Crane Nxt (CXT) FY2021 results: revenue $1.3 billion, down 54.2% on the year
Crane Nxt, Co. (CXT) reported revenue of $1.3 billion for fiscal 2021, the year ended 31 December 2021, down 54.2% on the year before. Net income was $178 million, down 1.7%, and diluted earnings per share $3.14. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$1.3 billion
-54.2% on the year
FY2014FY2021
Operating margin
20.8%
9.0% a year earlier
FY2014FY2021
Net income
$178 million
-1.7% on the year
FY2014FY2021
Diluted EPS
$3.14
+1.9% 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
277
310
394
-10.5%
Capital expenditure
18.6
34.1
64.4
-45.5%
Free cash flow
258
275
330
-6.2%
Free cash flow margin
19.2%
9.4%
10.7%
Cash from investing
-15.8
-229
-221
Cash from financing
-298
55.1
-125
Depreciation and amortisation
81.8
128
108
-35.8%
Share-based compensation
8.6
22.3
21.8
-61.4%
Buybacks
96.3
70.0
79.9
+37.6%
Dividends paid
0.0
100
93.2
Dividend per share
$1.72
$1.72
$1.56
0.0%
Diluted shares, weighted
57m
59m
61m
-3.6%
Shares outstanding at period end
58m
58m
59m
-0.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
764
914
1,474
-16.4%
Non-controlling interest
2.8
2.2
2.6
+27.3%
Short-term borrowings
0.0
n/a
n/a
Debt
842
1,219
991
-30.9%
Operating lease liabilities
79.3
86.5
91.5
-8.3%
Other liabilities
2,798
2,394
1,864
+16.9%
Total liabilities and equity
4,487
4,615
4,424
-2.8%
Fixed assets
556
574
616
-3.2%
Goodwill
861
1,609
1,301
-46.5%
Intangible assets
388
433
505
-10.3%
Cash and equivalents
479
551
394
-13.1%
Receivables
483
424
555
+13.9%
Inventory
449
430
457
+4.5%
Other assets
1,271
594
595
+113.9%
Total assets
4,487
4,615
4,424
-2.8%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.