Deluxe (DLX) FY2021 results: revenue $2.0 billion, up 12.9% on the year
Deluxe Corp. (DLX) reported revenue of $2.0 billion for fiscal 2021, the year ended 31 December 2021, up 12.9% on the year before. Net income was $63 million, up 1094.4%, and diluted earnings per share $1.45. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2022.
Revenue
$2.0 billion
+12.9% on the year
FY2014FY2021
Operating margin
7.0%
2.3% a year earlier
FY2014FY2021
Net income
$63 million
+1,094.4% on the year
FY2014FY2021
Diluted EPS
$1.45
+1,218.2% 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
211
218
287
-3.1%
Capital expenditure
n/a
n/a
66.6
Free cash flow
n/a
n/a
220
Free cash flow margin
n/a
n/a
11.0%
Cash from investing
-1,067
-56.1
-72.4
Cash from financing
913
-111
-190
Depreciation and amortisation
149
111
126
+34.3%
Share-based compensation
29.5
21.8
19.7
+35.1%
Buybacks
0.0
14.0
119
Dividends paid
51.7
50.7
51.7
+1.8%
Dividend per share
$1.20
$1.20
$1.20
0.0%
Diluted shares, weighted
43m
42m
43m
+1.6%
Shares outstanding at period end
43m
42m
42m
+1.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
575
513
571
+11.9%
Non-controlling interest
n/a
n/a
0.0
Debt
1,683
840
884
+100.4%
Operating lease liabilities
56.4
28.3
33.6
+99.1%
Finance lease liabilities
27.4
0.1
n/a
+19,475.7%
Other liabilities
733
460
455
+59.2%
Total liabilities and equity
3,074
1,842
1,943
+66.9%
Fixed assets
126
88.7
96.5
+42.0%
Goodwill
1,430
703
774
+103.4%
Intangible assets
511
247
276
+107.0%
Investments
47.2
45.9
45.0
+2.8%
Cash and equivalents
41.2
123
73.6
-66.5%
Receivables
198
162
163
+22.2%
Inventory
34.9
40.1
39.9
-13.0%
Other assets
686
433
474
+58.6%
Total assets
3,074
1,842
1,943
+66.9%
10-K for the year ended 31 December 2021, filed 28 February 2022: the filing.