Dow (DOW) FY2021 results: revenue $55.0 billion, up 42.6% on the year
Dow Inc. (DOW) reported revenue of $55.0 billion for fiscal 2021, the year ended 31 December 2021, up 42.6% on the year before. Net income was $6.3 billion, up 415.2%, and diluted earnings per share $8.38. The figures are the company's own, from the 10-K it filed with the SEC on 4 February 2022.
Revenue
$55.0 billion
+42.6% on the year
FY2016FY2021
Operating margin
n/a
FY2016FY2021
Net income
$6.3 billion
+415.2% on the year
FY2016FY2021
Diluted EPS
$8.38
+411.0% on the year
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
7,009
6,226
5,930
+12.6%
Capital expenditure
1,501
1,252
1,961
+19.9%
Free cash flow
5,508
4,974
3,969
+10.7%
Free cash flow margin
10.0%
12.9%
9.2%
Cash from investing
-2,914
-841
-2,192
Cash from financing
-6,071
-2,764
-4,095
Depreciation and amortisation
2,842
2,874
2,938
-1.1%
Share-based compensation
276
171
158
+61.4%
Buybacks
1,000
125
500
+700.0%
Dividends paid
2,073
2,071
1,550
+0.1%
Dividend per share
$2.80
$2.80
$2.10
0.0%
Diluted shares, weighted
749m
742m
742m
+0.9%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
18,165
12,435
13,541
+46.1%
Non-controlling interest
574
570
553
+0.7%
Debt
14,672
17,107
16,996
-14.2%
Operating lease liabilities
1,149
1,521
1,739
-24.5%
Finance lease liabilities
763
464
363
+64.4%
Other liabilities
27,667
29,373
27,332
-5.8%
Total liabilities and equity
62,990
61,470
60,524
+2.5%
Fixed assets
20,555
20,239
20,996
+1.6%
Goodwill
8,764
8,908
8,796
-1.6%
Intangible assets
2,881
3,352
3,759
-14.1%
Investments
245
45.0
21.0
+444.4%
Cash and equivalents
2,988
5,104
2,367
-41.5%
Receivables
6,841
5,090
4,844
+34.4%
Inventory
7,372
5,701
6,214
+29.3%
Other assets
13,344
13,031
13,527
+2.4%
Total assets
62,990
61,470
60,524
+2.5%
10-K for the year ended 31 December 2021, filed 4 February 2022: the filing.