Emerson Electric (EMR) FY2021 results: revenue $12.9 billion, down 23.0% on the year
Emerson Electric Co. (EMR) reported revenue of $12.9 billion for fiscal 2021, the year ended 30 September 2021, down 23.0% on the year before. Net income was $2.3 billion, up 17.2%, and diluted earnings per share $3.82. The figures are the company's own, from the 10-K it filed with the SEC on 15 November 2021.
Revenue
$12.9 billion
-23.0% on the year
FY2014FY2021
Operating margin
n/a
FY2014FY2021
Net income
$2.3 billion
+17.2% on the year
FY2014FY2021
Diluted EPS
$3.82
+17.9% 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
3,575
3,083
3,006
+16.0%
Capital expenditure
404
538
594
-24.9%
Free cash flow
3,171
2,545
2,412
+24.6%
Free cash flow margin
24.5%
15.2%
13.1%
Cash from investing
-2,120
-740
-1,174
Cash from financing
-2,422
-509
-1,391
Depreciation and amortisation
762
854
822
-10.8%
Share-based compensation
197
110
120
+79.1%
Buybacks
500
942
1,250
-46.9%
Dividends paid
1,210
1,209
1,209
+0.1%
Dividend per share
$2.02
$2.00
$1.96
+1.0%
Diluted shares, weighted
602m
607m
621m
-0.8%
Shares outstanding at period end
596m
598m
611m
-0.4%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
9,883
8,405
8,233
+17.6%
Non-controlling interest
40.0
42.0
40.0
-4.8%
Debt
6,665
7,486
5,721
-11.0%
Operating lease liabilities
413
373
0.0
+10.7%
Other liabilities
7,714
6,576
6,503
+17.3%
Total liabilities and equity
24,715
22,882
20,497
+8.0%
Fixed assets
3,738
3,688
3,642
+1.4%
Goodwill
6,967
6,734
6,536
+3.5%
Intangible assets
2,877
2,468
2,615
+16.6%
Cash and equivalents
2,354
3,315
1,494
-29.0%
Receivables
2,971
2,802
2,985
+6.0%
Inventory
2,050
1,928
1,880
+6.3%
Other assets
3,758
1,947
1,345
+93.0%
Total assets
24,715
22,882
20,497
+8.0%
10-K for the year ended 30 September 2021, filed 15 November 2021: the filing.