Equitable Holdings (EQH) FY2021 results: revenue $7.6 billion, down 38.7% on the year
Equitable Holdings, Inc. (EQH) reported revenue of $7.6 billion for fiscal 2021, the year ended 31 December 2021, down 38.7% on the year before. Net income was $1.8 billion, and diluted earnings per share $3.98. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2022.
Revenue
$7.6 billion
-38.7% on the year
FY2016FY2021
Operating margin
34.3%
-8.8% a year earlier
FY2016FY2021
Net income
$1.8 billion
FY2016FY2021
Diluted EPS
$3.98
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
-193
-61.0
-216
Cash from investing
-12,689
-7,823
-8,496
Cash from financing
11,948
9,674
8,705
+23.5%
Depreciation and amortisation
n/a
n/a
675
Share-based compensation
274
252
276
+8.7%
Buybacks
1,637
430
1,350
+280.7%
Dividends paid
296
297
285
-0.3%
Dividend per share
$0.71
$0.66
$0.58
+7.6%
Diluted shares, weighted
421m
450m
494m
-6.5%
Shares outstanding at period end
391m
441m
464m
-11.2%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
10,351
15,576
13,456
-33.5%
Non-controlling interest
1,576
1,601
1,591
-1.6%
Redeemable equity
468
143
365
+227.3%
Debt
3,931
4,115
4,111
-4.5%
Other liabilities
279,362
253,962
230,347
+10.0%
Total liabilities and equity
295,688
275,397
249,870
+7.4%
Securities held for sale or to maturity
78,216
81,638
66,343
-4.2%
Loans
14,033
13,159
n/a
+6.6%
Trading assets
n/a
n/a
73.0
Cash and equivalents
5,188
6,179
4,405
-16.0%
Other assets
198,251
174,421
179,049
+13.7%
Total assets
295,688
275,397
249,870
+7.4%
10-K for the year ended 31 December 2021, filed 22 February 2022: the filing.