Exponent (EXPO) FY2021 results: revenue $466 million, up 16.6% on the year
Exponent Inc. (EXPO) reported revenue of $466 million for fiscal 2021, the year ended 31 December 2021, up 16.6% on the year before. Net income was $101 million, up 22.6%, and diluted earnings per share $1.90. The figures are the company's own, from the 10-K it filed with the SEC on 25 February 2022.
Revenue
$466 million
+16.6% on the year
FY2014FY2021
Operating margin
23.4%
20.8% a year earlier
FY2014FY2021
Net income
$101 million
+22.6% on the year
FY2014FY2021
Diluted EPS
$1.90
+22.6% 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
125
103
108
+20.6%
Capital expenditure
6.8
5.0
23.0
+36.9%
Free cash flow
118
98.3
85.0
+19.7%
Free cash flow margin
25.3%
24.6%
20.4%
Cash from investing
38.2
5.0
4.3
+659.9%
Cash from financing
-62.8
-88.4
-63.4
Depreciation and amortisation
6.5
6.9
6.8
-5.6%
Share-based compensation
19.3
17.3
17.5
+11.5%
Buybacks
7.0
40.0
22.0
-82.5%
Dividends paid
41.7
39.4
33.1
+5.9%
Dividend per share
$0.80
$0.76
$0.64
+5.3%
Diluted shares, weighted
53m
53m
54m
+0.0%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
417
361
350
+15.4%
Debt
0.0
0.0
0.0
Operating lease liabilities
9.8
14.3
18.2
-31.6%
Other liabilities
257
204
195
+25.8%
Total liabilities and equity
684
580
563
+17.9%
Fixed assets
60.0
59.8
61.6
+0.2%
Goodwill
8.6
8.6
8.6
0.0%
Investments
n/a
45.0
55.2
Securities held for sale or to maturity
298
n/a
n/a
Cash and equivalents
298
198
176
+50.7%
Receivables
140
112
120
+25.4%
Other assets
n/a
158
141
Total assets
684
580
563
+17.9%
10-K for the year ended 31 December 2021, filed 25 February 2022: the filing.