Colgate-Palmolive (CL) FY2021 results: revenue $17.4 billion, up 5.8% on the year
Colgate-Palmolive Co. (CL) reported revenue of $17.4 billion for fiscal 2021, the year ended 31 December 2021, up 5.8% on the year before. Net income was $2.2 billion, down 19.6%, and diluted earnings per share $2.55. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$17.4 billion
+5.8% on the year
FY2014FY2021
Operating margin
19.1%
23.6% a year earlier
FY2014FY2021
Net income
$2.2 billion
-19.6% on the year
FY2014FY2021
Diluted EPS
$2.55
-18.8% 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
3,325
3,719
3,133
-10.6%
Capital expenditure
567
409
335
+38.6%
Free cash flow
2,758
3,310
2,798
-16.7%
Free cash flow margin
15.8%
20.1%
17.8%
Cash from investing
-592
-779
-2,099
Cash from financing
-2,774
-2,919
-870
Depreciation and amortisation
556
539
519
+3.2%
Share-based compensation
135
107
100
+26.2%
Buybacks
1,320
1,476
1,202
-10.6%
Dividends paid
1,679
1,654
1,614
+1.5%
Dividend per share
$1.79
$1.75
$1.71
+2.3%
Diluted shares, weighted
848m
859m
861m
-1.3%
Shares outstanding at period end
840m
850m
855m
-1.1%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
609
743
117
-18.0%
Non-controlling interest
362
358
441
+1.1%
Debt
7,245
7,601
7,847
-4.7%
Operating lease liabilities
451
476
491
-5.3%
Other liabilities
6,373
6,742
6,138
-5.5%
Total liabilities and equity
15,040
15,920
15,034
-5.5%
Fixed assets
3,730
3,716
3,750
+0.4%
Goodwill
3,284
3,824
3,508
-14.1%
Intangible assets
2,462
2,894
2,667
-14.9%
Cash and equivalents
832
888
883
-6.3%
Receivables
1,297
1,264
1,440
+2.6%
Inventory
1,692
1,673
1,400
+1.1%
Other assets
1,743
1,661
1,386
+4.9%
Total assets
15,040
15,920
15,034
-5.5%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.