D.R. Horton (DHI) FY2021 results: revenue $27.8 billion, up 36.7% on the year
D.R. Horton, Inc. (DHI) reported revenue of $27.8 billion for fiscal 2021, the year ended 30 September 2021, up 36.7% on the year before. Net income was $4.2 billion, up 75.9%, and diluted earnings per share $11.41. The figures are the company's own, from the 10-K it filed with the SEC on 18 November 2021.
Revenue
$27.8 billion
+36.7% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$4.2 billion
+75.9% on the year
FY2014FY2021
Diluted EPS
$11.41
+78.0% 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
534
1,422
892
-62.4%
Capital expenditure
93.5
96.5
127
-3.1%
Free cash flow
441
1,325
765
-66.7%
Free cash flow margin
1.6%
6.5%
4.3%
Cash from investing
-252
-166
-394
Cash from financing
-85.1
271
-490
Depreciation and amortisation
82.1
90.6
72.0
-9.4%
Share-based compensation
91.4
77.8
73.2
+17.5%
Buybacks
874
360
480
+142.5%
Dividends paid
289
256
223
+13.0%
Dividend per share
$0.80
$0.70
$0.60
+14.3%
Diluted shares, weighted
366m
370m
377m
-1.2%
Shares outstanding at period end
356m
364m
368m
-2.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
14,886
11,840
10,021
+25.7%
Non-controlling interest
330
282
274
+17.1%
Debt
5,412
4,283
3,399
+26.4%
Other liabilities
3,387
2,508
1,912
+35.1%
Total liabilities and equity
24,016
18,912
15,607
+27.0%
Fixed assets
393
684
499
-42.5%
Goodwill
164
164
164
0.0%
Cash and equivalents
3,210
3,018
1,494
+6.4%
Other assets
20,249
15,047
13,450
+34.6%
Total assets
24,016
18,912
15,607
+27.0%
10-K for the year ended 30 September 2021, filed 18 November 2021: the filing.