Corpay (CPAY) FY2021 results: revenue $2.8 billion, up 18.6% on the year
Corpay, Inc. (CPAY) reported revenue of $2.8 billion for fiscal 2021, the year ended 31 December 2021, up 18.6% on the year before. Net income was $839 million, up 19.2%, and diluted earnings per share $9.99. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.
Revenue
$2.8 billion
+18.6% on the year
FY2014FY2021
Operating margin
43.8%
40.7% a year earlier
FY2014FY2021
Net income
$839 million
+19.2% on the year
FY2014FY2021
Diluted EPS
$9.99
+23.0% 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
1,197
1,473
1,162
-18.7%
Capital expenditure
112
78.4
75.2
+42.2%
Free cash flow
1,086
1,394
1,087
-22.1%
Free cash flow margin
38.3%
58.4%
41.0%
Cash from investing
-716
-106
-524
Cash from financing
344
-1,417
-310
Depreciation and amortisation
284
255
274
+11.5%
Share-based compensation
80.1
43.4
61.0
+84.6%
Buybacks
1,356
850
695
+59.5%
Diluted shares, weighted
84m
87m
90m
-3.1%
Shares outstanding at period end
79m
84m
85m
-5.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,867
3,355
3,712
-14.6%
Debt
5,978
4,303
5,037
+38.9%
Operating lease liabilities
79.9
75.4
81.7
+6.0%
Other liabilities
4,481
3,460
3,418
+29.5%
Total liabilities and equity
13,405
11,195
12,249
+19.7%
Fixed assets
236
203
200
+16.7%
Goodwill
5,079
4,719
4,833
+7.6%
Intangible assets
2,335
2,116
2,342
+10.4%
Cash and equivalents
1,520
935
1,271
+62.6%
Receivables
1,793
1,367
1,569
+31.2%
Other assets
2,441
1,855
2,033
+31.6%
Total assets
13,405
11,195
12,249
+19.7%
10-K for the year ended 31 December 2021, filed 1 March 2022: the filing.