Celanese (CE) FY2021 results: revenue $8.5 billion, up 51.0% on the year
Celanese Corp. (CE) reported revenue of $8.5 billion for fiscal 2021, the year ended 31 December 2021, up 51.0% on the year before. Net income was $1.9 billion, down 4.8%, and diluted earnings per share $16.86. The figures are the company's own, from the 10-K it filed with the SEC on 10 February 2022.
Revenue
$8.5 billion
+51.0% on the year
FY2014FY2021
Operating margin
22.8%
11.7% a year earlier
FY2014FY2021
Net income
$1.9 billion
-4.8% on the year
FY2014FY2021
Diluted EPS
$16.86
+0.7% 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
1,757
1,343
1,454
+30.8%
Capital expenditure
467
364
370
+28.3%
Free cash flow
1,290
979
1,084
+31.8%
Free cash flow margin
15.1%
17.3%
17.2%
Cash from investing
-1,119
592
-493
Cash from financing
-1,042
-1,471
-935
Depreciation and amortisation
371
350
352
+6.0%
Share-based compensation
95.0
28.0
48.0
+239.3%
Buybacks
1,000
650
996
+53.8%
Dividends paid
304
293
300
+3.8%
Diluted shares, weighted
112m
118m
125m
-5.4%
Shares outstanding at period end
108m
114m
120m
-5.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
4,189
3,526
2,507
+18.8%
Non-controlling interest
348
369
391
-5.7%
Debt
3,986
3,736
3,923
+6.7%
Operating lease liabilities
200
208
181
-3.8%
Finance lease liabilities
148
171
118
-13.5%
Other liabilities
3,104
2,899
2,356
+7.1%
Total liabilities and equity
11,975
10,909
9,476
+9.8%
Fixed assets
4,193
3,939
3,713
+6.4%
Goodwill
1,412
1,166
1,074
+21.1%
Intangible assets
735
319
312
+130.4%
Investments
10.0
533
40.0
-98.1%
Cash and equivalents
536
955
463
-43.9%
Receivables
1,161
792
850
+46.6%
Inventory
1,524
978
1,038
+55.8%
Other assets
2,404
2,227
1,986
+7.9%
Total assets
11,975
10,909
9,476
+9.8%
10-K for the year ended 31 December 2021, filed 10 February 2022: the filing.