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Digital Realty Trust (DLR) FY2021 results: revenue $4.4 billion, up 13.4% on the year

Digital Realty Trust, Inc. (DLR) reported revenue of $4.4 billion for fiscal 2021, the year ended 31 December 2021, up 13.4% on the year before. Net income was $1.7 billion, up 379.6%, and diluted earnings per share $5.94. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.

Revenue
$4.4 billion
+13.4% on the year
FY2014FY2021
Operating margin
15.7%
14.3% a year earlier
FY2014FY2021
Net income
$1.7 billion
+379.6% on the year
FY2014FY2021
Diluted EPS
$5.94
+494.0% on the year
FY2014FY2021

this yearthe year beforeHover a bar for its figure.

The year in brief

The quarters: Q4 FY2021

Income statement (profit and loss)

$ millionFY2021FY2020FY2019On the yearLast 8 years
Revenue4,4283,9043,209+13.4%
Operating income694558594+24.5%
Operating margin15.7%14.3%18.5%
Interest expense294333353-11.8%
Income tax72.838.012.0+91.3%
Net income1,709356580+379.6%
Net margin38.6%9.1%18.1%
Diluted EPS$5.94$1.00$2.35+494.0%
$ 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

$ millionFY2021FY2020FY2019On the yearLast 8 years
Operating cash flow1,7021,7071,514-0.3%
Capital expenditure2,5212,0641,437+22.1%
Free cash flow-819-35876.9
Free cash flow margin-18.5%-9.2%2.4%
Cash from investing-1,062-2,599-275
Cash from financing-591936-1,272
Depreciation and amortisation1,4871,3661,164+8.8%
Dividends paid1,3791,163922+18.6%
Diluted shares, weighted283m263m209m+7.9%
Shares outstanding at period end284m280m209m+1.5%

Balance sheet

$ millionFY2021FY2020FY2019On the yearLast 8 years
Shareholders' equity18,00517,7189,879+1.6%
Non-controlling interest472729729-35.2%
Redeemable equity47.042.041.5+11.9%
Debt13,56213,30510,122+1.9%
Other liabilities4,2844,2832,296+0.0%
Total liabilities and equity36,37036,07623,068+0.8%
Goodwill7,9378,3313,363-4.7%
Cash and equivalents14310989.8+31.5%
Other assets28,28927,63719,615+2.4%
Total assets36,37036,07623,068+0.8%

10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.