Dropbox (DBX) FY2021 results: revenue $2.2 billion, up 12.7% on the year
Dropbox, Inc. (DBX) reported revenue of $2.2 billion for fiscal 2021, the year ended 31 December 2021, up 12.7% on the year before. Net income was $336 million, and diluted earnings per share $0.85. The figures are the company's own, from the 10-K it filed with the SEC on 18 February 2022.
Revenue
$2.2 billion
+12.7% on the year
FY2016FY2021
Operating margin
12.7%
-14.5% a year earlier
FY2016FY2021
Net income
$336 million
FY2016FY2021
Diluted EPS
$0.85
FY2016FY2021
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
730
571
528
+27.9%
Capital expenditure
22.1
80.1
136
-72.4%
Free cash flow
708
491
392
+44.2%
Free cash flow margin
32.8%
25.6%
23.6%
Cash from investing
-525
-234
-320
Cash from financing
16.2
-578
-177
Depreciation and amortisation
151
159
174
-5.0%
Share-based compensation
287
262
261
+9.8%
Buybacks
1,058
398
0.0
+166.3%
Diluted shares, weighted
396m
414m
412m
-4.5%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
-294
334
808
Debt
1,370
0.0
0.0
Operating lease liabilities
632
760
712
-16.8%
Finance lease liabilities
168
172
138
-2.3%
Other liabilities
1,215
1,122
1,041
+8.3%
Total liabilities and equity
3,091
2,387
2,699
+29.5%
Fixed assets
322
339
445
-4.9%
Goodwill
357
237
234
+50.5%
Intangible assets
53.6
33.5
47.4
+60.0%
Investments
1,185
806
608
+47.0%
Cash and equivalents
533
315
551
+69.3%
Receivables
49.6
43.4
36.7
+14.3%
Other assets
591
613
776
-3.6%
Total assets
3,091
2,387
2,699
+29.5%
10-K for the year ended 31 December 2021, filed 18 February 2022: the filing.