Cognex (CGNX) FY2021 results: revenue $1.0 billion, up 27.9% on the year
Cognex Corp. (CGNX) reported revenue of $1.0 billion for fiscal 2021, the year ended 31 December 2021, up 27.9% on the year before. Net income was $280 million, up 58.9%, and diluted earnings per share $1.56. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$1.0 billion
+27.9% on the year
FY2014FY2021
Operating margin
30.4%
21.0% a year earlier
FY2014FY2021
Net income
$280 million
+58.9% on the year
FY2014FY2021
Diluted EPS
$1.56
+56.0% 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
314
242
253
+29.6%
Capital expenditure
15.5
13.3
21.7
+16.2%
Free cash flow
299
229
231
+30.3%
Free cash flow margin
28.8%
28.2%
31.9%
Cash from investing
-253
169
-157
Cash from financing
-142
-317
-32.2
Depreciation and amortisation
20.3
26.5
24.9
-23.5%
Share-based compensation
43.8
1.4
45.6
+3,024.5%
Buybacks
162
51.0
61.7
+216.7%
Dividends paid
43.3
391
35.1
-88.9%
Dividend per share
$0.24
$2.23
$0.20
-89.0%
Diluted shares, weighted
180m
177m
175m
+1.9%
Shares outstanding at period end
175m
176m
172m
-0.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,430
1,262
1,356
+13.3%
Debt
0.0
0.0
0.0
Operating lease liabilities
17.8
18.1
12.3
-1.8%
Other liabilities
556
520
518
+6.8%
Total liabilities and equity
2,004
1,801
1,886
+11.3%
Fixed assets
77.5
79.2
89.4
-2.1%
Goodwill
242
244
243
-1.0%
Intangible assets
11.9
15.6
39.5
-23.6%
Investments
721
498
674
+44.7%
Cash and equivalents
186
269
171
-30.8%
Receivables
130
126
103
+3.7%
Inventory
113
60.8
60.3
+85.9%
Other assets
522
508
504
+2.7%
Total assets
2,004
1,801
1,886
+11.3%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.