Ecolab (ECL) FY2021 results: revenue $12.7 billion, up 8.0% on the year
Ecolab Inc. (ECL) reported revenue of $12.7 billion for fiscal 2021, the year ended 31 December 2021, up 8.0% on the year before. Net income was $1.1 billion, and diluted earnings per share $3.91. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$12.7 billion
+8.0% on the year
FY2014FY2021
Operating margin
12.6%
11.8% a year earlier
FY2014FY2021
Net income
$1.1 billion
FY2014FY2021
Diluted EPS
$3.91
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
2,062
1,860
2,421
+10.8%
Capital expenditure
643
489
731
+31.5%
Free cash flow
1,419
1,371
1,689
+3.5%
Free cash flow margin
11.1%
11.6%
13.4%
Cash from investing
-4,580
-414
-1,199
Cash from financing
1,603
-342
-1,350
Depreciation and amortisation
843
813
775
+3.7%
Share-based compensation
89.5
82.1
84.0
+9.0%
Buybacks
107
146
354
-27.1%
Dividends paid
566
561
553
+1.0%
Dividend per share
$1.95
$1.89
$1.85
+3.2%
Diluted shares, weighted
289m
290m
292m
-0.4%
Shares outstanding at period end
287m
286m
288m
+0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
7,224
6,166
8,685
+17.2%
Non-controlling interest
28.9
35.0
40.5
-17.4%
Debt
8,758
6,669
6,354
+31.3%
Other liabilities
5,195
5,255
5,790
-1.1%
Total liabilities and equity
21,206
18,126
20,869
+17.0%
Fixed assets
3,288
3,125
3,228
+5.2%
Goodwill
8,064
6,007
5,569
+34.2%
Intangible assets
4,224
2,977
2,928
+41.9%
Cash and equivalents
360
1,260
119
-71.4%
Receivables
2,478
2,274
2,382
+9.0%
Inventory
1,492
1,285
1,082
+16.1%
Other assets
1,300
1,198
5,562
+8.5%
Total assets
21,206
18,126
20,869
+17.0%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.