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Evergy (EVRG) FY2021 results: revenue $5.6 billion, up 13.7% on the year

Evergy, Inc. (EVRG) reported revenue of $5.6 billion for fiscal 2021, the year ended 31 December 2021, up 13.7% on the year before. Net income was $880 million, up 42.3%, and diluted earnings per share $3.83. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.

Revenue
$5.6 billion
+13.7% on the year
FY2016FY2021
Operating margin
24.3%
23.3% a year earlier
FY2016FY2021
Net income
$880 million
+42.3% on the year
FY2016FY2021
Diluted EPS
$3.83
+40.8% on the year
FY2016FY2021

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
Revenue5,5874,9135,148+13.7%
Operating income1,3551,1441,186+18.4%
Operating margin24.3%23.3%23.0%
Interest expense373384374-2.9%
Pre-tax income1,001724773+38.3%
Income tax11710297.0+14.9%
Effective tax rate11.7%14.1%12.6%
Net income880618670+42.3%
Net margin15.7%12.6%13.0%
Diluted EPS$3.83$2.72$2.79+40.8%
$ 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 flow1,3521,7541,749-22.9%
Capital expenditure1,9721,5601,210+26.4%
Free cash flow-621194539
Free cash flow margin-11.1%3.9%10.5%
Cash from investing-1,914-1,534-1,080
Cash from financing443-98.4-806
Depreciation and amortisation896880862+1.9%
Share-based compensation15.616.016.3-2.5%
Buybacks0.00.01,629
Dividends paid498465462+7.1%
Dividend per share$2.18$2.05$1.93+6.2%
Diluted shares, weighted230m228m240m+0.9%

Balance sheet

$ millionFY2021FY2020FY2019On the yearLast 8 years
Shareholders' equity9,2448,7338,572+5.9%
Non-controlling interest-2.7-14.9-26.6
Debt11,1669,6278,998+16.0%
Operating lease liabilitiesn/an/a82.4
Finance lease liabilitiesn/a45.347.9
Other liabilities8,1138,7248,302-7.0%
Total liabilities and equity28,52027,11525,976+5.2%
Fixed assets21,00319,95119,184+5.3%
Goodwill2,3372,3372,3370.0%
Cash and equivalents26.214523.2-81.9%
Receivables222274228-19.1%
Other assets4,9344,4084,203+11.9%
Total assets28,52027,11525,976+5.2%

10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.