EnerSys (ENS) FY2021 results: revenue $3.0 billion, down 3.6% on the year
EnerSys (ENS) reported revenue of $3.0 billion for fiscal 2021, the year ended 31 March 2021, down 3.6% on the year before. Net income was $143 million, up 4.6%, and diluted earnings per share $3.32. The figures are the company's own, from the 10-K it filed with the SEC on 26 May 2021.
Revenue
$3.0 billion
-3.6% on the year
FY2014FY2021
Operating margin
7.3%
6.2% a year earlier
FY2014FY2021
Net income
$143 million
+4.6% on the year
FY2014FY2021
Diluted EPS
$3.32
+3.7% on the year
FY2014FY2021
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Revenue
2,978
3,088
2,808
-3.6%
Cost of revenue
2,239
2,301
2,105
-2.7%
Gross profit
739
785
693
-5.8%
Gross margin
24.8%
25.4%
24.7%
Operating income
216
190
212
+13.8%
Operating margin
7.3%
6.2%
7.6%
Interest expense
38.4
43.7
30.9
-12.0%
Pre-tax income
170
147
182
+15.8%
Income tax
26.8
9.8
21.6
+172.5%
Effective tax rate
15.7%
6.7%
11.8%
Net income
143
137
160
+4.6%
Net margin
4.8%
4.4%
5.7%
Diluted EPS
$3.32
$3.20
$3.73
+3.7%
$ 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
358
253
198
+41.4%
Capital expenditure
70.0
101
70.4
-31.0%
Free cash flow
288
152
127
+89.7%
Free cash flow margin
9.7%
4.9%
4.5%
Cash from investing
-65.0
-275
-724
Cash from financing
-189
62.7
347
Depreciation and amortisation
94.1
87.3
63.3
+7.7%
Share-based compensation
19.8
20.8
22.6
-4.6%
Buybacks
0.0
34.6
56.4
Dividends paid
29.8
29.7
29.7
+0.4%
Dividend per share
$0.70
$0.70
$0.70
0.0%
Diluted shares, weighted
43m
43m
43m
+0.8%
Shares outstanding at period end
43m
42m
43m
+1.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
1,540
1,301
1,282
+18.4%
Non-controlling interest
3.8
3.5
3.7
+8.0%
Debt
1,004
1,151
1,026
-12.8%
Operating lease liabilities
42.5
51.2
n/a
-17.0%
Finance lease liabilities
0.4
0.4
n/a
+6.9%
Other liabilities
872
795
806
+9.8%
Total liabilities and equity
3,463
3,302
3,118
+4.9%
Fixed assets
497
480
409
+3.6%
Goodwill
706
664
656
+6.3%
Intangible assets
431
456
462
-5.4%
Cash and equivalents
452
327
299
+38.2%
Receivables
604
596
624
+1.3%
Inventory
518
519
504
-0.2%
Other assets
256
260
163
-1.6%
Total assets
3,463
3,302
3,118
+4.9%
10-K for the year ended 31 March 2021, filed 26 May 2021: the filing.