Dnow (DNOW) FY2021 results: revenue $1.6 billion, up 0.8% on the year
Dnow Inc. (DNOW) reported revenue of $1.6 billion for fiscal 2021, the year ended 31 December 2021, up 0.8% on the year before. Net income was $5 million, and diluted earnings per share $0.05. The figures are the company's own, from the 10-K it filed with the SEC on 17 February 2022.
Revenue
$1.6 billion
+0.8% on the year
FY2014FY2021
Operating margin
0.6%
-25.9% a year earlier
FY2014FY2021
Net income
$5 million
FY2014FY2021
Diluted EPS
$0.05
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
30.0
189
224
-84.1%
Capital expenditure
5.0
8.0
12.0
-37.5%
Free cash flow
25.0
181
212
-86.2%
Free cash flow margin
1.5%
11.2%
7.2%
Cash from investing
-96.0
22.0
-22.0
Cash from financing
-6.0
-8.0
-138
Depreciation and amortisation
23.0
28.0
41.0
-17.9%
Share-based compensation
8.0
6.0
13.0
+33.3%
Buybacks
0.0
0.0
n/a
Diluted shares, weighted
110m
109m
109m
+1.0%
Shares outstanding at period end
111m
110m
109m
+0.6%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
712
699
1,144
+1.9%
Non-controlling interest
1.0
n/a
n/a
Debt
0.0
0.0
0.0
Operating lease liabilities
17.0
25.0
34.0
-32.0%
Finance lease liabilities
3.0
6.0
10.0
-50.0%
Other liabilities
371
278
403
+33.5%
Total liabilities and equity
1,104
1,008
1,591
+9.5%
Fixed assets
111
98.0
120
+13.3%
Goodwill
67.0
0.0
245
Intangible assets
9.0
0.0
90.0
Cash and equivalents
313
387
183
-19.1%
Receivables
304
198
370
+53.5%
Inventory
250
262
465
-4.6%
Other assets
50.0
63.0
118
-20.6%
Total assets
1,104
1,008
1,591
+9.5%
10-K for the year ended 31 December 2021, filed 17 February 2022: the filing.