Expedia Group (EXPE) FY2021 results: revenue $8.6 billion, up 65.4% on the year
Expedia Group, Inc. (EXPE) reported revenue of $8.6 billion for fiscal 2021, the year ended 31 December 2021, up 65.4% on the year before. Net income was $12 million, and diluted earnings per share $-1.80. The figures are the company's own, from the 10-K it filed with the SEC on 11 February 2022.
Revenue
$8.6 billion
+65.4% on the year
FY2014FY2021
Operating margin
2.2%
-52.3% a year earlier
FY2014FY2021
Net income
$12 million
FY2014FY2021
Diluted EPS
-$1.80
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
3,748
-3,834
2,767
Capital expenditure
673
797
1,160
-15.6%
Free cash flow
3,075
-4,631
1,607
Free cash flow margin
35.8%
-89.1%
13.3%
Cash from investing
-931
-263
-1,553
Cash from financing
-973
4,077
175
Depreciation and amortisation
814
893
910
-8.8%
Share-based compensation
418
205
241
+103.9%
Buybacks
165
425
743
-61.2%
Dividends paid
0.0
48.0
195
Dividend per share
n/a
$0.34
$1.32
Diluted shares, weighted
150m
141m
150m
+5.9%
Shares outstanding at period end
150m
138m
n/a
+8.7%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
2,057
1,510
3,967
+36.2%
Non-controlling interest
1,495
1,494
1,569
+0.1%
Redeemable equity
0.0
13.0
15.0
Debt
8,450
8,216
4,938
+2.8%
Operating lease liabilities
360
513
532
-29.8%
Other liabilities
9,186
6,944
10,395
+32.3%
Total liabilities and equity
21,548
18,690
21,416
+15.3%
Fixed assets
2,180
2,257
2,198
-3.4%
Goodwill
7,171
7,380
8,127
-2.8%
Intangible assets
1,393
1,515
1,804
-8.1%
Investments
200
24.0
526
+733.3%
Cash and equivalents
4,111
3,363
3,315
+22.2%
Receivables
1,264
701
2,524
+80.3%
Other assets
5,229
3,450
2,922
+51.6%
Total assets
21,548
18,690
21,416
+15.3%
10-K for the year ended 31 December 2021, filed 11 February 2022: the filing.