3.7%
Free cash flow
537
540
169
-0.6%
Free cash flow margin
8.5%
10.9%
3.1%
Cash from investing
220
-234
-483
Cash from financing
-554
-449
-419
Depreciation and amortisation
317
320
311
-0.9%
Share-based compensation
34.0
16.0
19.0
+112.5%
Buybacks
173
0.0
322
Dividends paid
164
164
164
0.0%
Dividend per share
$1.00
$1.00
$1.00
0.0%
Diluted shares, weighted
169m
166m
165m
+1.4%
Shares outstanding at period end
161m
165m
164m
-2.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,081
813
689
+33.0%
Non-controlling interest
1.0
2.0
6.0
-50.0%
Debt
3,749
4,026
4,026
-6.9%
Operating lease liabilities
179
194
245
-7.7%
Finance lease liabilities
60.0
67.0
54.0
-10.4%
Other liabilities
2,480
1,980
2,238
+25.3%
Total liabilities and equity
7,550
7,082
7,258
+6.6%
Fixed assets
3,154
3,474
3,559
-9.2%
Goodwill
102
153
153
-33.3%
Intangible assets
6.0
14.0
21.0
-57.1%
Cash and equivalents
1,451
1,105
943
+31.3%
Receivables
644
449
602
+43.4%
Inventory
1,099
939
1,079
+17.0%
Other assets
1,094
948
901
+15.4%
Total assets
7,550
7,082
7,258
+6.6%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.