Diamondback Energy (FANG) FY2021 results: revenue $6.8 billion, up 141.6% on the year
Diamondback Energy, Inc. (FANG) reported revenue of $6.8 billion for fiscal 2021, the year ended 31 December 2021, up 141.6% on the year before. Net income was $2.2 billion, and diluted earnings per share $12.30. The figures are the company's own, from the 10-K it filed with the SEC on 24 February 2022.
Revenue
$6.8 billion
+141.6% on the year
FY2016FY2021
Operating margin
58.9%
-194.7% a year earlier
FY2016FY2021
Net income
$2.2 billion
FY2016FY2021
Diluted EPS
$12.30
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
3,944
2,118
2,734
+86.2%
Cash from investing
-1,539
-2,101
-3,888
Cash from financing
-1,841
-37.0
1,062
Depreciation and amortisation
1,275
1,311
1,454
-2.7%
Share-based compensation
51.0
37.0
48.0
+37.8%
Buybacks
431
98.0
593
+339.8%
Dividends paid
312
236
112
+32.2%
Dividend per share
$1.95
$1.52
$0.94
+27.9%
Diluted shares, weighted
177m
158m
164m
+12.3%
Shares outstanding at period end
178m
158m
159m
+12.3%
Balance sheet
$ million
FY2021
FY2020
FY2019
On the year
Last 8 years
Shareholders' equity
12,088
8,794
13,249
+37.5%
Non-controlling interest
1,157
1,010
1,657
+14.6%
Debt
6,687
5,815
5,371
+15.0%
Other liabilities
2,966
2,000
3,254
+48.3%
Total liabilities and equity
22,898
17,619
23,531
+30.0%
Fixed assets
20,619
16,214
21,835
+27.2%
Intangible assets
n/a
n/a
8.0
Cash and equivalents
654
104
123
+528.8%
Receivables
598
281
429
+112.8%
Inventory
62.0
33.0
37.0
+87.9%
Other assets
965
987
1,099
-2.2%
Total assets
22,898
17,619
23,531
+30.0%
10-K for the year ended 31 December 2021, filed 24 February 2022: the filing.