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Domino's Pizza (DPZ) FY2021 results: revenue $4.4 billion, up 5.8% on the year

Domino's Pizza, Inc. (DPZ) reported revenue of $4.4 billion for fiscal 2021, the year ended 2 January 2022, up 5.8% on the year before. Net income was $510 million, up 3.9%, and diluted earnings per share $13.54. The figures are the company's own, from the 10-K it filed with the SEC on 1 March 2022.

Revenue
$4.4 billion
+5.8% on the year
FY2014FY2021
Operating margin
17.9%
17.6% a year earlier
FY2014FY2021
Net income
$510 million
+3.9% on the year
FY2014FY2021
Diluted EPS
$13.54
+9.3% 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
Revenue4,3574,1173,619+5.8%
Cost of revenue2,6692,5232,216+5.8%
Gross profit1,6881,5941,402+5.9%
Gross margin38.7%38.7%38.8%
Operating income780726629+7.5%
Operating margin17.9%17.6%17.4%
Interest expense192172151+11.4%
Pre-tax income626555483+12.7%
Income tax11563.881.9+80.5%
Effective tax rate18.4%11.5%17.0%
Net income510491401+3.9%
Net margin11.7%11.9%11.1%
Diluted EPS$13.54$12.39$9.56+9.3%
$ 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 flow654593497+10.4%
Capital expenditure94.288.885.6+6.1%
Free cash flow560504411+11.1%
Free cash flow margin12.9%12.2%11.4%
Cash from investing-143-129-27.9
Cash from financing-523-446-223
Depreciation and amortisation72.965.059.9+12.1%
Share-based compensation28.724.220.3+18.3%
Buybacks1,321305699+333.7%
Dividends paid139122106+14.3%
Dividend per share$3.76$3.12$2.60+20.5%
Diluted shares, weighted38m40m42m-4.9%
Shares outstanding at period end36m39m39m-7.0%

Balance sheet

$ millionFY2021FY2020FY2019On the yearLast 8 years
Shareholders' equity-4,210-3,300-3,416
Debt5,0704,1164,114+23.2%
Operating lease liabilities184202203-8.8%
Finance lease liabilities72.257.718.3+25.2%
Other liabilities554492462+12.8%
Total liabilities and equity1,6721,5671,382+6.7%
Fixed assets324297243+9.0%
Goodwill15.015.115.1-0.2%
Investments15.413.312.0+16.5%
Cash and equivalents148169191-12.2%
Receivables255245210+4.4%
Inventory68.366.753.0+2.5%
Other assets845761658+11.0%
Total assets1,6721,5671,382+6.7%

10-K for the year ended 2 January 2022, filed 1 March 2022: the filing.